NY Gold Ends Higher On Enlargement Fear, Weak Dollar It’s Latest News: LATEST INFORMATION ALL ABOUT GOLD

Mon May 4, 2009 3:42pm EDT
## NEW YORK, May 4 (Reuters) - New York gold futures rose, Nearly 2 percent to a one-week high on Monday, finishing above, $900 an ounce on a combination of weaker dollar, renewed, Inflation worries and signs of rising physical, demand from top, Bullion consumer of India, For the latest detailed report, click on [GOL/].

(A) GOLD
1) Gold for June delivery GCM9 settled up $14.00, or 1.6 Percent, to $902.20 an ounce on the COMEX division of the New York mercantile Exchange.
2) Ranged from $885.60 to $908.30.
3) Rally in gold futures triggered by a lower dollar against.
The euro and as investors added long positions following last Week’s decline traders.
4) Inflation concerns, weak dollar and optimistic view. Toward commodities are driving gold higher - Bill O'Neill,
managing partner at LOGIC Advisors.
5) A spate of positive U.S. economic data rekindled
Inflation worries, and that commodities funds showed an increased level of interest in the gold market - O'Neill.
6) Pending sales of previously owned homes rose for a second Straight month in March, while construction spending edged. Higher, suggesting a moderation in the housing slump. [ID: nN04392840]
7) Uncertainties ahead of stress test results on U.S. banks boosted safe-haven buying of gold - traders.
8) Gold mining stocks, measured by the Gold Bugs index HUI, also jumped more than 5 percent on the back of a Wall
Street rally.
9) Broad S&P 500-index .SPX rose above the psychologically Important 900 levels for the first time since January.
10) India imported about 30 tones of gold in April, up 25 Percent from the same month last year, helped by a drop in prices and festival demand - trade body.
11) Volume remained thin as London's bullion market was shut for a bank holiday.
12) Noncommercial net long positions in gold futures increased slightly, while open interest rose 1 percent in the
week up to April 28 - CFTC report. [ID: nN01338621]
13) Gold/oil ratio inched up to 16.52 from 16.66 the previous session.
14) Spot gold traded at $901.85 an ounce at 2:22p.m.EDT (1822 GMT), up 1.8 percent from its late Friday quote in New York.

(B) PLATINUM
1) NYMEX July platinum PLN9 finished up $25.60, or 2.3 percent, at $1,122.00 an ounce, rebounding after last week's
Sharp decline on auto catalyst demand worries following Chrysler's bankruptcy filing.
2) Another bankruptcy filing by General Motors or possibly Ford would take a bigger toll on platinum because of their size - UBS Investment Bank.
3) Platinum and palladium are used to clean exhaust fumes from vehicles.
4) Spot platinum at $1,116.00 an ounce, up 2.6 Percent from its late Friday quote.

(C) PALLADIUM

1) June palladium PAM9 tracked platinum to close up $8.40,or 3.9 percent, at $222.30 an ounce.
2) Spot palladium was at $219.50 an ounce, up 3.1 Percent from its previous finish.
(Reporting by Frank Tang; Editing by David Gregorio.


(D) SILVER

1) COMEX July silver SIN9 ended up 61.30 cents, or 4.9 percent, at $13.113 an ounce on the back of gold's rally.
2) Ranged from $12.440 to $13.155.
3) Spot silver was at $13.06 an ounce, up 4.8 percent from its previous finish.

More News Link: New Pacific Metals Corp.