NEW YORK, Aug 11 (Reuters) - U.S. gold futures were mostly
flat early Tuesday with a lower bias as a resilient dollar and
chart-based weakness prompted investors to sell the metal.
For the latest detailed report, click on [GOL/].
GOLD
* December gold GCZ9 down $2.10 at $944.80 an ounce at
10:10 a.m. EDT (1410 GMT) on the COMEX division of the New York
Mercantile Exchange.
* Ranging from $951.90 to $943.60 an ounce -- the lowest
price since July 31.
* Gold weakened as dollar held ground following a strong
rally last Friday, boosted by strong U.S. jobs data. [USD/]
* Strength in the dollar and bearish technical action in
precious metals last week will continue to pressure prices -
Tom Pawlicki, precious metals and energy analyst at MF Global.
* Even as a stronger U.S. currency led to a sharp fall of
gold in dollar terms, bullion prices held their ground in euro
terms - Dennis Gartman, independent investor and publisher of
the "Gartman Letter."
* Over the last several months, gold has benefited as a
hedge against a weakening dollar as investors turned to risky
assets such as stocks and away from safe-haven U.S. bonds amid
growing economic optimism.
* Gold/oil ratio at 13.64, higher than 13.36 from the
previous session
* COMEX estimated 10 a.m. gold volume at a light 29,784
lots.
* Spot gold XAU= at $942.55 an ounce, compared with
$944.65 an ounce in late New York business on Monday.
* London afternoon gold fix XAUFIX= at $942.75 an ounce.
SILVER
* September silver SIU9 down 7.5 cents at $14.280 an
ounce, tracking gold's decline.
* Ranging from $14.235 to $14.480 an ounce.
* COMEX estimated 10 a.m. silver volume at 12,619 lots.
* Spot silver XAG= was at $14.25 an ounce versus $14.30
an ounce in Monday's late quote.
* London silver fix XAGFIX= at $14.355 an ounce.
PLATINUM
* October platinum PLV9 down $8 at $1,242.90 an ounce as
easing worries about labor actions in top producer South Africa
provided selling pressure.
* The chief negotiator from South Africa's biggest union
said on Monday he did not see an imminent strike at state power
firm Eskom, which has offered an increased 10.5 percent wage
rise. [ID:nLA267381]
* Spot platinum XPT= at $1,236 versus $1,243.50.
PALLADIUM
* September palladium PAU9 down $2.20 at $274.40 an
ounce, tracking platinum's weakness.
* Spot palladium XPD= at $270, against its previous
finish of $272.
Prices at 10:09 a.m. CDT (1409 GMT)
Last Change Pct 2008 YTD
Chg Close % Chg
US gold GCZ9 944.70 -2.20 -0.2 884.30 6.8
US silver SIU9 14.250 -0.105 -0.7 11.295 26.2
US platinum PLV9 1242.60 -8.30 -0.7 941.50 32.0
US palladium PAU9 273.95 -2.65 -1.0 188.70 45.2
Gold XAU= 942.35 -2.30 -0.2 878.200 7.3
Silver XAG= 14.24 -0.06 -0.4 11.30 26.0
Platinum XPT= 1235.50 -8.00 -0.6 924.50 33.6
Palladium XPD= 270.00 -2.00 -0.7 184.50 46.3
Gold Fix XAUFIX= 942.75 -2.25 -0.2 836.50 12.7
Silver Fix XAGFIX= 14.355 -0.115 -0.8 14.760 -2.7
Platinum Fix XPTFIX= 1242.00 0.00 0.0 1529.00 -18.8
Palladium Fix XPDFIX= 272.00 0.00 0.0 365.00 -25.5
(Reporting by Frank Tang)
