U.S. gold ends near 3-week lows on dollar rally
NEW YORK, Oct 27 (Reuters) - New York gold futures fell to a three-week low Tuesday, ending lower for a second straight session, as a resurgent dollar amid disappointing consumer confidence data weakened bullion's status as a hedge against a depreciating U.S. currency.
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GOLD
* December GCZ9 settled down $7.40 at $1,035.40 an ounce on the COMEX division of the New York Mercantile Exchange .
* Range from $1,044.30 to $1,032.90 -- the weakest price since Oct. 6. December scaled a record high $1,072 on Oct. 14.
* Dollar jumps against the euro after U.S. consumer confidence data fell to lower-than-expected levels in October.
* Technical weakness suggests a further pullback in gold, which could correct lower to $1,030.05 - CitiFX.
* Gold in "shallow correction," could test $1,000 in coming weeks, if support from equities market absent - Lind-Waldock.
* Traders dispel idea that COMEX November gold and silver option expirations Tuesday will add price volatility.
* Gold-to-oil ratio at just above 13 at 13.02, down from previous session's 13.26.
* COMEX estimated 1 p.m. volume at 138,132 lots.
* Spot gold XAU= at $1,038.70 an ounce at 2:55 p.m. EDT (1855 GMT), against $1,037.10 late in New York in the previous session.
* London gold fix XAUFIX= $1,036.50.
SILVER
* December SIZ9 finishes down 55.5 cents, or 3.3 percent, at 16.540 an ounce, down with gold.
* Ranged $17.250 to $16.500.
* COMEX estimated 1 p.m. volume at 49,554 lots.
* Spot silver XAG= was at $16.61 versus its previous finish of $17.05 an ounce.
* London silver fix XAGFIX= at $17.06.
PLATINUM
* January platinum PLF0 ends down $26.80, or 2 percent, at $1,319 an ounce, tracking weak industrial metals.
* Spot platinum XPT= was at $1,316.50, compared with its previous finish of $1,330.50.
PALLADIUM
* December palladium PAZ9 closes down $2.70 at $330.55 an ounce in sympathy with platinum.
* Spot palladium XPD= was at $325.50 compared with its previous session close at $329.50.
Close Change Pct 2008 YTD
Chg Close % Chg US gold GCZ9 1035.40 -7.4 -0.7 884.3 17.1 US silver SIZ9 16.540 -0.555 -3.2 11.295 46.4 US platinum PLF0 1319.00 -26.80 -2.0 941.50 40.1 US palladium PAZ9 330.55 -2.70 -0.8 188.70 75.2 Prices at 2:50 p.m. EDT (1850 GMT) Gold XAU= 1038.30 1.20 0.1 878.20 18.2 Silver XAG= 16.60 -0.45 -2.6 11.30 46.9 Platinum XPT= 1315.50 -15.00 -1.1 924.50 42.3 Palladium XPD= 325.50 -4.000 -1.2 184.50 76.4 Gold Fix XAUFIX= 1036.50 -4.25 -0.4 836.50 23.9 Silver Fix XAGFIX= 17.06 -55.00 -3.1 14.76 15.6 Platinum Fix XPTFIX= 1323.00 5.00 0.4 1529 -13.5 Palladium FixXPDFIX= 328.00 2.00 0.6 365.0 -10.1 (Reporting by Frank Tang; Editing by Walter Bagley)
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