US gold rises above $1,060/oz as dollar slides

NEW YORK, Nov 2 (Reuters) - U.S. gold futures rallied above
$1,060 an ounce on Monday, trading at their highest level in
more than a week as the dollar tumbled against the euro on
strong U.S. economic indicators.

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

GOLD

* December gold GCZ9 up $21.50, or 2.1 percent, at
$1,061.90 an ounce at 10:13 a.m. EST (1513 GMT) on the COMEX
division of NYMEX.

* Ranged from $1,042.20 to $1,063.40 -- highest since Oct.
23. December scaled a record high $1,072 on Oct. 14.

* Gold extends gains on weak dollar after a flurry of
optimistic U.S. manufacturing activity and home sales reports.

* Dollar slides nearly 1 pct versus the euro based on
economic optimism, boosting gold and equities.

* Technical analysts pegged gold's near-term support at
$1,025 to $1,026.

* COMEX net long noncommercial, or speculative, positions
eased in the week up to Oct. 27 - CFTC data.

* Metal ignores lagging investment demand. SPDR Gold Trust
posted outflow of nearly 1 tonne as of Oct. 30.

* Gold BUGS index .HUI rebounds 4 percent, after gold
stocks were clobbered in a stock market rout on Friday.

* Gold has recently moved in tandem with equities.
Bullion's unusual link to the stock market driven by economic
uncertainties.

* Crude oil up over $1 to $78 a barrel, supporting gold.

* Gold-to-oil ratio at 13.58, up from 13.53 from the
previous session.

* Spot gold XAU= at $1,061.65 an ounce, against $1,044.40
late in New York in the previous session.

* London's afternoon gold fix XAUFIX= at $1,062.

SILVER

* December silver SIZ9 up 44.50 cents, or 2.7 percent, at
$16.70 an ounce, rising with gold.

* Ranged from $16.275 to $16.735.

* Spot silver XAG= was at $16.68 versus $16.27 in the
previous session in New York.

* London silver fix XAGFIX= at $16.58.

PLATINUM

* January platinum PLF0 up $12.90 at $1,339.20 an ounce
on broad-based economic optimism.

* Spot platinum XPT= was at $1,334.50, compared with late
previous session quote of $1,322.50 in New York.

PALLADIUM

* December palladium PAZ9 up $3.75, or 1.2 percent, at
$327 on ounce, tracking platinum.

* Spot palladium XPD= was at $323, compared with the
previous session's close at $318.50.
Prices at 10:15 a.m. EST (1515 GMT)

Last Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1061.60 21.20 2.0 884.30 20.0
US silver SIZ9 16.670 0.415 2.6 11.295 47.6
US platinum PLF0 1338.70 12.40 0.9 941.50 42.2
US palladium PAZ9 326.00 2.75 0.9 188.70 72.8
Gold XAU= 1060.90 16.50 1.6 878.20 20.8
Silver XAG= 16.62 0.35 2.2 11.30 47.1
Platinum XPT= 1331.50 9.00 0.7 924.50 44.0
Palladium XPD= 323.00 4.50 1.4 184.50 75.1
Gold Fix XAUFIX= 1062.00 10.00 1.0 836.50 27.0
Silver Fix XAGFIX= 16.58 1.00 0.1 14.76 12.3
Platinum Fix XPTFIX= 1330.00 4.00 0.3 1529.00 -13.0
Palladium Fix XPDFIX= 324.00 2.00 0.6 365.00 -11.2
(Reporting by Frank Tang; Editing by Lisa Shumaker)