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Written by: Staff
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SINGAPORE, July 4 (Reuters) Gold fell on Tuesday as investors booked profits after they had pushed up the price to its highest in nearly four weeks on firm oil prices.

-- Spot gold dropped to $620.75/621.50 an ounce from $622.20/623.20 late in London on Monday, when it gained more than 2 percent to hit a high of $625.05.

-- Immediate resistance was pegged around $626 an ounce.

-- Dealers expected volatile trade with U.S. markets closed on Monday and Tuesday for the Independence Day holiday. Currencies and crude oil were likely to offer leads, they said.

-- In Tokyo, the benchmark June 2007 gold contract <0#JAU:> on the Tokyo Commodity Exchange rose six yen per gram to 2,319 yen. The contract ended up by the daily 60-yen limit at 2,313 yen on Monday as investors shifted back to gold.

-- The euro hovered in sight of a one-month high against the dollar and a record peak versus the yen after data suggested the prospects for higher interest rates have lessened in the United States but risen in the euro zone.

-- The euro was at $1.2795 after rising as high as $1.2823 on Monday, its highest since June 7. The dollar edged up to 114.75 yen .

-- Platinum fell to $1,229/1,234 an ounce from $1,242/1,247 in London.

-- Sister metal palladium eased to $320/326 an ounce from $325/329.

-- Silver was steady at $11.17/11.25 an ounce .

Precious Metals Prices by 0035 GMT* Metal Last Net change Pct Move Gold 620.25 -3.75 -0.60 Platinum 1229.00 -11.00 -0.89 Palladium 320.00 -3.50 -1.08 Silver 11.17 -0.08 -0.71 Change so far in 2006 Metal Latest bid End prev year Pct Move Gold 620.25 517.20 +19.92 Platinum 1229.00 968.00 +26.96 Palladium 320.00 254.00 +25.98 Silver 11.17 8.81 +26.79 * The closing prices used to calculate the net change may differ from New York's last quoted prices.

REUTERS CH KN0940

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