New York gold futures ended higher on Wednesday after hitting a six-week high, supported by buying by gold-backed exchange-traded funds and alternative-investment demand amid losses on Wall Street, traders said. Gold for June delivery settled up $2 at $925.90 an ounce on the COMEX division of the New York Mercantile Exchange.
GOLD: Ranged from $917.80 to $931.40 the highest price since April 2. COMEX estimated 1 pm EDT (1700 GMT) volume at a heavy 111,638 lots. COMEX open interest up 8,694 at 359,517 lots, suggesting fund buying and higher price volatility - traders. Spot gold traded at $926.20 an ounce at 2:27 pm, up 0.5 percent from its late Tuesday quote in New York.
SILVER: COMEX July silver ended down 19.50 cents, or 1.4 percent, at $14.020 an ounce as weaker stock markets prompted light profit-taking in industrial metals. Ranged from $13.88 to $14.37.
PLATINUM: NYMEX July platinum finished down $8.90 at $1,123.20 an ounce as gloomy outlook for the auto sector dampened demand for platinum and palladium as catalytic converter. Spot platinum at $1,110.00 an ounce, down 1.8 percent from its late Tuesday quote.
PALLADIUM: June palladium closed down $7.70, or 3.3 percent, at $226.75 an ounce, tracking platinum's weakness Spot palladium was at $220.50 an ounce, down 5.2 percent from its previous finish.
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