Capital Gold Group Report: US gold up despite dollar rise; sentiment strong

By John Jameson on November 20, 2009 3:11 PM | Permalink

Fri Nov 20, 2009 3:35pm EST 

  NEW YORK, Nov 20 (Reuters) - U.S. gold futures ended higher
for a sixth straight session  on Friday despite a dollar rise,
and a late session rally in the face of a stronger dollar could
boost sentiment early next week, traders said.

 For the latest detailed report, click on [GOL/].

 GOLD

  * COMEX December gold GCZ9 settles up $4.90 at $1,146.80
an ounce on the NYMEX.

 * Range spanned from $1,132.50 to $1,148.50. It hit a
record $1,153.40 set on Wednesday.

 * After Friday's settlement, December hit a high
$1,150.50.

 * Gold initially pressured as the dollar rose for a second
straight session as investors cut risk exposure. [USD/]

 * Technical buying and short covering started late session
rally - Frank McGhee at Integrated Brokerage Services.

 * Strong buying may boost prices early next week - McGhee.

 * Gold ended higher than a week earlier for a third
straight session.

 * Gold's ability to stem losses despite weaker equities and
oil prices drop signal strong buying interest - traders.

 * December $1,200 call strike options set to expire
worthless on Monday, despite strong open interest - option
traders.

 * Gold-to-oil ratio at 14.93, up from the previous
session's 14.74.

 * COMEX estimated final volume at 192,162 lots.

 * Spot gold XAU= at $1,149.45 an ounce at 3:25 p.m. EST
(2025 GMT), compared with $1,143.50 late in the previous
session in New York.

 * London's afternoon gold fix XAUFIX= at $1,140 an
ounce.

 SILVER

 * December silver SIZ9 ends down 1.5 cent at $18.440 an
ounce, tracking gold's weakness.

 * Ranged from $18.035 to $18.595.

 * COMEX estimated final volume at 51,595 lots.

 * Spot silver XAG= was at $18.46 against $18.51 in the
previous session in New York.

 * London silver fix XAGFIX= at $18.18.

 PLATINUM

 * January platinum PLF0 finishes down $2 at $1,441.90 an
ounce on broad-based commodities weakness amid a strong
dollar.

 * Spot platinum XPT= $1,442.50 an ounce.

 PALLADIUM

 * December palladium PAZ9 closes down $5.55, or 1.5
percent, at $364.35 an ounce on platinum's weakness.

* Spot palladium XPD= $361 an ounce.

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This page contains a single entry by John Jameson published on November 20, 2009 3:11 PM.

Capital Gold Group Report: Gold Advances to Record as Investors Seek Dollar ‘Insurance’ was the previous entry in this blog.

Capital Gold Group Report: GOLD INVESTMENTS GO MAINSTREAM is the next entry in this blog.

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Capital Gold Group Report: US gold up despite dollar rise; sentiment strong

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