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SINGAPORE, Oct 3 (Reuters) Gold fell on Tuesday after crude oil dropped on healthy fuel inventories in main consumer the United States, reducing the metal's safe-haven appeal as a hedge against inflation.
-- Spot gold slipped to $595.40/596.40 an ounce from $597.50/598.25 an ounce late in New York on Monday, when it had fallen more than $1 an ounce.
-- Benchmark gold futures on he Tokyo Commodity Exchange, currently August 2007, lost 38 yen per gram to 2,278 yen ($19.37) because of weakness in oil and a firmer yen.
-- Oil fell 3 percent to $61 a barrel on Monday as brimming U.S. inventories countered plans by OPEC members Nigeria and Venezuela to trim output.
-- The euro hardly changed at $1.2740 .
-- Silver edged down to $11.46/11.53 an ounce from $11.47/11.54 an ounce in New York.
-- Platinum dipped to $1,143/1,148 an ounce from $1,148/1,153 an ounce.
-- Palladium was flat at $312/317 an ounce.
Precious Metals Prices by 0024 GMT* Metal Last Net change Pct Move Gold 595.75 1.05 +0.18 Platinum 1143.00 -5.00 -0.44 Palladium 312.00 -0.50 -0.16 Silver 11.46 0.00 +0.00 Change so far in 2006 Metal Latest bid End prev year Pct Move Gold 595.75 517.20 +15.19 Platinum 1143.00 968.00 +18.08 Palladium 312.00 254.00 +22.83 Silver 11.46 8.81 +30.08 * The closing prices used to calculate the net change may differ from New York's last quoted prices.
($1=117.61 yen) Reuters SBA VP0620


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