Array

SINGAPORE, May 9 (Reuters) Gold rose on Tuesday towards Monday's 25-year high and platinum reached a record, as dealers predicted precious metals were poised to charge higher still.

-- Spot gold rose to $682.00/683.00 an ounce from $677.90/678.90 late in New York on Monday, when it had risen to as high as $684.70 an ounce.

-- Dealers said gold was poised to rebound again after a short period of consolidation, with some targeting $700 in the coming weeks.Bullion soared to an all-time high of $850 in 1980.

-- Most active gold futures on the Tokyo Commodity Exchange fell 7 yen per gram to 2,482 yen, having risen to a 20-year high on Monday due to renewed fund buying.

-- Investors await a Federal Reserve decision on interest rates on Wednesday. The Fed is expected to raise the federal funds rate to 5 percent, from 4.75 percent.

-- Higher rates usually boost the dollar and can weigh on gold prices.

-- Platinum rose to $1,194/1,199 an ounce, a record high, up from $1,186/1,191 late in New York.

-- Palladium rose to $373/378 an ounce from $370/375.

-- Silver edged up to $13.90/13.98 from $13.78/13.88 in New York.

Precious Metals Prices by 0029 GMT* Last Net Change Pct Move Gold 682.00 3.80 +0.56 Platinum 1194.00 3.00 +0.25 Palladium 373.00 3.00 +0.81 Silver 13.90 0.01 +0.07 Change so far in 2006 Metal Latest bid End prev year Pct Move Gold 682.00 517.20 +31.86 Platinum 1194.00 968.00 +23.35 Palladium 373.00 254.00 +46.85 Silver 13.90 8.81 +57.78 * The closing prices used to calculate the net change may differ from New York's last quoted prices.

REUTERS CS GC0927