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Written by: Staff
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TOKYO, Apr 3 (Reuters) Gold inched up on Monday after U.S. precious metals futures fell from multi-year peaks on Friday as commodity funds and speculators booked profits on a recent powerful rally before the quarter's end.

-- Investors have been buying gold as part of moves to take advantage of the booming commodities markets and as a hedge against currency and inflation concerns.

-- Spot gold was at $582.40/583.30 an ounce at 0057 GMT, up from $581.50/582.40 late on Friday in New York.

-- The benchmark most distant February contract on the Tokyo Commodity Exchange was down 10 yen per gram to 2,235 yen.

-- Platinum rose to $1,069/1,074 an ounce from $1,060/1,065 in New York.

-- Sister metal palladium rose to $334/339 an ounce from $331/335.

-- Silver rose to $11.55/11.58 an ounce from $11.51/11.54 late in New York.

REUTERS AD RN0702

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