Gold rises to track firm oil, dollar may limit gains

SINGAPORE, Aug 27 (Reuters) - Gold extended gains on
Wednesday as fears of rising inflation spurred buying from
speculators, but a strong U.S. dollar may limit gains.

-- Gold XAU= rose to $826.15/827.15 an ounce from
$822.90/824.30 an ounce late in New York on Tuesday, when it
gained more than $2 an ounce.

-- Oil rose on Tuesday as Hurricane Gustav churned through
the Caribbean and took aim at U.S. oil and natural gas
installations in the Gulf of Mexico. [O/R]

-- The dollar climbed to six-month highs against the euro
on Tuesday, boosted by a jump in U.S. consumer confidence and
expectations of euro-zone interest rate cuts as investors
braced for a possible recession in the region. [USD/]

-- The new benchmark contract on the Tokyo Commodity
Exchange, August 2009 JAUc6, stood at 2,922 yen per gram
after opening at 2,926 yen.

-- Gold futures for December delivery GCZ8 on the COMEX
division of the New York Mercantile Exchange added $2.7 an
ounce to $830.80.

-- Spot platinum XPT= rose to $1,425.50/1,445.50 an ounce
from $1,409.50/1,429.50 late in New York.

-- Spot palladium XPD= inched up to $287.50/295.50 an
ounce from $282.00/290.00 an ounce.

-- Silver XAG= firmed to $13.60/13.66 an ounce from
$13.56/13.64 an ounce late in New York.
Precious metals prices at 0032 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 825.75 1.95 +0.24 -0.83
Spot Silver 13.60 0.04 +0.29 -7.92
Spot Platinum 1425.50 15.50 +1.10 -6.22
Spot Palladium 287.50 5.50 +1.95 -21.88
Euro/Dollar 1.4697
Dollar/Yen 109.35

(Reporting by Lewa Pardomuan; Editing by Kim Coghill)