Sunday, August 8, 2010

US bullion ends somewhat up; eyes financial tightening

Thu Mar 11, 2010 4:35pm EST

NEW YORK, March 11 (Reuters) - U.S. gold futures ended atad higher on Thursday as a mostly flat currency market failedto provide direction, but possible monetary tightening by Chinacould weigh on the bullion market, traders said. * For the latest detailed report, click on [GOL/]. GOLD * COMEX April GCJ0 settles up 10 cents at $1,108.20 anounce. * Range between $1,111.70 and $1,100.50, a two-week low. * Strong economic and inflation data out of China fuelsspeculation of monetary tightening - Bruce Dunn at Auramet. * Equities uncertainty prompts gold investors to takewait-and-see approach - Adam Klopfenstein at Lind-Waldock. * COMEX gold final volume at 127,129 lots. * April contract holding above $1,100, indicatingunderlying support - traders. * Spot gold XAU= at $1,108.45 an ounce at 4:09 p.m. EST(2109 GMT), versus the $1,107.85 late in New York in theprevious session. * London gold afternoon fix XAUFIX= at $1,104. SILVER * May SIK0 ends up 14.20 cents at $17.160 an ounce,helped by stronger industrial metals like copper. * Range spans $16.835 to $17.180. * COMEX silver final volume at 29,378 lots. * Spot silver XAG= at $17.14, against $16.97 an ounce inthe previous session late quote in New York. * London silver XAGFIX= fixed at $16.91 an ounce. PLATINUM * April PLJ0 finishes up $22.50, or 1.4 percent, at$1,612.70 an ounce on better risk appetite. * Spot platinum XPT= at $1,583 an ounce. PALLADIUM * June palladium PAM0 closes down $3.65 at $461 an ounce,tracking platinum. * Spot palladium XPD= at $450.50 an ounce. Close Change Pct 2009 YTD Chg Close % ChgUS gold GCJ0 1108.20 0.1 0.0 1096.20 1.1US silver SIK0 17.160 0.142 0.8 16.845 1.9US platinum PLJ0 1612.70 22.50 1.4 1471.00 9.6US palladium PAM0 461.00 -3.65 -0.8 408.85 12.8Prices at 3:47 p.m. EST (2047 GMT)Gold XAU= 1108.85 1.00 0.1 1096.35 1.1Silver XAG= 17.12 0.15 0.9 16.84 1.7Platinum XPT= 1608.50 16.50 1.0 1465.50 9.8Palladium XPD= 459.00 -2.500 -0.5 405.50 13.2Gold Fix XAUFIX= 1104.00 -2.00 -0.2 1104 0.0Silver Fix XAGFIX= 16.91 -56.00 -3.2 16.99 -0.5Platinum Fix XPTFIX= 1580.00 7.00 0.4 1466 7.8Palladium FixXPDFIX= 447.00 4.00 0.9 402 11.2 (Reporting by Frank Tang; editing by Julie Ingwersen)

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