NEW YORK, April 22 (Reuters) - U.S. gold futures rose on
Wednesday on firmer physical demand, while renewed market talk
of cold fusion technology boosted palladium and other platinum
group metals.

For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 gained $5.90 to $888.60 anounce at 10:18 a.m. EDT (1418 GMT) on the COMEX division of NewYork Mercantile Exchange. * Ranged from $882.80 to $891.00. * Physical demand is slowly and steadily emerging aroundthe current levels, and this along with firm trend ininvestment fund flow is supporting the market - Pradeep Unni,trader at Richcomm Global Services. * India's metals trading firm MMTC Ltd said it was likelyto import 9-10 tonnes of gold this month, helping lift thecountry's April imports to 30 tonnes. * Bullion prices may rise this week because of AkshayaTritya, India's gold-buying festival, on April 27 - analysts. * Gold supported as U.S. stocks initially fell as a slew ofmixed results from major companies and a quarterly loss fromMorgan Stanley stirred fears over the financial sector. WallStreet, however, turned higher by midmorning. [.N] * Gold could be under pressure as recovery in equitiesmarket could continue, and recent outflows of goldexchange-traded funds could also weigh on prices - TomPawlicki, precious metals and energy analyst at MF Global. * The world economy has fallen into a severe recession, andthe International Monetary Fund cut its forecast for globalgrowth, spurring flight-to-quality demand in gold. * The U.S. economy, however, is starting to show signs ofshrinking more slowly, but positive growth is not expecteduntil sometime next year - IMF. * Investment inflows into gold-backed, exchange-tradedfunds jumped to an all-time high in the first quarter, boostedby a combination of risk aversion and economic uncertainties -World Gold Council. [ID:nN21541171] * Gold/oil ratio at 18.2 on Wednesday, compared with 19.9in the previous session. * COMEX estimated 9 a.m. electronic futures volume at21,382 lots. Floor volume was not available due to a technicalglitch. * Spot gold <XAU=> traded at $884.50 an ounce, up 0.3percent from its late Tuesday quote in New York. * The London afternoon gold fix <XAUFIX=> was $886.00 anounce. PLATINUM * NYMEX July platinum PLN9 climbed $24.40, or 2.1percent, to $1,182.00 an ounce on broad-based strength of theplatinum group metals, including rhodium and palladium. * Spot platinum <XPT=> at $1,170.50 an ounce, up 1.6percent from its late Tuesday quote. PALLADIUM * June palladium PAM9 jumped $9.85, or 4.7 percent, to$232.00 an ounce. * Palladium boosted by demand related to renewed talk ofcold fusion technology after CBS TV covered the topic on itsnews program "60 Minutes" on Sunday - NYMEX traders. * Spot palladium <XPD=> was at $229.00 an ounce, up 3.2percent from its previous finish. SILVER * COMEX May silver SIK9 rose 18.0 cents, or 1.5 percent,to $12.240 an ounce, rebounding from the previous session'slosses. * Ranged between $11.990 and $12.295. * COMEX estimated 9:00 a.m. electronic futures volume at3,955 lots. Floor volume was not available due to a technicalglitch. * Spot silver <XAG=> was at $12.24 an ounce, up 2.1 percentfrom its previous finish. * The London silver fix <XAGFIX=> at $12.120 an ounce. (Reporting by Frank Tang)