US gold hits fresh record highs on dollar weakness

NEW YORK, Nov 4 (Reuters) - U.S. gold futures hit fresh record highs on Wednesday for a second straight day and are approaching $1,100 an ounce, as a weaker dollar boosted the metal's appeal as a hedge against currency depreciation.

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

GOLD

* December gold up $9.90 at $1,094.80 an ounce at 10:42 a.m. EST (1542 GMT) on the COMEX division of the New York Mercantile Exchange.

* Range from $1,080.50 to $1,096.50.

* Gold boosted by economic optimism on a Wall Street rally, which erodes the dollar's safe-haven appeal.

* Dollar at session lows against euro following an optimistic U.S. non-manufacturing economic indicator. [USD/]

* Sentiment strong on expectations of renewed central bank interest after IMF sold 200 tonnes of gold to India on Monday.

* Gold boosted on the notion that India could buy more from the IMF, or more IMF gold could be sold to central banks without weighing down on the open market - traders.

* COMEX estimated 10 a.m. volume at a busy 123,070 lots.

* Rising oil supports gold. U.S. crude oil rose over $1 to above $80 a barrel.

* Gold-to-oil ratio at 13.53, down from 13.67 in the previous session.

* Spot gold was at $1,091.70 per ounce, up from $1,084.50 quoted late in the previous session in New York.

* London's afternoon gold fix at $1,090.

SILVER

* December silver up 34.5 cents, or 2 percent, at $17.525 an ounce, rising with gold.

* Range from $17.105 to $17.635.

* COMEX estimated 10 a.m. volume at 24,635 lots.

* Spot silver was at $17.53, versus $17.20 in the previous session in New York.

* London silver fix at $17.48.

PLATINUM

* January platinum up $21, or 1.6 percent, at $1,377.20 an ounce, up on encouraging U.S. auto sales.

* Spot platinum was at $1,370, compared with late previous session quote of $1,355.50 in New York.

PALLADIUM

* December palladium up $4, or 1.2 percent, at $331.75 an ounce on platinum's gains.

* Spot palladium was at $329.50, compared with the previous session's close at $324.50. Prices at 10:42 a.m. EST (1542 GMT)

Last Change Pct 2008 YTD

Chg Close % Chg US gold 1094.40 9.50 0.9 884.30 23.8 US silver (USA.V - news) 17.585 0.405 2.4 11.295 55.7 US platinum 1378.80 22.60 1.7 941.50 46.4 US palladium 332.60 4.85 1.5 188.70 76.3 Gold 1093.10 8.60 0.8 878.20 24.5 Silver 17.55 0.35 2.0 11.30 55.3 Platinum 1371.00 15.50 1.1 924.50 48.3 Palladium 330.00 5.50 1.7 184.50 78.9 Gold Fix 1090.00 -1.75 -0.2 836.50 30.3 Silver Fix 17.48 113.00 6.9 14.76 18.4 Platinum Fix 1359.00 1.00 0.1 1529.00 -11.1 Palladium Fix 330.00 1.00 0.3 365.00 -9.6 (Reporting by Frank Tang; Editing by Lisa Shumaker)