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SINGAPORE, May 24 (Reuters) Gold fell more than 1 percent on Wednesday as the dollar rose against major currencies, erasing some of the metal's gains in New York.

- Spot gold fell to as low as $662.00 an ounce before rebounding to $664.50/666.00 an ounce, but it was still down from $672.10/672.90 late in the U.S. market.

-- Gold rose more than 2 percent in New York as crude oil prices moved back above $70 a barrel and as investors returned to the market following the metal's sharp drop earlier this week.

-- The euro was at $1.2784 , down from $1.2815.

-- Benchmark gold futures on the Tokyo Commodity Exchange, currently April 2007, rose 70 yen per gram to 2,440 yen, tracking gains in New York.

-- Platinum fell to $1,307/1,314 an ounce from $1,315/1,325 in New York.

-- Sister metal palladium also fell to $353/360 an ounce from $359/365.

-- Silver dropped to $12.94/13.04 an ounce from $13.17/13.27.

Precious Metals Prices by 0036 GMT* Last Net change Pct Move Gold 663.00 -8.10 -1.21 Platinum 1306.00 -9.00 -0.68 Palladium 352.00 -7.00 -1.95 Silver 12.88 -0.09 -0.69 Change so far in 2006 Metal Latest bid End prev year Pct Move Gold 663.00 517.20 +28.19 Platinum 1306.00 968.00 +34.92 Palladium 352.00 254.00 +38.58 Silver 12.88 8.81 +46.20 * The closing prices used to calculate the net change may differ from New York's last quoted prices.

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