US gold hits near-3 month high on safe-haven demand
NEW YORK, April 7 (Reuters) - U.S. gold rose to its highest since January on Wednesday, rising toward $1,150 an ounce, as renewed worries over Greece's ability to resolve its debt crisis prompted investors to pile into the metal as a safe haven.
* For the latest detailed report, click on [GOL/].
GOLD
* COMEX June GCM0 up $8.80 at $1,144.80 an ounce at 10:50 a.m. EDT (1450 GMT).
* Range $1,133.30 to $1,149 - loftiest since Jan. 12.
* Active trading by commodity funds led to increase in open interest in June contracts - George Gero at RBC.
* Gold on track to rise for a fifth straight session despite euro's drop on Tuesday. Gold in euro terms rallied to a record peak 858.98.
* The euro dropped against the dollar to its lowest in more than a week on renewed concerns about Greece.
* Rising U.S. interest rates signal economic recovery, bolstering gold's investment appeal - traders.
* Benchmark 10-year yield US10YT=RR has risen about 30 basis points over a two-week period to just below 4 percent on Tuesday. [US/]
* COMEX gold 10 a.m. volume at 76,068 lots.
* Spot gold XAU= was at $1,144, compared with $1,133.20 late in New York's previous session.
* London afternoon gold fix XAUFIX= at $1,142.
SILVER
* COMEX May silver SIK0 up 20.9 cents, or 1.2 percent, at $18.140 an ounce as the white metal rises to highest since January.
* Range $17.920 to $18.245 - firmest since Jan. 20.
* COMEX gold 10 a.m. volume 20,489 lots.
* Spot silver XAG= at $18.12, versus $17.88 late in the prior session.
* London silver fix XAUFIX= at $17.97.
PLATINUM
* July PLN0 up $15 at $1,719.50 an ounce on better investment demand amid economic optimism.
* Platinum group supported as U.S. auto sales jumped in March and positive economic data.
* Spot platinum XPT= at $1,712 an ounce.
PALLADIUM
* June PAM0 down $1.10 at $507.40 an ounce as the market takes a breather after recent sharp rallies.
* Spot palladium XPD= at $505 an ounce.
Prices at 11:05 a.m. EDT (1504 GMT)
Last Change Pct 2009 YTD
Chg Close % Chg
US gold GCM0 1145.30 9.30 0.8 1096.20 4.5
US silver SIK0 18.125 0.194 1.1 16.845 7.6
US platinum PLN0 1720.50 16.00 0.9 1471 17.0
US palladium PAM0 507.70 -0.80 -0.2 408.85 24.2
Gold XAU= 1144.25 11.05 1.0 1096.35 4.4
Silver XAG= 18.09 0.21 1.2 16.84 7.4
Platinum XPT= 1713.50 16.00 0.9 1465.50 16.9
Palladium XPD= 505.00 0.50 0.1 405.50 24.5
Gold Fix XAUFIX= 1142.00 8.75 0.8 1104 3.4
Silver Fix XAGFIX= 17.97 5.00 0.3 16.99 5.8
Platinum Fix XPTFIX= 1710.00 2.00 0.1 1466 16.6
Palladium Fix XPDFIX= 508.00 1.00 0.2 402 26.4
(Reporting by Frank Tang, Editing by Bob Burgdorfer)
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