US gold closes strong, off $1,100/oz, on weak jobs

NEW YORK, Nov 6 (Reuters) - U.S. gold futures finished Friday moderately higher, pulling off from the $1,100 per ounce all-time high, but remaining strong as investors sought their safety after the October U.S. labor market data came in much weaker than expected, traders said.

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

GOLD

* COMEX December gold ended $6.4 higher at $1,095.70 an ounce.

* Range spanned $1,086.50 to a new record at $1,101.90

* Gold alone among metals rose to a new all-time high as investors sought a safe-haven investment after the dismal U.S. employment reading suggested more economic weakness - traders.

* "Gold rallied early on the unemployment numbers being higher than expected. It fueled thoughts of additional stimulus and reinforced the concept that the Fed will not be able to raise rates any time soon," said Frank McGhee, head precious metals trader at Integrated Brokerage Services in Chicago.

* U.S. employers cut 190,000 jobs in October greater than the 175,000 forecast. The unemployment rate rose to 10.2 percent, a 26-1/2-year high above average forecasts of a 9.9 percent rate. [ID:nN06178752] and [ID:nN06177960]

* Dollar declines against the yen and the euro over worries about the U.S. economy following slack jobs figures helped bolster gold purchases - traders. [USD/]

* Gold was also underpinned by expectations of renewed central bank interest after an IMF sale of 200 tonnes of gold to India this week - traders.

* COMEX estimated final volume at a healthy 164,334 lots.

* Spot gold , by 2:35 p.m. EST (1935 GMT), was higher at $1,095.15 an ounce than the $1,088.95 quote late in New York on Thursday, but below the $1,100.90 record hit after the U.S. jobs data.

* London's afternoon gold fix was set at $1,096.75 an ounce.

SILVER

* December silver finished 3.50 cents lower at $17.3750 an ounce, moving down with other industrial metals.

* Range ran from $17.27 to $17.630.

* Silver slipped after the weak reading of the U.S. labor market hurt the outlook for industrial metals demand.

* COMEX estimated volume final at 41,368 lots.

* Spot silver was at $17.34, down from $17.36 in the previous session in New York.

* London silver fix was set at $17.525.

PLATINUM

* January platinum lost $14.70 cents to end at $1,348.20 an ounce.

* Spot platinum came to $1,338.0 in late Friday business, off the previous session quote of $1,352.50 in New York.

PALLADIUM

* December palladium fell $1.15 to close at $330.70 an ounce.

* Spot palladium stood nearly even at $328.50 with the prior session's late quote. (Reporting by Carole Vaporean; Editing by Marguerita Choy)