Sunday, August 8, 2010

US bullion falls on distinction receiving Chinese tightening

Fri Mar 12, 2010 4:11pm EST

NEW YORK, March 12 (Reuters) - New York gold futures endedlower on Friday despite a weaker dollar, pressured by preweekendposition-squaring and possible monetary tightening by China. * For the latest detailed report, click on [GOL/]. GOLD * COMEX April GCJ0 settles down $6.50 at $1,101.70 anounce. * Range between $1,119.50 and $1,097.30 -- lowest since Feb.25. * Profit-taking ahead of the weekend, worries about Chinesemonetary tightening weigh on prices - George Gero at RBC. * Speculation on further money tightening by China also exertspressure - traders. * Dollar dropped to a one-month low against the euro asinvestors pared back large bearish bets on the euro and sterling.[USD/] * Gold rose earlier in the session as the dollar weakenedagainst the euro. * Initial gains boosted by a positive U.S. retail salesreport, bolstering hopes of sustainable economic recovery. * April contract holding above $1,100, indicating underlyingsupport - traders. * COMEX gold final volume at 155,761 lots. * Spot gold XAU= at $1,102.30 an ounce at 3:45 p.m. EST(2045 GMT), versus the $1,109.30 late in New York in the previoussession. * London gold afternoon fix XAUFIX= at $1,106.25. SILVER * May SIK0 ends down 11.2 cents at $17.048 an ounce on lowerindustrial metals. * Range spans $16.960 to $17.350. * COMEX silver final volume at 28,559 lots. * Spot silver XAG= at $17.03, against $17.16 an ounce in theprevious session late quote in New York. * London silver XAGFIX= fixed at $17.31 an ounce. PLATINUM * April PLJ0 finishes down $4.30 at $1,608.40 an ounce onbroad-based commodities weakness. * Spot platinum XPT= at $1,603.50 an ounce. PALLADIUM * June palladium PAM0 closes up $2.15 at $463.15 an ounce onbargain hunting. * Spot palladium XPD= at $461 an ounce. Close Change Pct 2009 YTD Chg Close % ChgUS gold GCJ0 1101.70 -6.5 -0.6 1096.20 0.5US silver SIK0 17.048 -0.112 -0.7 16.845 1.2US platinum PLJ0 1608.40 -4.30 -0.3 1471.00 9.3US palladium PAM0 463.15 2.15 0.5 408.85 13.3Prices at 3:30 p.m. EST (2030 GMT)Gold XAU= 1101.85 -7.45 -0.7 1096.35 0.5Silver XAG= 17.02 -0.14 -0.8 16.84 1.1Platinum XPT= 1605.00 -4.50 -0.3 1465.50 9.5Palladium XPD= 460.50 2.500 0.5 405.50 13.6Gold Fix XAUFIX= 1106.25 -12.50 -1.1 1104 0.2Silver Fix XAGFIX= 17.31 40.00 2.4 16.99 1.9Platinum Fix XPTFIX= 1619.00 0.00 0.0 1466 10.4Palladium FixXPDFIX= 464.00 2.00 0.4 402 15.4 (Reporting by Frank Tang; editing by Jim Marshall)

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