US gold ends higher on oil rally, euro tops $1.50

NEW YORK, Oct 21 (Reuters) - New York gold futures finished
higher Wednesday on an oil rally, and as the euro rose above
$1.50 for the first time in 14 months, boosting bullion's
status as a hedge against a falling U.S. currency.

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

GOLD

* December gold futures GCZ9 settle up $4.80 at $1,063.40
an ounce on the COMEX division of the New York Mercantile
Exchange.

* Ranged from $1,048.10 to $1,065.70. December scaled a
record high $1,072 on Oct. 14.

* Gold turns higher as euro rises above $1.50 for first
time since August 2008.

* Near-zero U.S. interest rate expectations keep weighing
on the dollar and boosts gold.

* Investors favor gold amid worries that global currency
depreciation could erode the value of paper assets.

* Gold could test $1,030 short term because of
consolidation, previous corrections pattern - CitiFX.

* Gold lifted by rising oil, which breaks above $82 a
barrel on tight supply and economic optimism.

* Gold-to-oil ratio at 13.06, down sharply from previous
session's 13.44.

* COMEX estimated final volume at 135,205 lots.

* Spot gold XAU= at $1,062.70 an ounce at 3:07 a.m. EDT
(1907 GMT), against $1,054 late in New York in the previous
session.

* London afternoon gold fix XAUFIX= $1,053.75.

SILVER

* December silver SIZ9 ends up 26.7 cents, or 1.5
percent, at 17.825 an ounce on optimism over the economic
recovery.

* Ranged $17.300 to $17.835.

* COMEX estimated final volume at 28,225 lots.

* Spot silver XAG= was at $17.75, versus its previous
finish of $17.45 an ounce.

* London silver fix XAGFIX= at $17.39 an ounce.

PLATINUM

* January platinum PLF0 finishes up $18.10, or 1.3
percent, at $1,374.40 an ounce, tracking metals' turnaround.

* ETF Securities files a preliminary prospectus with the
SEC on its proposed first-ever U.S. platinum ETF.
[ID:nN21505684]

* Spot platinum XPT= was at $1,364, compared with its
previous finish of $1,347.

PALLADIUM

* December palladium PAZ9 closes up $3.85, or 1.1
percent, at $341.50 an ounce on strong investment demand.

* Spot palladium XPD= was at $337, compared with its
previous session close at $334.

Close Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1064.50 5.9 0.6 884.3 20.4
US silver SIZ9 17.825 0.267 1.5 11.295 57.8
US platinum PLF0 1374.40 18.10 1.3 941.50 46.0
US palladium PAZ9 341.50 3.85 1.1 188.70 81.0
Prices at 2:52 p.m. EDT (1852 GMT)
Gold XAU= 1061.75 7.75 0.7 878.20 20.9
Silver XAG= 17.66 0.21 1.2 11.30 56.3
Platinum XPT= 1364.00 17.00 1.3 924.50 47.5
Palladium XPD= 337.00 3.000 0.9 184.50 82.7
Gold Fix XAUFIX= 1053.75 0.25 0.0 836.50 26.0
Silver Fix XAGFIX= 17.39 -36.50 -2.1 14.76 17.8
Platinum Fix XPTFIX= 1346.00 9.00 0.7 1529 -12.0
Palladium FixXPDFIX= 334.00 2.00 0.6 365.0 -8.5
(Reporting by Frank Tang; Editing by Christian Wiessner)