US gold falls 1 pct as dollar rise triggers sales

NEW YORK, May 26 (Reuters) - U.S. gold futures fell 1
percent on Tuesday as a stronger dollar and better economic
sentiment prompted a bout of profit taking following last
week's solid gains.

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

GOLD

* Gold for June delivery GCM9 down $11.20, or 1.2
percent, at $947.70 an ounce at 10:28 a.m. EDT (1428 GMT) on
the COMEX division of the New York Mercantile Exchange.

* Ranged from $936.60 to $960.10.

* New York energy and commodity markets were closed on
Monday for the U.S. Memorial Day holiday, while U.K. markets
were also shut for the Bank Holiday.

* A sharp rebound of the U.S. currency after last week's
weakness sent gold and other dollar-denominated commodities
broadly lower. The dollar, however, pared gains after strong
U.S. consumer confidence data. [USD/]

* A 2 percent rally on Wall Street also lessened safe-have
demand - traders.

* News of rising supply triggered selling. Russian gold
output rose by 37.8 percent to 43.28 tonnes in the first four
months of this year due mainly to the launch of new ore
processing capacities - industry lobby. [ID:nLQ012555]

* Net long positions in gold futures rose 10,707 lots to
149,584 contracts, while open interest climbed 2.3 percent to
367,931 in the week up to May 19 - CFTC's weekly report.
[ID:nN22391365]

* On Friday, holdings of the world's largest, the SPDR Gold
Trust (GLD), climbed to 1,118.76 tonnes, while holdings of gold
ETFs operated by Zurich Cantonal Bank and Julius Baer (BAER.VX)
also rose last week. [ID:nLQ640589]

* First addition of bullion holdings in two months to the
ETFs was a sign of support to the gold market - Jon Nadler,
senior analyst at Kitco Bullion Dealers.

* A ratio of gold to copper is turning up, signaling
renewed concerns on the economic front and financial markets -
CitiFX.

* COMEX estimated 10 a.m. volume at 120,566 lots.

* COMEX gold open interest up 10,987 at 390,923 lots as of
May 21, closing in to the 400,000 mark.

* Gold/oil ratio at 15.43, lower than the 15.52 of the
previous session.

* Spot gold XAU= traded at $949.05 an ounce, down 0.9
percent from its late Friday quote in New York.

* London gold fix XAUFIX= $945 an ounce.

SILVER

* COMEX July silver SIN9 fell on profit taking after
scaling a nine-month high last Friday. It was down 13.5 cents,
or 0.9 percent, at $14.560 an ounce.

* Ranged from $14.310 to $14.780.

* COMEX estimated 10 a.m. volume at 10,527 lots.

* Spot silver XAG= was at $14.52 an ounce, down 1.3
percent from its previous finish.

* London silver fix XAGFIX= at $14.30 an ounce.

PLATINUM

* NYMEX July platinum PLN9 down $22.20, or 1.9 percent,
at $1,137.80 an ounce as the market awaited news from an
expected bankruptcy filing by General Motors Corp (GM.N).

* Spot platinum XPT= at $1,129.00 an ounce, down 1.8
percent from its late Friday quote.

PALLADIUM

* June palladium PAM9 down $1.45 at $232.20 an ounce,
tracking platinum.

* Spot palladium XPD= was at $229.50 an ounce, down 0.9
percent from its previous finish.
(Reporting by Frank Tang; Editing by David Gregorio)