US gold hits record; dollar drop boosts sentiment

NEW YORK, Nov 16 (Reuters) - U.S. gold futures hit a record
$1,134.90 an ounce on Monday as a weakened dollar boosted risk
appetite for asset classes across the board, while silver and
platinum group metals also scaled new highs.

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

GOLD

* COMEX December gold GCZ9 up $16.10, or 1.4 percent, at
$1,132.80 an ounce at 10:50 a.m. EST (1550 GMT) on the NYMEX.

* Range spanned from $1,119.50 to $1,134.90.

* A broadly lower dollar supports gold. The greenback drops
on higher investor risk tolerance as equities rally.

* World leaders at the Asia Pacific summit suggests China
may not be ready to let the yuan rise against the dollar.
[ID:nN16500414]

* Dollar dips after APEC, increases demand for all risky
assets and reinforces commodities bull market - James Steel at
HSBC.

* Gold bulls encouraged by a 1.5 percent Wall Street rally
as oil rises towards $80 a barrel.

* No signs that gold prices could head for correction soon;
silver looks toppish - Steel.

* COMEX estimated 10 a.m. volume at 79,755 lots.

* Spot gold XAU= at $1,131.40 an ounce, compared with
$1,118.50 late in the previous session in New York.

* London's afternoon gold fix XAUFIX= at $1,130 an
ounce.

SILVER

* December silver SIZ9 rallies 88.5 cents, or 5.1
percent, to $18.265 an ounce on gold's strength.

* Ranged from $17.475 to $18.345 -- the highest price since
August 2008.

* COMEX estimated 10 a.m. volume at 26,962 lots.

* Spot silver XAG= was at $18.24 against $17.41 in the
previous session in New York.

* London silver fix XAGFIX= at $17.740.

PLATINUM

* January platinum PLF0 up $43.70, or 3.1 percent, to
$1,432.40 an ounce as general economic optimism boosts the
metal's autocatalyst demand.

* Spot platinum XPT= $1,426.50 an ounce.

PALLADIUM

* December palladium PAZ9 up $19, or 5.3 percent, at
$375.75 an ounce, on strong investment buying and platinum's
gains.

* Spot palladium XPD= $371 an ounce.
Prices at 11:09 a.m. EST (1609 GMT)

Last Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1132.20 15.50 1.4 884.30 28.0
US silver SIZ9 18.205 0.825 4.8 11.295 61.2
US platinum PLF0 1431.50 42.80 3.1 941.50 52.0
US palladium PAZ9 375.00 18.25 5.1 188.70 98.7
Gold XAU= 1131.95 13.45 1.2 878.20 28.9
Silver XAG= 18.19 0.78 4.5 11.30 61.0
Platinum XPT= 1424.00 34.00 2.4 924.50 54.0
Palladium XPD= 371.50 18.00 5.1 184.50 101.4
Gold Fix XAUFIX= 1130.00 1.25 0.1 836.50 35.1
Silver Fix XAGFIX= 17.74 41.75 2.4 14.76 20.2
Platinum Fix XPTFIX= 1424.00 6.00 0.4 1529.00 -6.9
Palladium Fix XPDFIX= 369.00 6.00 1.7 365.00 1.1
(Reporting by Frank Tang; Editing by Walter Bagley)