US gold ends near record high on dollar tumble
NEW YORK, Nov 9 (Reuters) - U.S. gold futures ended higher on Monday, after rising to a record $1,111.70 an ounce earlier in the session, as the dollar tumbled on expectations of ample money supply amid a low interest rate environment after a weekend Group of 20 meeting.
For the latest detailed report, click on [GOL/].
GOLD
* COMEX December gold GCZ9 settles up $5.70 at $1,101.40 an ounce on the New York Mercantile Exchange.
* Range spanned $1,096 to all-time high $1,111.70
* Gold rises with equities, oil and other commodities as the dollar index fell 1 percent after a weekend G20 meeting. [USD/]
* Currency and inflation worries boost gold due to monetary easing and fiscal spending expectations after G20 - Nicholas Brooks at ETF Securities.
* Gold on its own for now but could correct at some point despite weak dollar - Miguel Perez-Santalla at Heraeus.
* China should not buy gold from the IMF and should wait for the price to drop - ex official. [ID:nPEK352010]
* Gold mining stocks as a whole rise to their highest level since July 2008. Gold BUGS index .HUI up 4 pct.
* Gold-to-oil ratio down at 13.84 against 14.15 -- a late quote from the previous session.
* Growing inflation expectations are being factored into gold. For a graph showing the correlation between the 10-year TIPS and gold prices, click here:
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* COMEX estimated 1 p.m. volume at 101,342 lots.
* Spot gold XAU= at $1,100.85 an ounce at 2:08 p.m. EST (1908 GMT), up from $1,096.30 late in the previous session in New York.
* London's afternoon gold fix XAUFIX= $1,106.75 an ounce.
SILVER
* December silver SIZ9 ends up 10.50 cents at $17.480 an ounce, up with gold.
* Range ran from $17.425 to $17.780.
* COMEX estimated 1 p.m. volume at 20,528 lots.
* Spot silver XAG= was at $17.49, up from $17.38 in the previous session in New York.
* London silver fix XAGFIX= was set at $17.680.
PLATINUM
* January platinum PLF0 finishes up $19, or 1.4 percent, at $1,367.20 an ounce, up as precious metals rally.
* Spot platinum XPT= $1,353 an ounce.
PALLADIUM
* December palladium PAZ9 closes up $5.25, or 1.6 percent, at $335.95 an ounce, tracking platinum.
* Spot palladium XPD= $330 an ounce.
Close Change Pct 2008 YTD
Chg Close % Chg US gold GCZ9 1101.40 5.7 0.5 884.3 24.6 US silver SIZ9 17.480 0.105 0.6 11.295 54.8 US platinum PLF0 1367.20 19.00 1.4 941.50 45.2 US palladium PAZ9 335.95 5.25 1.6 188.70 78.0 Prices at 2:09 p.m. EST (1909 GMT) Gold XAU= 1100.65 4.35 0.4 878.20 25.3 Silver XAG= 17.48 0.10 0.6 11.30 54.7 Platinum XPT= 1352.50 10.00 0.7 924.50 46.3 Palladium XPD= 330.00 2.500 0.8 184.50 78.9 Gold Fix XAUFIX= 1106.75 -1.75 -0.2 836.50 32.3 Silver Fix XAGFIX= 17.68 15.50 0.9 14.76 19.8 Platinum Fix XPTFIX= 1355.00 5.00 0.4 1529 -11.4 Palladium FixXPDFIX= 333.00 1.50 0.5 365.0 -8.8 (Reporting by Frank Tang; editing by Marguerita Choy)
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