Gold retreats after rally, Tokyo rebounds

By Staff
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SINGAPORE, June 20 (Reuters) Gold dipped on Wednesday after rising to its highest in nearly two weeks the previous day, while Tokyo futures tracked gains in New York.

-- Spot gold eased to $659.70/661.20 an ounce from $660.70/662.20 late in New York on Tuesday, when it rose to $661.40, its highest since June 7, as the dollar weakened and crude oil held near 10-month highs.

-- Key April 2008 gold futures on the Tokyo Commodity Exchange rose 14 yen per gram to 2,645 yen.

-- The euro was steady at $1.3427 .

-- The dollar slipped against the major currencies on Tuesday as U.S. bond yields continued to retreat from five-year highs hit last week, eroding their appeal to foreign investors.

-- Silver inched down to $13.28/13.32 an ounce from $13.31/13.35 late in New York.

-- Platinum rose to $1,293/1,298 an ounce from $1,289/1,293 an ounce.

-- Palladium was steady at $369/374 an ounce.

Precious metals prices at 0040 GMT Last Net Change Pct Move Turnover (lots) TOCOM Gold 2646.00 15.00 +0.57 12969 TOCOM Platinum 5086.00 3.00 +0.06 5150 TOCOM Silver 529.50 2.70 +0.51 293 TOCOM Palladium 1490.00 5.00 +0.34 210 Spot Gold 659.70 Spot Platinum 1293.00 Spot Silver 13.28 Spot Palladium 369.00 Change so far in 2007 Metal Latest bid End prev year Pct Move TOCOM Gold 2646.00 2445.00 +8.22 TOCOM Platinum 5086.00 4254.00 +19.56 TOCOM Silver 529.50 493.30 +7.34 TOCOM Palladium 1490.00 1255.00 +18.73 Spot Gold 659.70 636.10 +3.71 Spot Platinum 1293.00 1132.00 +14.22 Spot Silver 13.28 12.85 +3.35 Spot Palladium 369.00 332.00 +11.14 Euro/Dollar $1.3428 Dollar/Yen 123.37 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams spot prices in $ per ounce.

(Reporting by Lewa Pardomuan, editing by Tomasz Janowski; Reuters Messaging:lewa.pardomuan.reuters.comzreuters.net; +65 6870 3834)) REUTERS SBA BST0616

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