U.S. gold hits record $1,174/oz as dollar slides

NEW YORK, Nov 23 (Reuters) - U.S. gold futures hit record
highs above $1,170 an ounce on Monday, gaining more than 2
percent, as the dollar weakened broadly on expectations that
U.S. interest rates would stay low for some time.

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

GOLD

* COMEX December gold GCZ9 up $25, or 2.2 percent, at
$1,171.80 an ounce at 9:57 a.m. EST (1457 GMT) on the NYMEX.

* Range from $1,151.60 to $1,174 -- an all-time high.

* Gold's gains accelerate as the dollar extends losses
after St. Louis Federal Reserve President James Bullard's
dovish comments on interest rates. [ID:nN22246631]

* Market sentiment very positive as gold held firm despite
strong dollar and weak oil last week - Barclays.

* Technical buying seen after gold ended higher for a third
consecutive session on a weekly basis last week.

* December $1,200 call strike options set to expire
worthless on Monday after COMEX settlement - option traders.

* Speculative net long positions in gold provided by CFTC
edge lower for a fifth straight week as new short positions
emerge - Barclays.

* Gold-to-oil ratio at 14.67, down from the previous
session's 14.93, as oil outperforms gold on Monday.

* Spot gold XAU= at $1,170.30 an ounce, compared with
$1,148.20 late in the previous session in New York.

* London's afternoon gold fix XAUFIX= at $1,169.50 an
ounce.

* For a gold price interactive graphic:
here >

SILVER

* December silver SIZ9 up 40.5 cent, or 2.2 percent, at
$18.845 an ounce, tracking gold's rally.

* Ranged from $18.525 to $18.935 -- highest price since
July 2008.

* Spot silver XAG= was at $18.82, against $18.46 in the
previous session in New York.

* London silver fix XAGFIX= at $18.76.

PLATINUM

* January platinum PLF0 up $35.30, or 2.5 percent, at
$1,477.20 an ounce as broad-based economic optimism boosts
platinum's autocatalyst demand.

* Spot platinum XPT= $1,470.80 an ounce.

PALLADIUM

* December palladium PAZ9 up $10.10, or 2.8 percent, at
$374.45 an ounce on platinum's strength.

* Spot palladium XPD= $371 an ounce.
Prices at 10:14 a.m. EST (1514 GMT)

Last Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1172.40 25.60 2.2 884.30 32.6
US silver SIZ9 18.855 0.415 2.3 11.295 66.9
US platinum PLF0 1477.20 35.30 2.5 941.50 56.9
US palladium PAZ9 374.55 10.20 2.8 188.70 98.5
Gold XAU= 1171.95 23.75 2.1 878.20 33.4
Silver XAG= 18.82 0.36 2.0 11.30 66.5
Platinum XPT= 1472.00 31.00 2.2 924.50 59.2
Palladium XPD= 372.30 11.30 3.1 184.50 101.8
Gold Fix XAUFIX= 1169.50 3.50 0.3 836.50 39.8
Silver Fix XAGFIX= 18.76 58.00 3.2 14.76 27.1
Platinum Fix XPTFIX= 1464.00 5.00 0.3 1529.00 -4.3
Palladium Fix XPDFIX= 370.00 0.00 0.0 365.00 1.4
(Reporting by Frank Tang; Editing by Walter Bagley)
((frank.tang@thomsonreuters.com; +1 646 223 6126; Reuters
Messaging: frank.tang.reuters.com@reuters.net))
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