US gold rises above $1,010 on dollar deterioration

NEW YORK, Sept 11 (Reuters) - U.S. gold futures broke above
$1,010 an ounce on Friday, reaching their highest level since
February, as a steadily weakening dollar increased the status
of bullion as an alternative investment.

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

GOLD

* December gold GCZ9 up $13.80, or 1.4 percent, at
$1,010.60 an ounce at 10:26 a.m. EDT (1426 GMT) on the COMEX
division of the New York Mercantile Exchange.

* Ranged from $996.30 to $1,013.70, which marked the
highest level since Feb. 20.

* The U.S. dollar fell to a one-year low against major
currencies as optimism about the outlook for the global economy
encouraged investors to favor higher yielding currencies and
stocks instead of the safety of the greenback. [USD/]

* Gold continues its steady upward move, helped by
technical buying, stronger euro and crude oil rally - George
Gero, vice president of RBC Capital Markets Global Futures.

* COMEX gold open interest continues to expand, signaling
strong investment demand from funds - Gero.

* COMEX estimated 9 a.m. volume at 47,223 lots.

* Gold/oil ratio at 13.96, down from the previous session's
13.89.

* Spot gold XAU= at $1,007.90 an ounce, against $995.50
in the previous session in New York.

* London afternoon gold fix XAUFIX= was at $1,008.25 an
ounce.

SILVER

* December silver SIZ9 tracked gold to climb above $17 an
ounce earlier in the session. It was up 22 cents, or 1.3
percent, at $16.890 an ounce on strong investment demand.

* Silver futures recently have outperformed gold, helped by
better economic sentiment. Usually less-liquid silver has the
characteristics of both precious and industrial metals.

* Ranged from $16.645 to $17.015 an ounce.

* COMEX estimated 9 a.m. volume at 11,137 lots.

* Spot silver XAG= at $16.86 an ounce, versus its
previous close of $16.68.

* London silver fix XAGFIX= was at $16.89 an ounce.

PLATINUM

* October platinum PLV9 up $27.60, or 2.1 percent, at
$1,317.30 an ounce as signs of economic recovery helped
platinum's appeal as both an industrial and precious metal.

* Spot platinum XPT= at $1,307.50 an ounce against
$1,284.

PALLADIUM

* December palladium PAZ9 up $2.55 to $296 an ounce,
tracking platinum.

* Spot palladium XPD= at $293.50 an ounce, against its
previous finish of $288.50.
Prices at 10:26 a.m. EDT (1426 GMT)

Last Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1010.50 13.70 1.4 884.30 14.3
US silver SIZ9 16.910 0.240 1.4 11.295 49.7
US platinum PLV9 1321.10 31.40 2.4 941.50 40.3
US palladium PAZ9 296.00 2.55 0.9 188.70 56.9
Gold XAU= 1008.60 13.10 1.3 878.200 14.8
Silver XAG= 16.87 0.19 1.1 11.30 49.3
Platinum XPT= 1310.50 26.50 2.1 924.50 41.8
Palladium XPD= 293.00 4.50 1.6 184.50 58.8
Gold Fix XAUFIX= 1008.25 17.50 1.8 836.50 20.5
Silver Fix XAGFIX= 16.890 0.800 5.0 14.760 14.4
Platinum Fix XPTFIX= 1279.00 0.00 0.0 1529.00 -16.4
Palladium Fix XPDFIX= 290.00 0.00 0.0 365.00 -20.5
(Reporting by Frank Tang; Editing by Marguerita Choy)