NEW YORK, July 15 (Reuters) - The following are New York 
midsession prices and market updates for precious metals and 
copper: 
 
    GOLD 
    * August <GCQ9> up $17.70, or 1.9 percent, at $940.50 an ounce 
at 11:40 a.m. EDT (1540 GMT) on the COMEX division of the New York 
Mercantile Exchange. 
    * Trading $924.50 to $941.70 -- the highest price since July 
2. 
    * Gold accelerated gains after data showed U.S. consumer 
prices rose at a slightly faster-than-expected 0.7 percent pace in 
June. 
    * U.S. government data on Tuesday also showed that producer 
prices soared by 1.8 percent, twice as much as expected, in June 
in its steepest gain since November 2007. 
    * Inflation concerns are starting to set in, so gold was 
revaluated up $15 - COMEX floor gold options trader Jonathan 
Jossen. 
    * Gold rally powered by institutional buying, and good 
technical chart pattern also helped - George Gero, vice president 
of RBC Capital Markets Global Futures. 
    * Italy said it was considering changes to a proposal to tax 
the gold reserves of the Bank of Italy after the European Central 
Bank said on Wednesday the law risked breaching central bank 
independence. [ID:nLF226597] 
    * COMEX estimated 11 a.m. volume 93,134 lots. 
    * Spot gold <XAU=> traded at $940.05 an ounce, against $924.60 
in its previous session finish. 
    * London gold fix <XAUFIX=> at $938 an ounce. 
 
    SILVER 
    * September <SIU9> up 37.5 cents, or 2.9 percent, at $13.230 
an ounce, as traditionally more volatile silver outperforms gold. 
    * Ranging $12.880 to $13.380. 
    * Gold/silver ratio currently above 70, up from around 60 in 
early June, when silver hit a high above $16 an ounce. Silver 
following gold's strength. 
    * Rising gold/silver ratio indicated decline in silver's 
industrial demand component, while gold maintained a certain level 
of investment buying - analysts. 
    * COMEX estimated 11 a.m. volume 18,620 lots. 
    * Spot silver <XAG=> $13.23 an ounce, compared with its 
previous close of $12.88. 
    * London silver fix <XAGFIX=> at $13.27 an ounce. 
    
    PLATINUM 
    * October <PLV9> up $24.90, or 2.2 percent, at $1,160 an 
ounce, tracking broad-based commodities strength based on economic 
optimism. 
    * Spot platinum <XPT=> at $1,151.00 an ounce, against 
$1,127.50, its previous session's close. 
    
    PALLADIUM 
    * September <PAU9> up $3.65, or 1.5 percent, at $247.50 an 
ounce, tracking platinum's gains. 
    * Spot palladium <XPD=> was at $244 an ounce, compared with 
$241 in its previous finish. 
    
    COPPER 
    * Copper for September delivery <HGU9> up 9.40 cents, or 4.1 
percent, at $2.3930 a lb, following broad-based commodities 
strength. 
 (Reporting by Frank Tang; editing by Jim Marshall) 
  
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    CBOT 100 oz gold futures <0#ZG:> 
    CBOT 5,000 oz silver futures <0#ZI:> 
    Spot gold/silver <XAU=><XAG=> 
    Platinum/palladium <XPT=><XPD=> 
    Gold lease rates <LGLR> 
    COMEX gold futures <0#GC:> 
    COMEX copper futures <0#HG:> 
    N.Y. metals hourly volumes <IZQI> 
    Vols/open interest <IATZ> 
    Europe/Asia prices <GOLD/EU1> <GOLD/EU2> <GOLD/ASIA1> 
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Keywords: MARKETS METALS NEWYORK