Gold rises Gold rises $2 an ounce on weaker U.S. dollar an ounce on weaker U.S. dollar

SYDNEY, Apr 16 (Reuters) Gold was up $2 an ounce on Monday, building on strong gains on Friday in line with a weakening U.S. dollar.

- Spot gold was at $686.30/$686.80 an ounce by 0211 GMT versus $684.30/$684.80 an ounce late in New York Friday after rising more than $2 from the London fix.

- Gold rose to a six-week high on Friday and silver followed to hit a 1-{ month peak. Platinum and palladium also climbed to multi-month highs.

- The U.S. currency was trading around 119.20 yen , compared with 119.25 yen late in New York.

- The euro edged up to a two-year high around $1.3575 compared with $1.3530 and was approaching the all-time high of $1.3670 struck in December 2004.

- In Tokyo, the benchmark February gold contract was up 45 yen from the last settlement at 2,652 yen.

- Platinum was at $1,279/$1,284 an ounce against $1,272.00/$1,277.00 an ounce late in New York.

- Silver cost $14.06/$14.09 an ounce versus $14.04/$14.09.

- Palladium was at $376.00/$380.00 an ounce versus $375.00/$380.00.

Reuters AD DB0759