NEW YORK, Oct 8, 2009 (Reuters) - U.S. gold futures rose torecord highs for a third straight day on Thursday as a bearishoutlook for the U.S. currency prompted investors to buy themetal as a hedge against losses in dollar-denominated assets.
For the latest detailed report, click on [GOL/].
GOLD
* Most-active December gold futures GCZ9 up $6.30 at$1,050.70 an ounce at 10:58 p.m. EDT (1458 GMT) on the COMEXdivision of the New York Mercantile Exchange.
* Ranging from $1,043.80 to $1,059.60 - a new record high.
* Gold continued to closely track currency marketmovements.
* The dollar fell broadly on Thursday as rising equitymarkets fueled demand for riskier assets at the expense of thesafe-haven U.S. currency.
* The euro rose to session highs against the dollar asEuropean Central Bank President Jean-Claude Trichet's comments,after the ECB left interest rates unchanged at a record low of1 percent.
* Cheap interest rates make it easy to buy gold forinvestors, as they prepare for possible future inflation -George Gero, vice president of RBC Capital Markets GlobalFutures.
* Demand for gold-backed exchange-traded funds climbed,with the largest, New York's SPDR Gold Trust GLD, reporting afourth straight day of inflows on Tuesday. [GOL/SPDR]
* Investors in SPDR Gold Trust bought nearly 14 tonnes ofgold, lifting its holdings 1.3 percent, in the week toTuesday. XAUEXT-NYS-TT
* Oil prices rose about $1.50 to $71 a barrel.
* Gold-to-oil ratio at 14.79, up from the previoussession's 14.72.
* COMEX estimated 10 a.m. volume at 114,315 lots.
* Spot gold was at $1,048.30 an ounce, against its previousfinish of $1,043.70 quoted late in New York.
* London afternoon gold fix XAUFIX= was at $1,045.
SILVER
* December silver SIZ9 up 22 cents, or 1.3 percent, at$17.725 an ounce, up with gold.
* Ranged from $17.530 to $17.930, the highest price sinceAugust 2008.
* COMEX estimated 10 a.m. volume at 21,360 lots.
* Spot silver XAG= was at $17.68, versus its previousfinish of 17.55 an ounce.
* London silver fix XAGFIX= at $17.80 an ounce.
PLATINUM
* January platinum PLF0 up $16.30, or 1.2 percent, at$1,344 an ounce on improving physical demand.
* Better jewelry buying supported platinum group metals -Gero.
* Spot platinum XPT= was at $1,333.50, compared with itsprevious finish of $1,326.
PALLADIUM
* December palladium PAZ9 up $4.95, or 1.6 percent, at$319 an ounce, up with platinum.
* Spot palladium XPD= was at $314.50, against itsprevious close of $311.Prices at 10:58 a.m. EDT (1458 GMT)
Last Change Pct 2008 YTD
Chg Close % ChgUS gold GCZ9 1050.70 6.30 0.6 884.30 18.8US silver SIZ9 17.750 0.250 1.4 11.295 57.1US platinum PLF0 1342.00 14.30 1.1 941.50 42.5US palladium PAZ9 319.00 4.95 1.6 188.70 69.1Gold XAU= 1049.45 5.75 0.6 878.20 19.5Silver XAG= 17.72 0.17 1.0 11.30 56.8Platinum XPT= 1335.00 9.00 0.7 924.50 44.4Palladium XPD= 315.50 4.50 1.4 184.50 71.0Gold Fix XAUFIX= 1045.00 -9.75 -0.9 836.50 24.9Silver Fix XAGFIX= 17.80 40.00 2.3 14.76 20.6Platinum Fix XPTFIX= 1335.00 1.00 0.1 1529.00 -12.7Palladium Fix XPDFIX= 317.50 1.50 0.5 365.00 -13.0 Capital Gold Group, gold group, gold, gold prices, gold news, gold coins, gold bullion, gold IRA, IRA gold
