New York gold futures ended 1 percent lower on Monday as a Wall Street rally lessened safe-haven demand, triggering stop-loss orders and profit-taking. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 settled down $9.60, or 1 percent, at $921.70 an ounce on the COMEX division of the New York Mercantile Exchange. * Ranged from $918.10 to $934.10. * Gold futures pressured by profit-taking after a 2.5 percent jump in broad S&P 500 index prompted bullion investors to switch funds out of the metals market - traders. * The notion of a possible economic recovery triggered sell stops in gold futures - George Gero, vice president of RBC Capital Markets Global Futures. * Sharp gains in crude oil futures, which traded less than $1 away from the $60 per barrel mark, boosted gold's status as an inflation hedge - traders. * Investor sentiment was less bullish after data showed higher net long positions combined with a jump in open interest in the week up to May 12, suggesting short-term bullion traders could take profits - weekly CFTC report. [ID:nN15297756] * Gold/oil ratio at 15.59, lower than the 16.41 of its previous session. * COMEX estimated final volume at 130,095 lots. * Spot gold traded at $921.55 an ounce at 3:07 p.m. EDT (1907 GMT), down 1 percent from its late Friday quote in New York. * London gold fix $921.00 an ounce. SILVER * COMEX July silver SIN9 ended down 18.00 cents, or 1.3 percent, at $13.830 an ounce, as the more volatile metal took direction from the gold market. * Ranged from $13.63 to $14.08. * COMEX estimated final volume at 19,419 lots. * Spot silver was at $13.80 an ounce, down 0.9 percent from its previous finish. * London silver fix at $13.79 an ounce. PLATINUM * NYMEX July platinum PLN9 finished up $28.60, or 2.6 percent, at $1,137.60 an ounce, after the release of a bullish industry report and as a stock rally brightened the outlook for auto sector demand. * An anticipated bankruptcy filing by General Motors Corp (GM.N: Quote, Profile, Research) by the end of May, however, should not drastically dent platinum autocatalyst demand, unless the car industry slashes production further from its current dismal level - analysts [ID:nN18382606] * Global demand from automakers for platinum catalytic converters dropped more than 8 percent to 3.81 million ounces in 2008, as North American vehicle output tumbled amid the economic slowdown - Johnson Matthey. [ID:nN15560493] * Spot platinum at $1,129 an ounce, up 2.6 percent from its late Friday quote. PALLADIUM * June palladium PAM9 closed up $3.05, or 1.3 percent, at $230 an ounce, tracking platinum. * Spot palladium was at $225.50 an ounce, up 1.4 percent from its previous finish.

Source