US gold hits fresh record highs on dollar weakness

NEW YORK, Nov 4 (Reuters) - U.S. gold futures hit fresh
record highs on Wednesday for a second straight day and are
approaching $1,100 an ounce, as a weaker dollar boosted the
metal's appeal as a hedge against currency depreciation.

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

GOLD

* December gold GCZ9 up $9.90 at $1,094.80 an ounce at
10:42 a.m. EST (1542 GMT) on the COMEX division of the New York
Mercantile Exchange.

* Range from $1,080.50 to $1,096.50.

* Gold boosted by economic optimism on a Wall Street rally,
which erodes the dollar's safe-haven appeal.

* Dollar at session lows against euro following an
optimistic U.S. non-manufacturing economic indicator. [USD/]

* Sentiment strong on expectations of renewed central bank
interest after IMF sold 200 tonnes of gold to India on Monday.

* Gold boosted on the notion that India could buy more from
the IMF, or more IMF gold could be sold to central banks
without weighing down on the open market - traders.

* COMEX estimated 10 a.m. volume at a busy 123,070 lots.

* Rising oil supports gold. U.S. crude oil rose over $1 to
above $80 a barrel.

* Gold-to-oil ratio at 13.53, down from 13.67 in the
previous session.

* Spot gold XAU= was at $1,091.70 per ounce, up from
$1,084.50 quoted late in the previous session in New York.

* London's afternoon gold fix XAUFIX= at $1,090.

SILVER

* December silver SIZ9 up 34.5 cents, or 2 percent, at
$17.525 an ounce, rising with gold.

* Range from $17.105 to $17.635.

* COMEX estimated 10 a.m. volume at 24,635 lots.

* Spot silver XAG= was at $17.53, versus $17.20 in the
previous session in New York.

* London silver fix XAGFIX= at $17.48.

PLATINUM

* January platinum PLF0 up $21, or 1.6 percent, at
$1,377.20 an ounce, up on encouraging U.S. auto sales.

* Spot platinum XPT= was at $1,370, compared with late
previous session quote of $1,355.50 in New York.

PALLADIUM

* December palladium PAZ9 up $4, or 1.2 percent, at
$331.75 an ounce on platinum's gains.

* Spot palladium XPD= was at $329.50, compared with the
previous session's close at $324.50.
Prices at 10:42 a.m. EST (1542 GMT)

Last Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1094.40 9.50 0.9 884.30 23.8
US silver SIZ9 17.585 0.405 2.4 11.295 55.7
US platinum PLF0 1378.80 22.60 1.7 941.50 46.4
US palladium PAZ9 332.60 4.85 1.5 188.70 76.3
Gold XAU= 1093.10 8.60 0.8 878.20 24.5
Silver XAG= 17.55 0.35 2.0 11.30 55.3
Platinum XPT= 1371.00 15.50 1.1 924.50 48.3
Palladium XPD= 330.00 5.50 1.7 184.50 78.9
Gold Fix XAUFIX= 1090.00 -1.75 -0.2 836.50 30.3
Silver Fix XAGFIX= 17.48 113.00 6.9 14.76 18.4
Platinum Fix XPTFIX= 1359.00 1.00 0.1 1529.00 -11.1
Palladium Fix XPDFIX= 330.00 1.00 0.3 365.00 -9.6
(Reporting by Frank Tang; Editing by Lisa Shumaker)