NEW YORK, Oct 8 (Reuters) - U.S. gold futures rose to an
all-time high above $1,060 an ounce for a third straight day on
Thursday as persistent dollar weakness increased bullion's
appeal as a hedge against losses in dollar-denominated assets.
For the latest detailed report, click on [GOL/].
GOLD
* Most-active December gold futures GCZ9 settled up
$11.90, or 1.1 percent, at $1,056.30 an ounce on the COMEX
division of the New York Mercantile Exchange.
* Ranged from $1,043.80 to $1,062.70 - a new record high.
* Gold continued to closely track currency market
movements.
The dollar fell to a 14-month low against a basket of
currencies on Thursday as rising equities markets fueled demand
for riskier assets at the expense of the safe-haven U.S.
currency.
* Gold prices should be supportive above the psychological
$1,000 an ounce level as investors want to diversify their
currency holdings into real assets - Caesar Bryan, portfolio
manager at GAMCO Gold Fund.
* Cheap interest rates make it easy to buy gold for
investors, as they prepare for possible future inflation -
George Gero, vice president of RBC Capital Markets Global
Futures.
* Demand for gold-backed exchange-traded funds climbed,
with the largest, New York's SPDR Gold Trust (GLD), reporting a
fourth straight day of inflows on Tuesday. [GOL/SPDR]
* Investors in SPDR Gold Trust bought nearly 14 tonnes of
gold, lifting its holdings 1.3 percent, in the week to Tuesday.
XAUEXT-NYS-TT
* Oil prices rose about $2 to $72 a barrel.
* Gold-to-oil ratio at 14.68, up from the previous
session's 14.72.
* COMEX estimated 1 p.m. volume at a heavy 175,473 lots.
* Spot gold was at $1,055.65 an ounce at 2:05 p.m. EDT
(1805 GMT), against its previous finish of $1,043.70 quoted
late in New York.
* London afternoon gold fix XAUFIX= was at $1,045.
SILVER
* December silver SIZ9 ended up 31.5 cents, or 1.8
percent, at $17.815 an ounce, up with gold.
* Ranged from $17.530 to $17.955, the highest price since
August 2008.
* COMEX estimated 1 p.m. volume at 35,068 lots.
* Spot silver XAG= was at $17.75, versus its previous
finish of 17.55 an ounce.
* London silver fix XAGFIX= at $17.80 an ounce.
PLATINUM
* January platinum PLF0 finished up $25.50, or 1.9
percent, at $1,353.20 an ounce on improving physical demand.
* Better jewelry buying supported platinum group metals -
Gero.
* Spot platinum XPT= was at $1,342.50, compared with its
previous finish of $1,326.
PALLADIUM
* December palladium PAZ9 closed up $8.55, or 2.7
percent, at $322.60 an ounce, up with platinum.
* Spot palladium XPD= was at $318.50, against its
previous close of $311.
Close Change Pct 2008 YTD
Chg Close % Chg
US gold GCZ9 1056.30 11.9 1.1 884.3 19.5
US silver SIZ9 17.815 0.315 1.8 11.295 57.7
US platinum PLF0 1353.20 25.50 1.9 941.50 43.7
US palladium PAZ9 322.60 8.55 2.7 188.70 71.0
Prices at 1:51 p.m. EDT (1751 GMT)
Gold XAU= 1055.45 11.75 1.1 878.20 20.2
Silver XAG= 17.77 0.22 1.3 11.30 57.3
Platinum XPT= 1338.50 12.50 0.9 924.50 44.8
Palladium XPD= 319.50 8.500 2.7 184.50 73.2
Gold Fix XAUFIX= 1045.00 -9.75 -0.9 836.50 24.9
Silver Fix XAGFIX= 17.80 40.00 2.3 14.76 20.6
Platinum Fix XPTFIX= 1335.00 1.00 0.1 1529 -12.7
Palladium FixXPDFIX= 317.50 1.50 0.5 365.0 -13.0
(Reporting by Frank Tang; Editing by Marguerita Choy)
