Capital Gold Group Report: US gold above $1,100/oz; new record on dollar drop

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Mon Nov 9, 2009 4:12pm GMT

 NEW YORK, Nov 9 (Reuters) - U.S. gold futures rose to arecord high $1,111.70 an ounce Monday as the dollar tumbled onexpectations of continued ample money supply and low U.S.interest rates after a weekend Group of 20 meeting.
 For the latest detailed report, click on [GOL/].
 GOLD
 * COMEX December gold GCZ9 up $10.30 at $1,106.70 anounce at 10:31 a.m. EST (1531 GMT).
 * Range spanned $1,096 to all-time high $1,111.70
 * Gold up with equities, oil and other commodities as thedollar index fell 1 percent against major currencies after aweekend G20 meeting. [USD/]
 * Currency and inflation worries boost gold due to monetaryeasing and fiscal spending expectations after G20 - NicholasBrooks, head of research and investment strategy at ETFSecurities.
 * Gold on its own for now but could correct at some pointif the dollar rebounds - Heraeus.
 * China should not buy gold from the IMF and should waitfor the price to drop - ex official. [ID:nPEK352010]
 * Gold-to-oil ratio down at 13.97 against 14.15 -- a latequote from the previous session.
 * COMEX estimated 9 a.m. volume at 65,241 lots.
 * Spot gold XAU= at $1,105.45 an ounce, up from $1,096.30late in the previous session in New York.
 * London's afternoon gold fix XAUFIX=  $1,106.75 anounce.









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