New York gold futures rose nearly 2 percent to a one-week high on Monday, finishing above $900 an ounce on a combination of weaker dollar, renewed inflation worries and signs of rising physical demand from top bullion consumer India. Gold for June delivery settled up $14.00, or 1.6 percent, to $902.20 an ounce on the COMEX division of the New York Mercantile Exchange.
GOLD: Volume remained thin as London's bullion market was shut for a bank holiday. Non-commercial net long positions in gold futures increased slightly, while open interest rose 1 percent in the week up to April 28 - CFTC report. Gold-oil ratio inched up to 16.52 from 16.66 the previous session. Spot gold traded at $901.85 an ounce at 2:22 pm EDT (1822 GMT), up 1.8 percent from its late Friday quote in New York.
SILVER: COMEX July silver ended up 61.30 cents, or 4.9 percent, at $13.113 an ounce on the back of gold's rally. Ranged from $12.440 to $13.155. Spot silver was at $13.06 an ounce, up 4.8 percent from its previous finish.
PLATINUM: NYMEX July platinum finished up $25.60, or 2.3 percent, at $1,122.00 an ounce, rebounding after last week's sharp decline on autocatalyst demand worries following Chrysler's bankruptcy filing.
Another bankruptcy filing by General Motors or possibly Ford would take a bigger toll on platinum because of their size - UBS Investment Bank. Platinum and palladium are used to clean exhaust fumes from vehicles. Spot platinum at $1,116.00 an ounce, up 2.6 percent from its late Friday quote.
PALLADIUM: June palladium tracked platinum to close up $8.40, or 3.9 percent, at $222.30 an ounce. Spot palladium was at $219.50 an ounce, up 3.1 percent from its previous finish.
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