New York gold futures ended higher on Tuesday as positive U.S. economic data and inflation concerns revived fund interest, but increasing risk appetite amid better stock markets could dent safe-haven demand. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 settled up $2.10 at $904.30 an ounce on the COMEX division of the New York Mercantile Exchange. * Ranged from $900.90 to $916.70. * Positive U.S. housing and construction data showed the economy could recover faster than expected, rekindling inflation worries and supporting gold - traders. * Renewed fund interest apparent, given possible uptick in inflation, amid higher gold futures open interest, closing prices and trading volume - George Gero, vice president of RBC Capital Markets Global Futures. * Initial rally fizzled because of stock market stability and weak Turkish import, and higher risk appetite and a lack of clear evidence that inflation could also pressure gold - Tom Pawlicki, precious metals and energy analyst at MF Global. * Gold mining stocks, measured by the Gold Bugs index .HUI, turned lower after Monday's sharp equities rally. * Gold futures largely ignored news that Russian gold output rose by 42 percent to 31.39 tonnes in the first quarter from a year ago mainly due to increased gold processing capacity - Russia's main industry lobby. [ID:nL5956426] * Turkey's gold imports fell 97.5 percent in April to 25.698 kilos from 1,030 kilos a year before - Istanbul Gold Exchange data. * Gold/oil ratio inched up to 16.76 from 16.52 the previous session. * COMEX gold futures open interest up 2,520 at 334,360 lots as of May 4. * Spot gold traded at $901.80 an ounce at 2:14 p.m. EDT (1824 GMT), down just a hair from its late Monday quote in New York. * The London afternoon gold fix was $910.00 an ounce. SILVER * COMEX July silver SIN9 finished up 30.70 cents, or 2.3 percent, at $13.420 an ounce, as less liquid silver outperformed gold on the back of a broad precious metals rally. * Ranged from $12.995 to $13.615. * Spot silver was at $13.34 an ounce, up 2.5 percent from its previous finish. * The London silver fix at $13.110 an ounce. PLATINUM * NYMEX July platinum PLN9 ended up $15.90, or 1.4 percent, at $1,137.90 an ounce as a brighter economic outlook should boost autocatalyst demand. * A bankruptcy filing by General Motors or Ford would take a bigger toll on platinum autocatalyst demand than the Chrysler filing because of their bigger size - analysts. * Platinum and palladium are used to clean exhaust fumes from vehicles. * Spot platinum at $1,127.50 an ounce, up 0.9 percent from its late Monday quote. PALLADIUM * June palladium PAM9 tracked platinum to close up 60 cents at $222.90 an ounce. * Spot palladium was at $219.00 an ounce, up 0.5 percent from its previous finish.

Source