U.S. gold hits record above $1,300 an ounce
NEW YORK, Sept 24 (Reuters) - U.S. gold futures ended higher on Friday, hitting a record above $1,300 an ounce on worries over economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth.
* For the latest detailed report, click on [GOL/].
GOLD
* COMEX December gold futures GCZ0 settled up $1.80 at $1,298.10 an ounce on the COMEX division of the NYMEX.
* Trading ranged from $1,290.60 to $1,301.60 -- a record high.
* Gold benefited from renewed worries about inflation after Friday's better-than-expected durable goods data and rallying grain prices -- Adam Klopfenstein at MF Global's Lind-Waldock.
* Gold's attraction as a hedge against inflation increased after data showed new orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly. [ID:nN24184114]
* Gold has risen more than 4 percent this month and hit record highs in six of the last seven sessions.
* COMEX estimated final gold volume at 105,351 lots, in line with its 30-day average, preliminary Reuters data showed.
* Spot gold XAU= fetched $1,295.60 an ounce by 4:11 p.m. EDT (2011 GMT), up from the previous session's last trade at $1,293.50 an ounce.
* London afternoon gold fix XAUFIX= at $1,290.75 an ounce.
SILVER
* COMEX December silver SIZ0 ended up 18.6 cents at $21.399 an ounce, as gold's rallies to record highs triggered strong investment demand for the white metal.
* Trade ranged from $21.120 to $21.490 an ounce -- the highest level since 1980.
* COMEX estimated final volume at 33,288 lots.
* Spot silver XAG= fetched $21.45 in late New York deals, against $21.14 in the previous session.
* London silver was fixed XAGFIX= at $21.08 an ounce.
PLATINUM
* NYMEX October platinum PLV0 finished down $6.10 at $1,639.80 an ounce as investors took profits after recent gains - traders.
* Spot platinum XPT= at $1,640 an ounce.
PALLADIUM
* NYMEX December palladium PAZ0 closed up $3.65 at $560.50 an ounce, tracking gains in industrial metals.
* Spot palladium XPD= at $556 an ounce. Prices at 3:53 p.m. EDT (1953 GMT)
LAST/ NET PCT YTD
CLOSE CHG CHG CHG US gold GCZ0 1298.10 1.80 0.1% 18.4% US silver SIZ0 21.383 0.189 0.0% 26.9% US platinum PLV0 1639.80 -6.10 -0.4% 11.5% US palladium PAZ0 558.50 3.65 0.7% 36.6% Gold XAU= 1296.15 2.65 0.2% 18.2% Silver XAG= 21.42 0.28 1.3% 27.2% Platinum XPT= 1644.50 6.40 0.4% 12.2% Palladium XPD= 559.50 8.55 1.6% 38.0% Gold Fix XAUFIX= 1297.00 -1.00 -0.1% 17.5% Silver Fix XAGFIX= 21.35 27.00 1.3% 25.7% Platinum Fix XPTFIX= 1645.00 1.00 0.1% 12.2% Palladium Fix XPDFIX= 562.00 4.00 0.7% 39.8% (Reporting by Frank Tang; Editing by Dale Hudson)
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