US gold ends up on dollar drop, technical support
NEW YORK, Nov 13 (Reuters) - New York gold futures ended higher on a dollar drop Friday, and a strong finish above $1,100 an ounce driven by currency hedge demand and central bank interest should support the market next week, traders said.
For the latest detailed report, click on [GOL/].
GOLD
* COMEX December gold GCZ9 climbed $10.10 to settle at $1,116.70 an ounce at on the NYMEX.
* Range spanned from $1,101.20 to $1,117.40. December hit an all-time high $1,123.40 on Thursday.
* A lower dollar supports gold. The greenback dropped broadly after data showed U.S. trade deficit widened.
* Gold initially lacked a clear direction as dollar briefly pared losses after disappointing U.S. consumer sentiment data.
* A Friday close above key technical level $1,100 should indicate buying interest - Adam Klopfenstein at Lind-Waldock.
* Sentiment upbeat on potential interest by other central banks after IMF sold 200 tonnes of gold to India last week.
* Gold to trade sideways if dollar does not significantly improve and crude holds ground - Frank McGhee at Integrated Brokerage Services.
* COMEX estimated 1 p.m. volume at 126,346 lots.
* Spot gold XAU= at $1,116.30 an ounce, compared with $1,103.60 late in the previous session in New York.
* London's afternoon gold fix XAUFIX= at $1,104 an ounce.
SILVER
* December silver SIZ9 firmed 11.5 cents to $17.38 an ounce, tagging on gold's positive turnaround.
* Ranged from $17.025 to $17.445.
* COMEX estimated 1 p.m. volume at 34,587 lots.
* Spot silver XAG= was at $17.35 against $17.21 in the previous session in New York.
* London silver fix XAGFIX= at $17.3225.
PLATINUM
* January platinum PLF0 jumped $25.50, or 1.9 percent, to end at $1,388.70 an ounce on better investor sentiment.
* Spot platinum XPT= $1,382 an ounce.
PALLADIUM
* December palladium PAZ9 up $5.85 at $356.75 an ounce, extending the previous sessions' strong rally on strong investment buying.
* Spot palladium XPD= $354 an ounce. (Reporting by Frank Tang; Editing by Marguerita Choy)
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