Capital Gold Group Report: Weak dollar, oil turnaround lift US gold futures

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 NEW YORK, Oct 5 (Reuters) - Gold futures rose toward $1,020an ounce on Monday, gaining more than 1 percent on acombination of the dollar weakness, a late rally in crude oilprices and lingering economic uncertainty.
 For the latest detailed report, click on [GOL/].
 GOLD
 * December gold futures GCZ9 settled up $13.50, or 1.3percent, at $1,017.80 an ounce on the COMEX division of the NewYork Mercantile Exchange.
 * Ranging from $1,001.60 to $1,018.90, the highest pricesince Sept. 24.
 * Jittery investors bought gold due to a weaker dollar,turnaround in oil prices and geopolitical tensions in theMiddle East - Bruce Dunn, vice president of trading at AurametTrading.
 * The dollar fell against the euro and a basket ofcurrencies on Monday after a meeting of Group of Seven financechiefs reinforced the market's view that policy-makers arecomfortable with a gradually weakening dollar. [USD/]
 * Precious metals should be well supported this month withreinforcement coming from expected weakness in the dollar andimproving jewelry demand from key consumer India - TomPawlicki, precious metals and energy analyst at MF Global.
 * Bullion holdings of the world's largest bullion-backedexchange-traded fund, New York's SPDR Gold Trust GLD, edgedup 1.221 tonnes or 0.1 percent on Friday. XAUEXT-NYS-TT
 * Oil prices turned higher amid economic optimism. U.S.crude oil futures CLc1 rose above $70 a barrel.
 * Gold-to-oil ratio at 14.41, up slightly from the previoussession's 14.40.
 * COMEX estimated 1 p.m. volume at 93,990 lots.
 * Spot gold XAU= was at $1,016.35 an ounce at 2:44 p.m.EDT (1844 GMT) versus $1,001.30, the previous session's lateNew York quote.
 * London afternoon gold fix XAUFIX= was at $1,005.50.









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