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By Staff
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TOKYO, June 13 (Reuters) Gold was on the defensive on Tuesday as investors remained keen to liquidate the precious metal given weaker oil prices and the strength of the dollar, but it was protected by closely watched technical support.

-- At 0034 GMT, spot gold was trading at $603.20/603.90 an ounce, down from $605.60/606.30 in late in New York on Monday.

-- The 100-day moving average (MA) for spot gold was seen around $600, while the next key support was seen around $545, which is the the 200-day MA.

-- Gold was weighed down as the dollar rose to a one-month high against the euro and as oil price fell on Monday.

-- Oil prices fell about $1 as the first tropical storm of the Atlantic hurricane season looked set to steer clear of oil infrastructure in the U.S. Gulf Coast.

-- Gold often tracks oil prices because investors use the metal as an inflation hedge when energy prices are high.

-- Falls in Tokyo gold futures also undermined spot gold.

-- Benchmark most-distant April contract on the Tokyo Commodity Exchange slipped to a fresh two-month low of 2,235 yen a gram, down seven yen or 0.3 percent from Monday.

-- Silver fell to $10.95/11.05 an ounce from $11.03/11.13 late in New York.

-- Platinum was slightly lower at $1,167/1,173 an ounce from $1,168/1,172 in New York.

-- Sister metal palladium fell to $305/312 an ounce from $311/316.

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