Wed Dec 9, 2009 3:58pm EST
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 NEW YORK, Dec 9 (Reuters) - U.S. gold futures hit their
lowest level in more than three weeks on Wednesday, falling
sharply for a fourth-straight session as expectations of a
dollar bounce and easing inflation sent bullion investors
racing to cut positions.

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

 GOLD

 * COMEX February gold GCG0 settles down $22.50, or 2
percent, at $1,120.90 an ounce on the NYMEX.

 * Ranging from $1,148.40 and $1,120.70. After settlement,
February contract fell further to hit $1,117 - the lowest price
since Nov. 13.

 * Liquidation from fast money into gold on the premise of
dollar assets diversification pressuring the metal - Adam
Klopfenstein at Lind-Waldock.

 * Easing inflation worries because of uncertainty about the
nascent economic recovery also weigh down on gold -
Klopfenstein.

 * Bullion holdings in SPDR Gold Trust dropped nearly 14
tonnes or 1.2 percent, the largest one-day redemption since
July. [GOL/SPDR]

 * Movements in gold ETFs could indicate near-term direction
for gold prices - dealers.

 * Sovereign credit worries have not lifted gold, signaling
that the weak dollar drove last week's rally - Commerzbank.

 * Currency movements should be key to gold's short-term
direction given near record COMEX speculative positions -
Barclays Capital.

 * Gold-to-oil ratio at 15.93, up from the previous
session's 15.59.

 * Spot gold XAU= at $1,128.80 an ounce at 3:37 p.m. EST
(2037 GMT), against the previous session in New York at
$1,129.30.

 * COMEX estimated final volume at a busy 242,444 lots.

 * London's afternoon gold fix XAUFIX= at $1,146.75 an
ounce.

 SILVER

 * March silver SIH0 finishes down 62.70 cents, or 3.5
percent, at $17.180 an ounce, tracking gold's positive
turnaround.

 * Ranging from $17.91 to $17.17.

 * COMEX estimated final volume at 43,456 lots.

 * Spot silver XAG= was at $17.43, against $17.59 in the
previous session in New York.

 * London silver fix XAGFIX= at $18.11.

 PLATINUM

 * January platinum PLF0 ends down $31.20, or 2.2 percent,
at $1,409.20 an ounce as economic news fails to give the
platinum group metals market a firm direction.

 * Spot platinum XPT= at $1,415 an ounce.

 PALLADIUM

 * March palladium PAH0 closes down $9.80, or 2.6 percent,
$365.55 an ounce, taking the lead from platinum.

 * Spot palladium XPD= at $361.50 an ounce.

                     Close Change Pct 2008 YTD

                                     Chg Close % Chg
US gold GCG0 1120.90 -22.5 -2.0 884.3 26.8
US silver SIH0 17.180 -0.627 -3.5 11.295 52.1
US platinum PLF0 1409.20 -31.20 -2.2 941.50 49.7
US palladium PAH0 365.55 -9.80 -2.6 188.70 93.7
Prices at 3:49 p.m. EST (2049 GMT)
Gold XAU= 1130.10 0.80 0.1 878.20 28.7
Silver XAG= 17.43 -0.16 -0.9 11.30 54.2
Platinum XPT= 1414.50 4.50 0.3 924.50 53.0
Palladium XPD= 361.50 -5.500 -1.5 184.50 95.9
Gold Fix XAUFIX= 1141.00 -1.25 -0.1 836.50 36.4
Silver Fix XAGFIX= 17.77 -34.00 -1.9 14.76 20.4
Platinum Fix XPTFIX= 1422.00 2.00 0.1 1529 -7.0
Palladium FixXPDFIX= 367.00 2.00 0.5 365.0 0.5
(Reporting by Frank Tang; Editing by Marguerita Choy)