US gold hits six-week low; dollar rallies on data
NEW YORK, March 24 (Reuters) - U.S. gold futures fell to a six-week low on Wednesday, weighed down by a dollar rally on the back of optimistic U.S. data and renewed sovereign debt worries.
* For the latest detailed report, click on [GOL/].
GOLD
* COMEX April GCJ0 down $12.20 at $1,091.50 an ounce at 9:48 a.m. EDT (1348 GMT).
* Ranged $1,106 to $1,087.80 - lowest since Feb. 12.
* Gold pressured as dollar jumped over 1 percent against the euro and a basket of currencies .DXY. [USD/]
* Weak euro, losses in equities markets drag gold lower - Peter Buchanan, senior economist at CIBC World Markets.
* U.S. currency extends gains after data showed new orders for durable goods rose for third straight month in February.
* Euro slumps to 10-month low against dollar on a downgrade of Portugal's debt. [ID:nLDE62N14Y]
* Sentiment cautious as investors look forward to CFTC public hearing on futures and options in metals on Thursday. [ID:nN2390912]
* COMEX 9 a.m. volume 94,160 lots.
* Spot gold XAU= at $1,091.65 an ounce, versus $1,101.65 late in New York in the previous session.
* London gold morning fix XAUFIX= at $1,094.
SILVER
* May SIK0 down 30.7 cents, or 1.8 percent, at $16.720 an ounce on gold and metals weakness.
* Range from $17.045 to $16.595.
* Silver largely ignores a strike scheduled for Buenaventura's (BVN.N) two silver and gold mines in Peru on Friday - traders.
* COMEX 9 a.m. volume 13,604 lots.
* Spot silver XAG= at $16.68 against $16.97 an ounce in the previous session late quote in New York.
* London silver XAGFIX= fixed at $16.68 an ounce.
PLATINUM
* April PLJ0 down $20.40, or 1.3 percent, at $1,588.10 an ounce, boosted by industrial metals' gains.
* Spot platinum XPT= at $1,582 an ounce.
PALLADIUM
* June palladium PAM0 down $8.65, or 1.7 percent, at $455.90 an ounce, tracking platinum.
* Spot palladium XPD= at $450 an ounce.
Prices at 10:06 a.m. EDT (1406 GMT)
Last Change Pct 2009 YTD
Chg Close % Chg
US gold GCJ0 1092.70 -11.00 -1.0 1096.20 -0.3
US silver SIK0 16.735 -0.292 -1.7 16.845 -0.7
US platinum PLJ0 1586.30 -22.20 -1.4 1471 7.8
US palladium PAM0 455.90 -8.65 -1.9 408.85 11.5
Gold XAU= 1092.60 -9.05 -0.8 1096.35 -0.3
Silver XAG= 16.71 -0.26 -1.5 16.84 -0.8
Platinum XPT= 1585.00 -22.00 -1.4 1465.50 8.2
Palladium XPD= 453.00 -11.50 -2.5 405.50 11.7
Gold Fix XAUFIX= 1094.00 -7.50 -0.7 1104 -0.9
Silver Fix XAGFIX= 16.68 -10.00 -0.6 16.99 -1.8
Platinum Fix XPTFIX= 1590.00 8.00 0.5 1466 8.5
Palladium Fix XPDFIX= 454.00 4.00 0.9 402 12.9
(Reporting by Frank Tang; editing by Jim Marshall)
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