Gold rises on weaker dollar, watches oil
SINGAPORE, Apr 26 (Reuters) Gold firmed on Thursday on the back of a weaker US dollar while recent gains in crude oil also supported the metal. Investec Australia pegged support at $680 an ounce and resistance at $700.
-- Spot gold rose to $685.10/685.60 an ounce from $684.50/685.00 late in New York on Wednesday.
-- The new benchmark gold futures contract for April delivery on the Tokyo Commodity Exchange rose 9 yen per gram to 2,642 yen ($22.26).
-- U.S. crude futures were little changed on Thursday after Wednesday's gains of more than a dollar with political issues related to key oil producers Iran and Nigeria lending support to the market.
-- The dollar was within sight of its record low against the euro as it struggled in the wake of mixed U.S. data that did little to allay market concerns about a slowdown in the U.S. economy.
-- The euro was at $1.3636 , steady from late U.S.
trading on Wednesday, when it had climbed as high as $1.3667 -- just shy of the currency's all-time peak at $1.3670.
-- Silver edged up to $13.81/13.86 an ounce from $13.78/13.83 late in New York.
-- Platinum rose to $1,304/1,309 an ounce from $1,298/1,303 an ounce.
-- Palladium dropped to $377/382 an ounce from $378/383 late in New York.
REUTERS DKS BST0717


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