US gold futures turned lower in quiet trade Monday on weak buying sentiment, as bullion investors stayed on the sidelines with European and other major metals markets closed since late last week for Christmas. Gold futures for February delivery down 60 cents at $1,104.20 an ounce on the COMEX division of the New York Mercantile Exchange by 11:10 am EST (1610 GMT).
GOLD: Ranged from $1,102.10 to $1,114.50. Trading volume thin as markets in Britain, Canada and Australia are shut for the observed Boxing Day holiday. Higher oil prices provide underlying support - traders. Spot gold at $1,104.10, up from Thursday's late quote of $1,103.80 an ounce. COMEX's estimated trading volume in gold at 44,042 lots by 10 am.
SILVER: March silver up 10.5 cents at $17.545 an ounce, tracking stronger industrial metals. Range spanned $17.465 to $17.690 an ounce. COMEX estimated 10 am silver volume at 7,045 lots. Spot silver at $17.49 an ounce versus the previous session's late quote at $17.50 an ounce.
PLATINUM: NYMEX January platinum up $15.10, or 1 percent, to $1,483 an ounce, extending the previous session's sharp rally. Investor sentiment bullish on expected regulatory approval of the first US platinum ETF. US Securities and Exchange Commission took a regulatory step last week that brought ETF Securities Platinum and Palladium trusts closer to final approval for trade. Spot platinum was at $1,481 an ounce.
PALLADIUM: March palladium up 75 cents at $390.40 an ounce. Spot palladium was at $385 an ounce.
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