New York gold futures fell further on Tuesday after US housing sales jumped more than expected, advancing the dollar's gains against the euro, and pushing yellow metal prices to lows last seen on November 3, traders said. Gold futures for February delivery on the COMEX division of the New York Mercantile Exchange extended earlier declines to fall by $17.40 to $1,078.60 an ounce.
GOLD: Range ran down to a seven-week low at $1,075.20 after the data release. High of $1,098.20 an ounce. Spot gold slipped to a seven-week low at $1,075.10 an ounce by 10:45 am EST (1545 GMT) from $1,090.65 an ounce in late New York trade on Tuesday. COMEX estimated 11 am EST (1600 GMT) gold volume 123,636 lots.
SILVER: March silver lost 16 cents to $16.8750 an ounce. Range spanned $16.78 to $17.15 per ounce. COMEX estimated 11 am silver volume at 19,960 lots. Spot silver slid to $16.82 an ounce from the previous session's late quote at $16.97 an ounce. London silver was fixed lower at $16.95 an ounce.
PLATINUM: NYMEX January platinum tumbled $23.50 to $1,400 an ounce. Spot platinum fell sharply to $1,391.50 an ounce.
PALLADIUM: March palladium was down $5.35 at $360.05 an ounce. Spot palladium was lower at $356.50 an ounce.
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