US gold ends above $1,000/oz in flight to quality

NEW YORK, Sept 11 (Reuters) - U.S. gold futures jumped on
Friday, closing above $1,000 an ounce as a weaker dollar and
inflation fears stirred demand among investors who view bullion
as a safe haven amid economic uncertainties.

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

GOLD

* December gold GCZ9 settled up $9.60, or 1 percent, at
$1,006.40 an ounce on the COMEX division of the New York
Mercantile Exchange.

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

* Friday's settlement marked the first time gold clearly
closed above $1,000 an ounce. The last two times gold rallied
above that level, there were swift price corrections.

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

* Technical buying, a stronger euro and a crude oil rally
boosted gold - George Gero, vice president of RBC Capital
Markets Global Futures.

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

* Current run-up in gold lacks participation of individual
buyers compared to the February's rally, and that makes bullion
vulnerable to a sharp pullback. Gold price, however, should
average at higher prices for the next 6-7 months - Jeffrey
Christian, managing director of CPM Group.

* COMEX estimated final volume at 131,217 lots.

* Gold/oil ratio at 14.53, down from the previous session's
13.89.

* Spot gold XAU= at $1,005.70 an ounce at 3:54 p.m. EDT
(1954 GMT), 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 broke above $17 an ounce earlier
in the session. It ended up 3 cents at $16.700 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 final volume at 25,538 lots.

* Spot silver XAG= at $16.77 an ounce, versus its
previous close of $16.68.

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

PLATINUM

* October platinum PLV9 finished up $31, or 2.4 percent,
at $1,320.70 an ounce as signs of economic recovery helped
platinum's appeal as both an industrial and precious metal.

* Spot platinum XPT= at $1,316 an ounce against $1,284.

PALLADIUM

* December palladium PAZ9 closed up $1.05 at $294.50 an
ounce, tracking platinum.

* Spot palladium XPD= at $290 an ounce, against its
previous finish of $288.50.

Close Change Pct 2008 YTD

Chg Close Pct Chg
US gold GCZ9 1006.40 9.60 1.0 884.30 13.8
US silver SIZ9 16.700 0.030 0.2 11.295 47.9
US platinum PLV9 1320.70 31.00 2.4 941.50 40.3
US palladium PAZ9 294.50 1.05 0.4 188.70 56.1
Prices at 3:54 p.m. EDT (1954 GMT)
Gold XAU= 1005.65 10.15 1.0 878.200 14.5
Silver XAG= 16.76 0.08 0.5 11.30 48.3
Platinum XPT= 1316.00 32.00 2.5 924.50 42.3
Palladium XPD= 290.00 1.50 0.5 184.50 57.2
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= 1292.00 0.00 0.0 1529.00 -15.5
Palladium Fix XPDFIX= 292.00 0.00 0.0 365.00 -20.0
(Reporting by Frank Tang; Editing by David Gregorio)