US gold rises on economic optimism, eyes $1,100/oz

NEW YORK, Nov 5 (Reuters) - U.S. gold futures ended $2
higher Thursday after approaching $1,100 an ounce as a Wall
Street rally boosted investor sentiment across the board.

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

GOLD

* December gold GCZ9 settles up $2 at $1,089.30 an ounce
on the COMEX division of the New York Mercantile Exchange.

* Range from $1,084.30 to $1,095.20. December hit a record
$1,098.50 on Wednesday.

* Gold boosted by economic optimism amid a Wall Street
rally. S&P 500 index up almost 2 percent.

* Gold market has decoupled itself from the dollar for the
time being - FC Stone. Dollar index up a tad on Thursday.

* Sentiment strong on expectations of renewed central bank
interest after IMF sold 200 tonnes of gold to India on Monday.

* Gold boosted by the notion that India could buy more gold
from the IMF or more IMF gold could be sold to central banks
without weighing on the open market - traders.

* But gold rally seems to be running out of steam as
backing and filling needed to sustain historic levels after
quick acceleration - FC Stone.

* U.S. TIPS breakevens, a key gauge of inflation sentiment
by the Federal Reserve, grow with 10-years at fresh wides
post-Lehman collapse. [ID:nN05117479]

* COMEX estimated final volume at a relatively light
100,406 lots.

* Gold-to-oil ratio at 13.65, up from 13.64 in the previous
session.

* Spot gold XAU= was at $1,088.95 an ounce at 2:08 p.m.
EST (1908 GMT), down from $1,092.35 quoted late in the previous
session in New York.

* London's afternoon gold fix XAUFIX= at $1,089.

SILVER

* December silver SIZ9 finishes up 0.5 cent at $17.410 an
ounce, rising with gold.

* Range from $17.220 to $17.530.

* COMEX estimated final volume at 30,942 lots.

* Spot silver XAG= was at $17.36, versus $17.44 in the
previous session in New York.

* London silver fix XAGFIX= at $17.38.

PLATINUM

* January platinum PLF0 ends down $6.40 at $1,362.90 an
ounce on profit taking.

* Spot platinum XPT= was at $1,352.50, compared with late
previous session quote of $1,364 in New York.

PALLADIUM

* December palladium PAZ9 closes up $3.05 at $331.85 an
ounce on investment demand.

* Spot palladium XPD= was at $328, unchanged compared
with its previous session's close.

Close Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1089.30 2 0.2 884.3 23.2
US silver SIZ9 17.410 0.005 0.0 11.295 54.1
US platinum PLF0 1362.90 -6.40 -0.5 941.50 44.8
US palladium PAZ9 331.85 3.05 0.9 188.70 75.9
Prices at 2:07 p.m. EST (1907 GMT)
Gold XAU= 1088.70 -3.65 -0.3 878.20 24.0
Silver XAG= 17.36 -0.08 -0.5 11.30 53.6
Platinum XPT= 1352.50 -11.50 -0.8 924.50 46.3
Palladium XPD= 328.00 1.000 0.3 184.50 77.8
Gold Fix XAUFIX= 1089.00 1.00 0.1 836.50 30.2
Silver Fix XAGFIX= 17.38 -10.00 -0.6 14.76 17.8
Platinum Fix XPTFIX= 1359.00 1.00 0.1 1529 -11.1
Palladium FixXPDFIX= 330.00 1.00 0.3 365.0 -9.6
(Reporting by Frank Tang; editing by Jim Marshall)