US gold hits record high, near $1,120 an ounce

Wed Nov 11, 2009 3:54pm GMT
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 NEW YORK, Nov 11 (Reuters) - U.S. gold futures hit a record
high near $1,120 an ounce on Wednesday, boosted by a dollar
decline and strong investment demand spurred by renewed
interest by central banks toward bullion.
 For the latest detailed report, click on [GOL/].
 GOLD
 * COMEX December gold GCZ9 up $14.60, or 1.3 percent, at
$1,117.10 an ounce at 10:14 a.m. EST (1514 GMT) on the New York
Mercantile Exchange.
 * Range spanned $1,105.60 to $1,119.10 -- an all-time
high.
 * Gold, equities and other commodities rose sharply as the
dollar fell to a 15-month low against major currencies.
 * Euro rises above $1.50 against the dollar, lending
support to gold and other dollar-denominated commodities.
 * Downbeat economic views by U.S. Federal Reserve officials
and bullish Chinese economic data increase risk appetite.
 * Low U.S. interest rates, economic uncertainty and
geopolitical tension should support gold - MF Global.
 * Gold-to-oil ratio down at 13.87 against 13.98 -- a late
quote from the previous session.
 * COMEX estimated 10 a.m. volume at 105,931 lots.
 * Spot gold XAU= at $1,115.80 an ounce, compared with
$1,105.30 late in the previous session in New York.
 * London's afternoon gold fix XAUFIX= at $1,115.25 an
ounce.
 SILVER
 * December silver SIZ9 up 48.80 cents, or 2.8 percent, at
$17.710 an ounce, up with gold and other precious metals.
 * Range from $17.330 to $17.725.
 * COMEX estimated 10 a.m. volume at 25,249 lots.
 * Spot silver XAG= was at $17.65, against $17.32 in the
previous session in New York.
 * London silver fix XAGFIX=  at $17.630.
 PLATINUM
 * January platinum PLF0 up $27.90, or 2.1 percent, at
$1,379.10 an ounce on investment buying, tagging on gold's
strength.
 * Spot platinum XPT= $1,365 an ounce.
 PALLADIUM
 * December palladium PAZ9 up $11.30, or 3.4 percent, at
$346.50 an ounce, tracking platinum.
 * Spot palladium XPD= $344.65 an ounce.
Prices at 10:15 a.m. EST (1515 GMT)
                       Last  Change   Pct      2008   YTD
                                      Chg    Close  % Chg
US gold       GCZ9    1117.50   15.00   1.4   884.30   26.4
US silver     SIZ9     17.710   0.488   2.8   11.295   56.8
US platinum   PLF0    1374.60   23.40   1.7   941.50   46.0
US palladium  PAZ9     346.90   11.70   3.5   188.70   83.8
Gold          XAU=    1116.80   11.50   1.0   878.20   27.2
Silver        XAG=      17.68    0.36   2.1    11.30   56.5
Platinum      XPT=    1368.10   18.60   1.4   924.50   48.0
Palladium     XPD=     343.50   12.00   3.6   184.50   86.2
Gold Fix      XAUFIX= 1115.25    0.50   0.0   836.50   33.3
Silver Fix    XAGFIX=   17.63   37.00   2.1    14.76   19.4
Platinum Fix  XPTFIX= 1365.00    0.00   0.0  1529.00  -10.7
Palladium Fix XPDFIX=  340.00    2.00   0.6   365.00   -6.8
 (Reporting by Frank Tang; Editing by Lisa Shumaker)






 
 
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