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US gold up despite dollar rise; sentiment strong

Fri Nov 20, 2009 3:35pm EST

 NEW YORK, Nov 20 (Reuters) - U.S. gold futures ended higher
for a sixth straight session  on Friday despite a dollar rise,
and a late session rally in the face of a stronger dollar could
boost sentiment early next week, traders said.
 For the latest detailed report, click on [GOL/].
 GOLD
  * COMEX December gold GCZ9 settles up $4.90 at $1,146.80
an ounce on the NYMEX.
 * Range spanned from $1,132.50 to $1,148.50. It hit a
record $1,153.40 set on Wednesday.
 * After Friday's settlement, December hit a high
$1,150.50.
 * Gold initially pressured as the dollar rose for a second
straight session as investors cut risk exposure. [USD/]
 * Technical buying and short covering started late session
rally - Frank McGhee at Integrated Brokerage Services.
 * Strong buying may boost prices early next week - McGhee.
 * Gold ended higher than a week earlier for a third
straight session.
 * Gold's ability to stem losses despite weaker equities and
oil prices drop signal strong buying interest - traders.
 * December $1,200 call strike options set to expire
worthless on Monday, despite strong open interest - option
traders.
 * Gold-to-oil ratio at 14.93, up from the previous
session's 14.74.
 * COMEX estimated final volume at 192,162 lots.
 * Spot gold XAU= at $1,149.45 an ounce at 3:25 p.m. EST
(2025 GMT), compared with $1,143.50 late in the previous
session in New York.
 * London's afternoon gold fix XAUFIX= at $1,140 an
ounce.
 * For a gold price interactive graphic:
here >
 SILVER
 * December silver SIZ9 ends down 1.5 cent at $18.440 an
ounce, tracking gold's weakness.
 * Ranged from $18.035 to $18.595.
 * COMEX estimated final volume at 51,595 lots.
 * Spot silver XAG= was at $18.46 against $18.51 in the
previous session in New York.
 * London silver fix XAGFIX= at $18.18.
 PLATINUM
 * January platinum PLF0 finishes down $2 at $1,441.90 an
ounce on broad-based commodities weakness amid a strong
dollar.
 * Spot platinum XPT= $1,442.50 an ounce.
 PALLADIUM
 * December palladium PAZ9 closes down $5.55, or 1.5
percent, at $364.35 an ounce on platinum's weakness.
 * Spot palladium XPD= $361 an ounce.
                     Close  Change   Pct     2008    YTD
                                     Chg   Close   % Chg
US gold      GCZ9    1146.80     4.9   0.4   884.3    29.7
US silver    SIZ9     18.440  -0.015  -0.1  11.295    63.3
US platinum  PLF0    1441.90   -2.00  -0.1  941.50    53.1
US palladium PAZ9     364.35   -5.55  -1.5  188.70    93.1
Prices at 3:24 p.m. EST (2024 GMT)
Gold         XAU=    1149.30    5.80   0.5  878.20    30.9
Silver       XAG=      18.46   -0.05  -0.3   11.30    63.4
Platinum     XPT=    1442.50    1.00   0.1  924.50    56.0
Palladium    XPD=     361.00  -5.000  -1.4  184.50    95.7
Gold Fix     XAUFIX= 1140.00   -2.50  -0.2  836.50    36.3
Silver Fix   XAGFIX=   18.18   -2.00  -0.1   14.76    23.2
Platinum Fix XPTFIX= 1435.00    5.00   0.3    1529    -6.1
Palladium FixXPDFIX=  360.00    1.00   0.3   365.0    -1.4
 (Reporting by Frank Tang; Editing by David Gregorio)






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