Gold hits 1-week low on dollar, Tokyo drops

SINGAPORE, June 8 (Reuters) Gold fell to its lowest level in a week today on the back of a firm dollar and rising US treasury yields that offer a big potential draw for foreign investors.

-- Spot gold hit an intraday low of $657.60 an ounce before rebounding to $659.80/660.40 an ounce by 0042 GMT, hardly changed from $659.50/660.00 late in New York on Thursday.

-- Key April 2008 gold futures on the Tokyo Commodity Exchange fell 51 yen per gram to 2,601 yen. It hit an intraday low of 2,593 yen, its lowest since May 31.

-- The euro was flat at $1.3422 .

-- The dollar rose against most major currencies on Thursday as expectations for solid global economic growth launched US government debt yields above 5 percent.

-- Silver rose to $13.46/13.50 an ounce from $13.43/13.46 late in New York.

-- Platinum rose to $1,291/1,296 an ounce from $1,290/1,295 late in New York.

-- Palladium dipped to $365/370 an ounce from $366/370 an ounce.

Precious metals prices at 0044 GMT Last Net Change Pct Move Turnover (lots) TOCOM Gold 2602.00 -50.00 -1.89 32461 TOCOM Platinum 4986.00 -39.00 -0.78 12963 TOCOM Silver 526.70 -10.00 -1.86 1035 TOCOM Palladium 1451.00 -10.00 -1.16 222 Spot Gold 659.80 Spot Platinum 1291.00 Spot Silver 13.46 Spot Palladium 365.00 Change so far in 2007 Metal Latest bid End prev year Pct Move TOCOM Gold 2602.00 2445.00 +6.42 TOCOM Platinum 4986.00 4254.00 +17.21 TOCOM Silver 526.70 493.30 +6.77 TOCOM Palladium 1451.00 1255.00 +15.62 Spot Gold 659.80 636.10 +3.73 Spot Platinum 1291.00 1132.00 +14.05 Spot Silver 13.46 12.85 +4.75 Spot Palladium 365.00 332.00 +9.94 Euro/Dollar $1.3423 Dollar/Yen 121.22 TOCOM prices in yen per gram, spot prices in $ per ounce.

REUTERS PM SSC1120