US gold futures hit all-time highs above $1,180 an ounce Wednesday, as investor sentiment improved based on a broadly lower dollar and a report that India may buy more gold from the International Monetary Fund. COMEX December gold up $13.40, or 1.1 percent, at $1,179.20 an ounce at 9:51 am EST (1451 GMT) on the NYMEX. Ranged from $1,166.80 to $1,183.20 - an all-time high.
COMEX estimated 10 am volume at 157,737 lots, partly driven by December-February contract rollover. Spot gold at $1,179.75 an ounce, compared with $1,168.90 late in the previous session in New York. December silver up 19 cents at $18.645 an ounce, tagging on record gold. Ranged from $18.520 to $18.755.
COMEX estimated 10 am volume at 36,793 lots. Spot silver was at $18.62, against $18.49 in the previous session in New York. January platinum up $30.70, or 2.1 percent, at $1,474.50 an ounce on better economic sentiment. Spot platinum $1,469 an ounce. Spot palladium $370 an ounce.