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