US gold futures soared nearly 3 percent on Thursday, closing near a one-week high as news of a bullion coin shortage, a slump in the dollar and an oil rally helped put the shine back on commodities. December settled at up $22.70, or 2.8 percent, at $839.00 an ounce on COMEX. Range traded was $816.60 to $845.00, a one-week high.
Gold supported as the dollar slide makes gold and other commods cheaper for overseas investors. Euro up as much as 1 percent to a session peak of $1.4732. Spot gold at $832.40/833.40 at 2:15 p.m. EST (1815 GMT), versus Wednesday's US close at $810.35/811.75 late Wednesday. September silver ended up 68.7 cents, 5.3 percent, at $13.727 an ounce, in a $13.185 to $13.875 range.
Less liquid silver outperforms gold on pent-up buying, as precious metals complex buoyed by weak dollar, rallying oil. Spot silver at $13.80/13.87 compared with $13.15/13.21 close. October platinum soared 6.6 percent, closed up $89.90 at $1458.80 an ounce. Bargain hunting after recent pullback helps. Spot platinum at $1,449.50/1,469.50. September palladium finished $10.60 higher at $289.15 an ounce. Spot palladium at $286.00/294.00.
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