Capital Gold Group Report: US gold hits record high, near $1,120 an ounce

Share
Wed Nov 11, 2009 10:54am EST 

  NEW YORK, Nov 11 (Reuters) - U.S. gold futures hit a recordhigh near $1,120 an ounce on Wednesday, boosted by a dollardecline and strong investment demand spurred by renewedinterest 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 YorkMercantile Exchange.
 * Range spanned $1,105.60 to $1,119.10 -- an all-timehigh.
 * Gold, equities and other commodities rose sharply as thedollar fell to a 15-month low against major currencies.
 * Euro rises above $1.50 against the dollar, lendingsupport to gold and other dollar-denominated commodities.
 * Downbeat economic views by U.S. Federal Reserve officialsand bullish Chinese economic data increase risk appetite.
 * Low U.S. interest rates, economic uncertainty andgeopolitical tension should support gold - MF Global.
 * Gold-to-oil ratio down at 13.87 against 13.98 -- a latequote 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 anounce.
 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 theprevious 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'sstrength.
 * 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  % ChgUS gold       GCZ9    1117.50   15.00   1.4   884.30   26.4US silver     SIZ9     17.710   0.488   2.8   11.295   56.8US platinum   PLF0    1374.60   23.40   1.7   941.50   46.0US palladium  PAZ9     346.90   11.70   3.5   188.70   83.8Gold          XAU=    1116.80   11.50   1.0   878.20   27.2Silver        XAG=      17.68    0.36   2.1    11.30   56.5Platinum      XPT=    1368.10   18.60   1.4   924.50   48.0Palladium     XPD=     343.50   12.00   3.6   184.50   86.2Gold Fix      XAUFIX= 1115.25    0.50   0.0   836.50   33.3Silver Fix    XAGFIX=   17.63   37.00   2.1    14.76   19.4Platinum Fix  XPTFIX= 1365.00    0.00   0.0  1529.00  -10.7Palladium Fix XPDFIX=  340.00    2.00   0.6   365.00   -6.8 (Reporting by Frank Tang; Editing by Lisa Shumaker)









Capital Gold Group, gold group, gold, gold prices, gold news, gold coins, gold bullion, gold IRA, IRA gold
Share
This entry was posted in Capital Gold Group Gold News and tagged , , , , , , , , . Bookmark the permalink.

Comments are closed.