US gold ends up 1.3 pct as dollar drops vs euro

NEW YORK, Nov 2 (Reuters) - U.S. gold futures briefly rose to a
one-week high above $1,060 an ounce on Monday, gaining more than 1 percent
as the dollar dropped against the euro in highly choppy trade.

For the latest detailed report, click on [GOL/].

GOLD

* December gold GCZ9 settles up $13.60, or 1.3 percent, at $1,054 an
ounce on the COMEX division of NYMEX.

* Ranged from $1,042.20 to $1,063.40 -- highest since Oct. 23. December
scaled a record high $1,072 on Oct. 14.

* Gold supported by weak dollar after a flurry of optimistic U.S.
manufacturing activity and home sales reports.

* Dollar slid as much as 1 pct versus the euro based on economic
optimism, boosting gold and equities.

* Gold closes off lows as euro cuts gains as U.S. stocks turn
negative.

* Buying sentiment improved after Barrick says may complete buyback of
its hedgebook ahead of plan. [ID:nL2208871]

* Technical analysts pegged gold's near-term support at $1,025 to
$1,026.

* COMEX net long noncommercial, or speculative, positions eased in the
week up to Oct. 27 - CFTC data.

* Metal ignores lagging investment demand. SPDR Gold Trust posted
outflow of nearly 1 tonne as of Oct. 30.

* Gold BUGS index .HUI turns lower after rising 4 percent. The gold
mining stocks index was clobbered on Friday.

* Gold has recently moved in tandem with equities. Bullion's unusual
link to stocks driven by uncertainties.

* COMEX estimated midday volume at a busy 120,108 lots.

* Crude oil up around $1 to almost $78 a barrel, supporting gold.

* Gold-to-oil ratio at 13.57, up from 13.53 from the previous session.

* Spot gold XAU= at $1,055.25 an ounce at 2:17 p.m. EST (1917 GMT),
against $1,044.40 late in New York in the previous session.

* London's afternoon gold fix XAUFIX= at $1,062.

SILVER

* December silver SIZ9 ends up 18.50 cents, or 1.1 percent, at $16.44
an ounce, rising with gold.

* Ranged from $16.275 to $16.735.

* COMEX estimated midday volume at 31,786 lots.

* Spot silver XAG= was at $16.37 versus $16.27 in the previous
session in New York.

* London silver fix XAGFIX= at $16.58.

PLATINUM

* January platinum PLF0 finishes up $11.80 at $1,338.10 an ounce on
broad-based economic optimism.

* Spot platinum XPT= was at $1,330, compared with late previous
session quote of $1,322.50 in New York.

PALLADIUM

* December palladium PAZ9 closes up $3.10 at $326.35 on ounce,
tracking platinum.

* Spot palladium XPD= was at $320.50, compared with the previous
session's close at $318.50.

Close Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1054.00 13.6 1.3 884.3 19.2
US silver SIZ9 16.440 0.185 1.1 11.295 45.6
US platinum PLF0 1338.10 11.80 0.9 941.50 42.1
US palladium PAZ9 326.35 3.10 1.0 188.70 72.9
Prices at 2:01 p.m. EST (1901 GMT)
Gold XAU= 1053.10 8.70 0.8 878.20 19.9
Silver XAG= 16.31 0.04 0.2 11.30 44.3
Platinum XPT= 1328.00 5.50 0.4 924.50 43.6
Palladium XPD= 320.00 1.500 0.5 184.50 73.4
Gold Fix XAUFIX= 1062.00 10.00 1.0 836.50 27.0
Silver Fix XAGFIX= 16.58 1.00 0.1 14.76 12.3
Platinum Fix XPTFIX= 1330.00 4.00 0.3 1529 -13.0
Palladium FixXPDFIX= 324.00 2.00 0.6 365.0 -11.2
(Reporting by Frank Tang; Editing by John Picinich)