NEW YORK, March 9 (Reuters) - U.S. gold hit a 11-day low onTuesday, trading just above $1,110 an ounce as a combination ofdollar rise, weak crude oil and technical selling promptedprofit taking. * For the latest detailed report, click on [GOL/]. GOLD * COMEX April GCJ0 down $10 at $1,114 an ounce at 9:25a.m. EST (1425 GMT). * Ranged from $1,125.10 to $1,108.20 - lowest since Feb.26. * Risk-averse sentiment boosted the dollar and the yen,prompting investors to shrink gold positions - traders. [USD/] * Cautionary selling due to a firm dollar, weakerinvestment sentiment and weak technicals pressure gold - GeorgeGero at RBC. * April gold fell below support at 14-, 20-day movingaverages, and held just above the 50-day MA. * Profit-taking seen after CFTC report showed increase innet long noncommerical gold futures position. [ID:nN0597531] * Spot gold XAU= at $1,113.70 an ounce, down from$1,122.85 late in New York in the previous session. * London gold morning fix XAUFIX= at $1,120. SILVER * May SIK0 down 23.7 cents, or 1.4 percent, at $17.035 anounce, tracking gold. * Range $16.875 to $17.260. * Spot silver XAG= at $17.01 an ounce, compared with theprevious session"s $17.21 late quote in New York. * London silver XAGFIX= fix at $17.05 an ounce. PLATINUM * April PLJ0 down $19.1, or 1.2 percent, at $1,581 anounce on profit taking following Monday"s gains. * Spot platinum XPT= at $1,568.50 an ounce. PALLADIUM * June palladium PAM0 down $7.85, or 1.7 percent, at$463.50 an ounce as market consolidation continues after lastweek"s gains due to optimism about global autocatalyst demand. * Spot palladium XPD= at $455.50 an ounce.Prices at 9:02 a.m. EST (1402 GMT) Last Change Pct 2009 YTD Chg Close % ChgUS gold GCJ0 1112.50 -11.50 -1.0 1096.20 1.5US silver SIK0 16.975 -0.297 -1.7 16.845 0.8US platinum PLJ0 1575.00 -25.10 -1.6 1471 7.1US palladium PAM0 458.65 -12.70 -2.7 408.85 12.2Gold XAU= 1112.00 -10.85 -1.0 1096.35 1.4Silver XAG= 16.95 -0.26 -1.5 16.84 0.7Platinum XPT= 1569.00 -26.50 -1.7 1465.50 7.1Palladium XPD= 456.00 -14.00 -3.0 405.50 12.5Gold Fix XAUFIX= 1120.00 -5.75 -0.5 1104 1.4Silver Fix XAGFIX= 17.05 -28.00 -1.6 16.99 0.4Platinum Fix XPTFIX= 1584.00 19.00 1.2 1466 8.0Palladium Fix XPDFIX= 462.00 13.00 2.7 402 14.9 (Reporting by Frank Tang; Editing by Alden Bentley)
Currencies
No comments:
Post a Comment