U.S. gold futures remained
lower into the close, despite the dollar's renewed trek to the
downside, as some players took profits, fearing the lofty
heights at the 14-month highs achieved early on Thursday,
traders said.
For the latest detailed report, click on [GOL/].
GOLD
* December gold GCZ9 was down $6.70 to settle at
$1,013.50 an ounce on the COMEX division of the New York
Mercantile Exchange.
* The range dipped to $1,010.60 an ounce from $1,025.80 an
ounce, a fresh high last visited in July 2008.
* Gold was lifted to a new 14-month high in early trade
when the dollar fell to a fresh one-year low versus the euro -
traders.
* A recovery in the dollar undermined bulls and tipped gold
into negative territory - traders.
* Despite the dollar's later declines, gold was unable to
pull up from lower levels, hit by a wave of profit-taking -
traders.
* Gold's downside was limited, however, with buyers on the
prowl for any dips especially after the latest round of
healthier-than-forecast U.S. economic data - traders.
* Factory activity in the U.S. Mid-Atlantic region rose in
September to the highest level since June 2007, the latest
Philadelphia Federal Reserve survey showed. Story:
[ID:nN17362464] Table: [ID:nTAR001009]
* Earlier, new U.S. housing starts and permits rose in
August to their highest level since November, lifted by a
rebound in multifamily homes. Story: [ID:nN16145484] Table:
[ID:nCAT002855]
* The number of U.S. workers filing new claims for jobless
benefits unexpectedly fell by 12,000 last week, while there was
a rise in the number of those still on the benefit rolls after
an initial week of aid. Story: [ID:nN17191439] Table:
[ID:nOAT002288]
* Some gold bulls reason that a pickup in economic activity
increases fears that inflation will heat up down the road -
traders.
* Technicians are keeping watch on the $1,033.90 per ounce
prior record high on COMEX gold's continuation chart -
analysts.
* Spot gold XAU= steadied around $1,015.15 an ounce, down
from $1,017.65 an ounce in Wednesday's late New York dealings.
* London afternoon gold XAUFIX= was fixed higher at
$1,018.50 an ounce.
* For Reuters latest coverage of the Denver Gold Forum
please see [ID:nN14522776]
SILVER
* December silver SIZ9 fell 16.50 cents, or 0.95 percent,
to $17.2650 an ounce, down with gold.
* Range down to $17.21 from 17.69 an ounce, its highest
since August 2008.
* Spot silver XAG= slips to $17.26 an ounce from $17.36
an ounce at Wednesday's late dealings.
* London silver XAGFIX= was fixed higher at $17.38 an
ounce.
PLATINUM
* October platinum PLV9 lost $8.60 to end at $1,341.50 an
ounce, falling with gold.
* Spot platinum XPT= was lower at $1,336 an ounce than
$1,344 in Wednesday's late business.
PALLADIUM
* December palladium PAZ9 gains $5.25 to finish at
$305.75 an ounce, a 1.75 percent increase.
* Spot palladium XPD= was quoted at $301 an ounce, up
slightly from $298 in late Wednesday business.
Close Change Pct 2008 YTD
Chg Close % Chg
US gold GCZ9 1013.50 -6.7 -0.7 884.3 14.6
US silver SIZ9 17.265 -0.165 -0.9 11.295 52.9
US platinum PLV9 1341.50 -8.60 -0.6 941.50 42.5
US palladium PAZ9 305.75 5.25 1.7 188.70 62.0
Prices at 2:55 p.m. EDT (1855 GMT)
Gold XAU= 1016.20 -0.50 0.0 878.20 15.7
Silver XAG= 17.32 -0.03 -0.2 11.30 53.3
Platinum XPT= 1336.00 -8.50 -0.6 924.50 44.5
Palladium XPD= 301.00 5.000 1.7 184.50 63.1
Gold Fix XAUFIX= 1018.50 -2.00 -0.2 836.50 21.8
Silver Fix XAGFIX= 17.38 9.00 0.5 14.76 17.8
Platinum Fix XPTFIX= 1336.00 7.00 0.5 1529 -12.6
Palladium FixXPDFIX= 299.00 0.00 0.0 365.0 -18.1
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