US gold rises on oil rally after jobs report
Fri Mar 5, 2010 10:57am EST
NEW YORK, March 5 (Reuters) - New York gold futures rose on
Friday, boosted by an oil rally and as the dollar cut initial
gains following February's U.S. non-farm payrolls report.
* For the latest detailed report, click on [GOL/].
GOLD
* COMEX April GCJ0 up $6 at $1,139.10 an ounce at 10:19
a.m. EST (1519 GMT).
* Ranged from $1,127.50 to $1,140.90.
* Sentiment improved as dollar gives up gains against euro
after jobs report showed a smaller-than-expected loss.
[ID:nN04252324]
* Broad commodities gains led by oil, trading at about $82
a barrel, spur gold buying.
* Precious metals trading sideways on a stabilized dollar
and in-line U.S. jobs data - Miguel Perez-Santalla at Heraeus.
* Underlying support seen as SPDR Gold Trust posted inflow
for second consecutive day earlier this week. [GOL/SPDR]
* Comex estimated 10 a.m. volume at 87,961 contracts.
* Spot gold XAU= at $1,139, compared with $1,131.45 late
in New York in the previous session.
* London gold afternoon fix XAUFIX= at $1,135.
SILVER
* May SIK0 up 32.4 cents, or 1.9 percent, at $17.500 an
ounce, taking the lead from stronger gold.
* Range $17.135 to $17.515.
* COMEX estimated 10 a.m. volume at 18,033 contracts.
* Spot silver XAG= at $17.43 an ounce, compared with the
previous session's $17.10 late quote in New York.
* London silver XAGFIX= fix at $17.25 an ounce.
PLATINUM
* April PLJ0 up 90 cents at $1,584.50 an ounce on
industrial metal gains led by copper.
* Spot platinum XPT= at $1,580.50 an ounce.
PALLADIUM
* June palladium PAM0 up $12.25, or 2.6 percent, at
$475.45 an ounce on investment demand and better fundamentals
due to optimism in U.S. auto sales.
* Spot palladium XPD= at $471 an ounce.
Prices at 10:37 a.m. EST (1537 GMT)
Last Change Pct 2009 YTD
Chg Close % Chg
US gold GCJ0 1139.80 6.70 0.6 1096.20 4.0
US silver SIK0 17.485 0.309 1.8 16.845 3.8
US platinum PLJ0 1585.20 1.60 0.1 1471 7.8
US palladium PAM0 475.45 12.25 2.6 408.85 16.3
Gold XAU= 1139.10 7.65 0.7 1096.35 3.9
Silver XAG= 17.45 0.35 2.0 16.84 3.6
Platinum XPT= 1579.50 3.00 0.2 1465.50 7.8
Palladium XPD= 471.00 12.50 2.7 405.50 16.2
Gold Fix XAUFIX= 1135.00 0.00 0.0 1104 2.8
Silver Fix XAGFIX= 17.25 -9.00 -0.5 16.99 1.5
Platinum Fix XPTFIX= 1578.00 1.00 0.1 1466 7.6
Palladium Fix XPDFIX= 466.00 1.00 0.2 402 15.9
(Reporting by Frank Tang; Editing by Lisa Shumaker)
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