US gold retreats from record high as dollar rises
NEW YORK, Nov 12 (Reuters) - New York gold futures fell on Thursday, retreating from record highs set early in the session as the market took a breather after the dollar rose broadly on signs that U.S. job losses are slowing.
For the latest detailed report, click on [GOL/].
GOLD
* COMEX December gold GCZ9 down 80 cents at $1,113.80 an ounce at 10:26 a.m. EST (1526 GMT) on the New York Mercantile Exchange.
* Range spanned $1,100.20 to $1,123.40 -- an all-time high.
* Gold, oil and other commodities drop as the dollar rebounds after lower-than-expected U.S. jobless claims data.
* Downbeat economic views by U.S. policymakers signal quantitative easing will not end soon, underpinning gold.
* Gold demand likely to benefit if risk trade increases amid economic optimism - James Steel at HSBC.
* Gold-to-oil ratio down at 14.35 against 14.09 -- a late quote from the previous session.
* COMEX estimated 10 a.m. volume at 92,089 lots.
* Spot gold XAU= at $1,112.70 an ounce, compared with $1,117.45 late in the previous session in New York.
* London's afternoon gold fix XAUFIX= at $1,114.75 an ounce.
SILVER
* December silver SIZ9 down 11.20 cents at $17.425 an ounce, down with gold.
* Ranged from $17.350 to $17.780.
* COMEX estimated 10 a.m. volume at 21,200 lots.
* Spot silver XAG= was at $17.41 against $17.57 in the previous session in New York.
* London silver fix XAGFIX= at $17.510.
PLATINUM
* January platinum PLF0 down $4.60 at $1,365 an ounce on profit taking, tracking gold's weakness.
* Spot platinum XPT= $1,356 an ounce.
PALLADIUM
* December palladium PAZ9 up $6.70, or 1.9 percent, at $352.10 an ounce, rising sharply for a second day on investment demand.
* Spot palladium XPD= $351.60 an ounce. Prices at 10:20 a.m. EST (1520 GMT)
Last Change Pct 2008 YTD
Chg Close % Chg US gold GCZ9 1112.50 -2.10 -0.2 884.30 25.8 US silver SIZ9 17.395 -0.142 -0.8 11.295 54.0 US platinum PLF0 1367.90 -1.70 -0.1 941.50 45.3 US palladium PAZ9 353.65 8.25 2.4 188.70 87.4 Gold XAU= 1111.80 -5.65 -0.5 878.20 26.6 Silver XAG= 17.36 -0.21 -1.2 11.30 53.6 Platinum XPT= 1360.90 -7.10 -0.5 924.50 47.2 Palladium XPD= 351.40 9.90 2.9 184.50 90.5 Gold Fix XAUFIX= 1114.75 -1.25 -0.1 836.50 33.3 Silver Fix XAGFIX= 17.51 -12.00 -0.7 14.76 18.6 Platinum Fix XPTFIX= 1365.00 2.00 0.1 1529.00 -10.7 Palladium Fix XPDFIX= 354.50 3.50 1.0 365.00 -2.9 (Reporting by Frank Tang)
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