U.S. gold rises on dollar retreat; platinum up

NEW YORK, Feb 1 (Reuters) - U.S. gold futures rose Monday
on dollar weakness and commodities gains, recouping some of
last week's losses, and strong exchange traded fund buying
boosted platinum group prices.

For the latest detailed report, click on [GOL/].

GOLD

* April GCJ0 up $4.60 at $1,088.40 an ounce at 9:57 a.m.
EST (1457 GMT) on COMEX division on NYMEX.

* Range $1,077.20 to $1,090.80.

* Bullion supported by dollar losses following a greenback
rally against euro last week. [USD/]

* Gold futures finished January more than 1 percent lower
from Dec. 31 close of $1,097.60.

* Sentiment improved after Obama projected U.S. budget
deficit to hit fresh record in 2010 - RBC. [ID:nN31157907]

* Gold holding well considering weakness in grains, energy
and dollar's strength - Dennis Gartman, independent investor.

* April contract currently hovering near 100-day moving
average support at $1,089.

* CFTC data shows speculative investors scaled back
exposure, which weighed on prices - Barclays. [ID:nN29139311]

* COMEX estimated 9 a.m. volume at 56,090 contracts.

* Gold/oil ratio at 14.88, up from 14.84 the previous day.

* Spot gold XAU= at $1,088.10, up from the previous
session's late quote of $1,079.20.

* London afternoon gold fix XAUFIX= at $1,082.

SILVER

* March SIH0 up 12 cents at $16.310 an ounce, tagging
gold's gains.

* Range $16.105 to $16.440.

* COMEX estimated 9 a.m. volume at 14,095 lots.

* Spot silver XAG= at $16.27, versus the previous
session's late quote of $16.16.

* London silver fix XAGFIX= at $16.23.

PLATINUM

* April PLJ0 up $16.20, or 1.1 percent, at $1,522.20 on
investment demand related to exchange traded funds.

* ETFS Platinum's (PPLT.P) holdings up 14 percent at
244,941 ounces as of Jan. 29; ETFS Palladium's (PALL.P)
holdings at 399,925 ounces.

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* Spot platinum XPT= at $1,517.

PALLADIUM

* March PAH0 up $12.35, or 3 percent, at $425 an ounce on
ETF buying.

* Spot palladium XPD= at $422.
Prices at 9:56 a.m. EST (1456 GMT)

Last Change Pct 2009 YTD

Chg Close % Chg
US gold GCG0 1088.20 5.20 0.5 1096.20 -0.7
US silver SIH0 16.315 0.125 0.8 16.845 -3.1
US platinum PLJ0 1522.90 16.90 1.1 1471 3.5
US palladium PAH0 425.05 12.40 3.0 408.85 4.0
Gold XAU= 1087.70 8.50 0.8 1096.35 -0.8
Silver XAG= 16.28 0.12 0.7 16.84 -3.3
Platinum XPT= 1518.50 18.50 1.2 1465.50 3.6
Palladium XPD= 422.50 9.50 2.3 405.50 4.2
Gold Fix XAUFIX= 1082.00 3.50 0.3 1104 -2.0
Silver Fix XAGFIX= 16.23 -6.00 -0.4 16.99 -4.5
Platinum Fix XPTFIX= 1520.00 4.00 0.3 1466 3.7
Palladium Fix XPDFIX= 424.00 5.00 1.2 402 5.5
(Reporting by Frank Tang; Editing by Walter Bagley)