PRECIOUS METALS: NY Gold Seen Down $20, Silver Down 70 Cents DOW JONES NEWSWIRES December gold futures are expected to open floor trading in New York around $20 an ounce lower Friday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. December silver is expected to be down 70 cents an ounce. Spot gold hit a 13-month low overnight, battered by a rising U.S. dollar and further liquidation amid another plunge in financial markets, London-based analysts said. Commodities across the board were lower. At 7:53 a.m. EDT, spot gold was trading down $30.75 to $693.25. In other markets that have the potential to impact metals in the short term, the euro is down to $1.2593 from $1.2934 late Thursday afternoon. In screen trading ahead of the pit open, the December S&P 500 futures are limit down 60 points to 855.20. December crude oil is down $4.93 to $62.91 a barrel in overnight activity. The main U.S. economic report on the calendar Friday is September existing-home sales at 10 a.m. EDT (1400 GMT). The forecast is for a 1.2% rise to an annual rate of 4.97 million units. In New York Thursday, fund selling and a rising U.S. dollar pushed gold futures to their lowest point in more than a year, but the metal quickly recouped some losses after breaking key $700 support. December gold fell $20.50, or 2.7%, to settle at $714.70 an ounce. December silver, however, bounced back from its weakness to post a 4-cent gain to $9.50. Comex gold warehouse stocks were down 107 ounces at 8,559,416 ounces Thursday, while silver stocks were down 602,065 ounces at 131,530,256 ounces. -By Allen Sykora, Dow Jones Newswires; 541-318-8765; allen.sykora@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=7M4aS1rE8qLXeI8Zfy29Mw%3D%3D. You can use this link on the day this article is published and the following day.

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