NEW YORK, Oct 23 (Reuters) - New York gold futures ended lower in choppy trade on Friday, reversing gains from earlier in the session as the dollar rebounded against a basket of
major currencies after an optimistic U.S. housing report and bleak U.K. economic data.

GOLD

* December gold futures GCZ9 settle down $2.20 at $1,056.40 an ounce on the COMEX division of the New York Mercantile Exchange.

* Ranged from $1,050.40 to $1,068.80. December scaled a record high $1,072 on Oct. 14.

* Gold turns lower as dollar adds gains to euro and yen after strong U.S. housing data.

* A survey shows U.S. existing home sales rose to a two-year high, a sign that the housing market is on the mend.

* Earlier in the session, December contract rose toward $1,070 as dollar stayed weak against euro.

* Gold buying supported as dollar hovers near 14 month lows against the euro; sterling down vs dollar.

* Dollar strength also supported by news that British economy contracted in Q3. [ID:nLN250789]

* Gold's losses limited due to expectations of a still weakened dollar in near term - HSBC

* The euro advances 1 percent vs the dollar this week, rising 2.7 pct so far in October.

* Investors favor gold amid worries that global currency depreciation could erode the value of paper assets.

* Gold weighed down by falling oil, which drops more than 1 percent to just over $80 a barrel.

* Gold-to-oil ratio hovers just above 13 at 13.14, up from previous session's 13.06.

* COMEX estimated 1 p.m. volume at 143,891 lots.

* Spot gold XAU= at $1,053.65 an ounce at 2:04 p.m. EDT (1804 GMT), against $1,060 late in New York in the previous session.

* London afternoon gold fix XAUFIX= $1,061.75.

SILVER

* December silver SIZ9 ends up 17.8 cents, or 1 percent,
at 17.723 an ounce on strength of industrial metals.

* Ranged $17.450 to $17.970.

* COMEX estimated 1 p.m. volume at 38,878 lots.

* Spot silver XAG= was at $17.62, versus its previous finish of $17.65 an ounce.

* London silver fix XAGFIX= at $17.65 an ounce.

PLATINUM

* January platinum PLF0 finishes down 40 cents in directionless trade at $1,369.50 an ounce on profit taking.

* Spot platinum XPT= was at $1,354.50, compared with its previous finish of $1,365.

PALLADIUM

* December palladium PAZ9 closes down 30 cents at $339.45 an ounce, tracking palladium.

* Spot palladium XPD= was at $333.50, compared with its previous session close at $334.

Close Change Pct 2008 YTD

Chg Close % Chg
US gold GCZ9 1056.40 -2.2 -0.2 884.3 19.5
US silver SIZ9 17.723 0.178 1.0 11.295 56.9
US platinum PLF0 1369.50 -0.40 0.0 941.50 45.5
US palladium PAZ9 339.45 -0.30 -0.1 188.70 79.9
Prices at 2:07 p.m. EDT (1807 GMT)
Gold XAU= 1053.45 -6.55 -0.6 878.20 20.0
Silver XAG= 17.64 -0.01 -0.1 11.30 56.1
Platinum XPT= 1355.00 -10.00 -0.7 924.50 46.6
Palladium XPD= 333.50 -0.500 -0.1 184.50 80.8
Gold Fix XAUFIX= 1061.75 0.50 0.0 836.50 26.9
Silver Fix XAGFIX= 17.65 10.00 0.6 14.76 19.6
Platinum Fix XPTFIX= 1372.00 3.00 0.2 1529 -10.3
Palladium FixXPDFIX= 338.00 3.00 0.9 365.0 -7.4
(Reporting by Frank Tang; Editing by David Gregorio)

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