US gold futures ended higher for a sixth straight session on Friday despite a dollar rise, and a late session rally in the face of a stronger dollar could boost sentiment early next week, traders said. COMEX December gold settles up $4.90 at $1,146.80 an ounce on the NYMEX. Range spanned from $1,132.50 to $1,148.50. It hit a record $1,153.40 set on Wednesday.
GOLD: After Friday's settlement, December hit a high $1,150.50. Gold initially pressured as the dollar rose for a second straight session as investors cut risk exposure. Technical buying and short covering started late session rally - Frank McGhee at Integrated Brokerage Services.
Strong buying may boost prices early next week - McGhee. Gold ended higher than a week earlier for a third straight session. Gold's ability to stem losses despite weaker equities and oil prices drop signal strong buying interest - traders. December $1,200 call strike options set to expire worthless on Monday, despite strong open interest - option traders.
Gold-to-oil ratio at 14.93, up from the previous session's 14.74. COMEX estimated final volume at 192,162 lots. Spot gold at $1,149.45 an ounce at 3:25 pm EST (2025 GMT), compared with $1,143.50 late in the previous session in New York. London's afternoon gold fix at $1,140 an ounce. For a gold price interactive graphic:
SILVER: December silver ends down 1.5 cent at $18.440 an ounce, tracking gold's weakness. Ranged from $18.035 to $18.595. COMEX estimated final volume at 51,595 lots. Spot silver was at $18.46 against $18.51 in the previous session in New York. London silver fix at $18.18.
PLATINUM: January platinum finishes down $2 at $1,441.90 an ounce on broad-based commodities weakness amid a strong dollar. Spot platinum $1,442.50 an ounce.
PALLADIUM: December palladium closes down $5.55, or 1.5 percent, at $364.35 an ounce on platinum's weakness. Spot palladium $361 an ounce.
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