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RTRS: US gold drops as investors take profits
 
NEW YORK, Oct 15 (Reuters) - U.S. gold futures fell
Thursday on profit-taking, as the market consolidated gains
following a sharp rally to record highs in the last two
sessions.
For the latest detailed report, click on [GOL/].
GOLD
* December gold futures GCZ9 down $5.60 at $1,059.10 an
ounce at 11:04 a.m. EDT (1504 GMT) on the COMEX division of the
New York Mercantile Exchange.
* Range from $1,047.40 to $1,066.80. December scaled a
record high $1,072 on Wednesday.
* Dollar lower but halts downward trend, pressures gold.
* Gold's recent rise led by currency worries rather than
inflation.
* Citigroup, Goldman results stir credit concerns.
* Pullback possible as open interest held above 500,000
lots.
* New buying difficult at record levels following sharp
rally, floor trader said.
* Gold-to-oil ratio at 14.03, down from previous session's
14.12.
* COMEX estimated 10 a.m. volume at 84,549 lots.
* Spot gold $1,057.80 an ounce, against $1,061.90 late
Wednesday in New York.
* London afternoon gold fix XAUFIX= $1,053.50.
SILVER
* December silver SIZ9 down 24.3 cents, or 1.3 percent,
at $17.665.
* Market takes breather after solid gains.
* Range $17.360 to $18.
* COMEX estimated 10 a.m. volume at 18,818 lots.
* Spot silver XAG= was at $17.61, versus its previous
finish of $17.85 an ounce.
* London silver fix XAGFIX= at $17.54 an ounce.
PLATINUM
* January platinum PLF0 down $9.30 at $1,357.30 an ounce
on broad-based metals weakness.
* Spot platinum XPT= was at $1,349, compared with its
previous finish of $1,358.
PALLADIUM
* December palladium PAZ9 down $1 at $329.80 an ounce,
down with platinum.
* Spot palladium XPD= was at $325.50, compared with its
previous session close at $326.50.
Prices at 11:04 a.m. EDT (1504 GMT)
Last Change Pct 2008 YTD
Chg Close % Chg
US gold GCZ9 1058.70 -6.00 -0.6 884.30 19.7
US silver SIZ9 17.675 -0.233 -1.3 11.295 56.5
US platinum PLF0 1358.90 -7.70 -0.6 941.50 44.3
US palladium PAZ9 329.80 -1.00 -0.3 188.70 74.8
Gold XAU= 1057.50 -4.40 -0.4 878.20 20.4
Silver XAG= 17.65 -0.20 -1.1 11.30 56.2
Platinum XPT= 1350.00 -8.00 -0.6 924.50 46.0
Palladium XPD= 326.00 -0.50 -0.2 184.50 76.7
Gold Fix XAUFIX= 1053.50 1.00 0.1 836.50 25.9
Silver Fix XAGFIX= 17.54 -39.00 -2.2 14.76 18.8
Platinum Fix XPTFIX= 1337.00 10.00 0.7 1529.00 -12.6
Palladium Fix XPDFIX= 326.00 1.00 0.3 365.00 -10.7
(Reporting by Frank Tang; Editing by Lisa Shumaker)

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