NEW YORK, Oct 20 (Reuters) - U.S. gold futures cut early
gains to end slightly higher on Tuesday as the dollar turned
higher, denting bullion's status as a hedge against a falling
greenback.
For the latest detailed report, click on [GOL/].
GOLD
* December gold futures GCZ9 settled up 50 cents at
$1,058.60 an ounce on the COMEX division of the New York
Mercantile Exchange.
* Ranged from $1,052.60 to $1,069. December scaled a record
high $1,072 on Oct. 14.
* Dollar recovers from recent lows as policymakers in
Europe and Asia remarked on the greenback's decline.
* Investors favor gold for worries that global currency
depreciation could erode the value of paper assets.
* Prices and volatility of gold options have been falling,
indicating that the underlying gold futures could range-bound -
COMEX floor trader.
* Gold pressured by weaker oil, which turned lower after
hitting a one-year high.
* Gold-to-oil ratio below 14 at 13.44, up tad from previous
session's 13.37.
* COMEX estimated final volume at 113,738 lots.
* Spot gold XAU= at $1,056.60 an ounce at 2:59 a.m. EDT
(1859 GMT), against $1,062.70 late in New York in the previous
session.
* London afternoon gold fix XAUFIX= $1,061.75.
SILVER
* December silver SIZ9 ended down 6.7 cents at 17.558 an
ounce, down with gold's retreat.
* Ranged $17.420 to $17.955.
* COMEX estimated final volume at 25,186 lots.
* Spot silver XAG= was at $17.53, versus its previous
finish of $17.78 an ounce.
* London silver fix XAGFIX= at $17.755 an ounce.
PLATINUM
* January platinum PLF0 finished down $7.90 at $1,356.30
an ounce, tracking metals' weakness across the board.
* Spot platinum XPT= was at $1,347, compared with its
previous finish of $1,355.50.
PALLADIUM
* December palladium PAZ9 closed up $3.25 at $337.65 an
ounce on strong investment demand.
* Spot palladium XPD= was at $334.50, compared with its
previous session close at $332.
Close Change Pct 2008 YTD
Chg Close % Chg
US gold GCZ9 1058.60 0.5 0.0 884.3 19.7
US silver SIZ9 17.558 -0.067 -0.4 11.295 55.4
US platinum PLF0 1356.30 -7.90 -0.6 941.50 44.1
US palladium PAZ9 337.65 3.25 1.0 188.70 78.9
Prices at 2:59 p.m. EDT (1859 GMT)
Gold XAU= 1056.55 -6.15 -0.6 878.20 20.3
Silver XAG= 17.53 -0.25 -1.4 11.30 55.1
Platinum XPT= 1347.00 -8.50 -0.6 924.50 45.7
Palladium XPD= 334.50 2.500 0.8 184.50 81.3
Gold Fix XAUFIX= 1061.75 -2.25 -0.2 836.50 26.9
Silver Fix XAGFIX= 17.76 23.50 1.3 14.76 20.3
Platinum Fix XPTFIX= 1371.00 12.00 0.9 1529 -10.3
Palladium FixXPDFIX= 339.00 5.00 1.5 365.0 -7.1
(Reporting by Frank Tang; Editing by Marguerita Choy)
