Cash gold extends gains, Tokyo futures bounce

SINGAPORE, May 21 (Reuters) Gold extended gains on Monday on bargain hunting, while a weaker yen triggered a rebound in Tokyo futures.

-- Spot gold rose to $662.50/663.20 an ounce from $660.90/662.40 late in New York on Friday, when it gained more than $3 after a fall to a two-month lows attracted physical buyers and bargain hunters.

-- Key April 2008 gold futures on the Tokyo Commodity Exchange rose 23 yen per gram to 2,610 yen.

-- The yen hit a record low against the euro on Monday as investors felt encouraged to sell the Japanese currency after Group of Eight finance ministers avoided discussing its weakness at a meeting over the weekend.

-- The euro rose against the yen and hit a record high of 163.91 yen.

-- The single currency was little changed against the dollar at $1.3520 , well short of a record high of just above $1.3680 hit last month. The dollar was slightly higher at 121.20 yen .

-- Platinum rose to $1,314/1,319 an ounce from $1,307/1,311 in New York.

-- Palladium was steady at $360/365 an ounce.

-- Silver edged up to $12.98/13.02 an ounce from $12.91/12.96 late in New York.

Precious metals prices at 0043 GMT Last Net Change Pct Move Turnover (lots) TOCOM Gold 2610.00 23.00 +0.89 17619 TOCOM Platinum 5028.00 26.00 +0.52 10214 TOCOM Silver 506.00 7.30 +1.46 652 TOCOM Palladium 1435.00 7.30 +0.84 96 Spot Gold 662.60 Spot Platinum 1314.00 Spot Silver 12.98 Spot Palladium 360.00 Change so far in 2007 Metal Latest bid End prev year Pct Move TOCOM Gold 2610.00 2445.00 +6.75 TOCOM Platinum 5028.00 4254.00 +18.19 TOCOM Silver 506.00 493.30 +2.57 TOCOM Palladium 1435.00 1255.00 +14.34 Spot Gold 662.60 636.10 +4.17 Spot Platinum 1314.00 1132.00 +16.08 Spot Silver 12.98 12.85 +1.01 Spot Palladium 360.00 332.00 +8.43 Euro/Dollar $1.3517 Dollar/Yen 121.24 TOCOM prices in yen per gram, spot prices in $ per ounce.

REUTERS PM ND1252