US gold hits one-month high on currency uncertainty
NEW YORK, April 6 (Reuters) - U.S. gold rose to a one-month high on Tuesday in the face of a stronger dollar, boosted by safe-haven demand driven by currency uncertainties and worries about Greece and other euro-zone economies.
* For the latest detailed report, click on [GOL/].
GOLD
* COMEX June GCM0 up $5.40 at $1,139.20 an ounce at 11:30 a.m. EDT (1530 GMT).
* Range $1,123.50 to $1,139.60 - loftiest since March 5.
* Gold higher despite euro's broad decline. Gold in euro terms XAUEUR=R rallied to a record peak 850.99.
* Reports that Greece wants to amend a European Union aid deal rekindles euro-zone fiscal worries. [ID:ID:nSGE635017]
* Rising U.S. interest rates signal economic recovery, bolstering gold's investment appeal.
* Benchmark 10-year yield US10YT=RR has risen about 30 basis points over a two-week period, reaching 4 percent in intraday trade on Monday. [US/]
* Firmer gold prices have been accompanied by a dramatic steepening in the yield curve - James Steel at HSBC.
* COMEX gold 11 a.m. volume at 91,841 lots.
* Spot gold XAU= was at $1,138.20, compared with $1,129.70 late in New York's previous session.
* London afternoon gold fix XAUFIX= at $1,132.75.
SILVER
* COMEX May silver SIK0 down 4.3 cents at $18.075 an ounce as investors take profits.
* Range $17.845 to $18.105.
* COMEX gold 11 a.m. volume 22,006 lots.
* Spot silver XAG= at $18.06, versus $18.02 late in the prior session.
* London silver fix XAUFIX= at $17.92.
PLATINUM
* July PLN0 up $1.70 at $1,711.50 an ounce on better investment demand amid economic optimism.
* Platinum group supported as U.S. auto sales jumped in March, also supported by positive economic data.
* Spot platinum XPT= at $1,704 an ounce.
PALLADIUM
* June PAM0 up $3.10 at $511.10 an ounce on better outlook for global auto demand.
* June contract extends gains after rising above $500 for first time since March 2008 on Monday.
* Spot palladium XPD= at $508.50 an ounce.
Prices at 11:39 a.m. EDT (1539 GMT)
Last Change Pct 2009 YTD
Chg Close % Chg
US gold GCM0 1138.20 4.40 0.4 1096.20 3.8
US silver SIK0 18.065 -0.053 -0.3 16.845 7.2
US platinum PLN0 1710.30 0.50 0.0 1471 16.3
US palladium PAM0 511.10 3.10 0.6 408.85 25.0
Gold XAU= 1137.15 7.45 0.7 1096.35 3.7
Silver XAG= 18.04 0.02 0.1 16.84 7.1
Platinum XPT= 1703.50 -2.00 -0.1 1465.50 16.2
Palladium XPD= 507.50 7.50 1.5 405.50 25.2
Gold Fix XAUFIX= 1132.75 8.75 0.8 1104 2.6
Silver Fix XAGFIX= 17.92 23.00 1.3 16.99 5.5
Platinum Fix XPTFIX= 1700.00 17.00 1.0 1466 16.0
Palladium Fix XPDFIX= 504.00 8.00 1.6 402 25.4
(Reporting by Frank Tang; Editing by Marguerita Choy)
© Copyright Thomson Reuters 2024. All rights reserved.