US gold ends near record high on dollar tumble

Mon Nov 9, 2009 7:33pm GMT
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 NEW YORK, Nov 9 (Reuters) - U.S. gold futures ended higher
on Monday, after rising to a record $1,111.70 an ounce earlier
in the session, as the dollar tumbled on expectations of ample
money supply amid a low interest rate environment after a
weekend Group of 20 meeting.
 For the latest detailed report, click on [GOL/].
 GOLD
 * COMEX December gold GCZ9 settles up $5.70 at $1,101.40
an ounce on the New York Mercantile Exchange.
 * Range spanned $1,096 to all-time high $1,111.70
 * Gold rises with equities, oil and other commodities as
the dollar index fell 1 percent after a weekend G20 meeting.
[USD/]
 * Currency and inflation worries boost gold due to monetary
easing and fiscal spending expectations after G20 - Nicholas
Brooks at ETF Securities.
 * Gold on its own for now but could correct at some point
despite weak dollar - Miguel Perez-Santalla at Heraeus.
 * China should not buy gold from the IMF and should wait
for the price to drop - ex official. [ID:nPEK352010]
 * Gold mining stocks as a whole rise to their highest level
since July 2008. Gold BUGS index  up 4 pct.
 * Gold-to-oil ratio down at 13.84 against 14.15 -- a late
quote from the previous session.
 * Growing inflation expectations are being factored into
gold. For a graph showing the correlation between the 10-year
TIPS and gold prices, click here:
 here
 * COMEX estimated 1 p.m. volume at 101,342 lots.
 * Spot gold XAU= at $1,100.85 an ounce at 2:08 p.m. EST
(1908 GMT), up from $1,096.30 late in the previous session in
New York.
 * London's afternoon gold fix XAUFIX=  $1,106.75 an
ounce.
 SILVER
 * December silver SIZ9 ends up 10.50 cents at $17.480 an
ounce, up with gold.
 * Range ran from $17.425 to $17.780.
 * COMEX estimated 1 p.m. volume at 20,528 lots.
 * Spot silver XAG= was at $17.49, up from $17.38 in the
previous session in New York.
 * London silver fix XAGFIX= was set at $17.680.
 PLATINUM
 * January platinum PLF0 finishes up $19, or 1.4 percent,
at $1,367.20 an ounce, up as precious metals rally.
 * Spot platinum XPT= $1,353 an ounce.
 PALLADIUM
 * December palladium PAZ9 closes up $5.25, or 1.6
percent, at $335.95 an ounce, tracking platinum.
 * Spot palladium XPD= $330 an ounce.
                     Close  Change   Pct     2008    YTD
                                     Chg   Close   % Chg
US gold      GCZ9    1101.40     5.7   0.5   884.3    24.6
US silver    SIZ9     17.480   0.105   0.6  11.295    54.8
US platinum  PLF0    1367.20   19.00   1.4  941.50    45.2
US palladium PAZ9     335.95    5.25   1.6  188.70    78.0
Prices at 2:09 p.m. EST (1909 GMT)
Gold         XAU=    1100.65    4.35   0.4  878.20    25.3
Silver       XAG=      17.48    0.10   0.6   11.30    54.7
Platinum     XPT=    1352.50   10.00   0.7  924.50    46.3
Palladium    XPD=     330.00   2.500   0.8  184.50    78.9
Gold Fix     XAUFIX= 1106.75   -1.75  -0.2  836.50    32.3
Silver Fix   XAGFIX=   17.68   15.50   0.9   14.76    19.8
Platinum Fix XPTFIX= 1355.00    5.00   0.4    1529   -11.4
Palladium FixXPDFIX=  333.00    1.50   0.5   365.0    -8.8
 (Reporting by Frank Tang; editing by Marguerita Choy)






 
 
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