New York gold futures were hit at midsession on Monday as the dollar renewed its gains against the euro in choppy pre-holiday business, traders said. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange tumbled to a low of $1,090.80 an ounce, a level last seen on November 6.
Spot gold moved down to $1,106.70 an ounce by 10:41 am EST (1541 GMT) from $1,112.50 an ounce in late New York trade on Friday. Comex estimated 10 am EST (1500 GMT) gold volume 63,868 lots. March silver fell 9 cents to $17.23 an ounce. Range spanned $17.1550 to $17.5250 per ounce. Spot silver dropped to $17.18 an ounce from $17.27 an ounce in late Friday dealings.
Nymex January platinum was up $1.60 at $1,430.90 an ounce. Spot platinum was quoted slightly lower at $1,425.50 an ounce from $1,428 an ounce. March palladium dropped 5 cents to $367.85 an ounce. Spot palladium was quoted higher at $363.50 an ounce from $362 an ounce previously.
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