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SINGAPORE, Aug 8 (Reuters) Gold eased on Wednesday on the back of a firmer U.S. dollar, while Tokyo futures extended gains and rose their highest in almost two weeks.
-- Spot gold dipped to $671.10/671.90 an ounce from $672.10/672.90 late in New York on Tuesday.
-- Most active June 2008 gold futures on the Tokyo Commodity Exchange hit an intraday high of 2,595 yen per gram on a weaker yen, its highest since July 26. That was 7 yen higher than Tuesday's close.
-- The most active December contract on ''mini'' gold futures contract rose 9 yen per gram to 2,580 yen.
-- The dollar rose against the yen after the U.S. Federal Reserve said inflation remains its primary concern, trimming expectations that it might move to cut interest rates.
-- Market players were still cautious about the possibility of widening fallout from a U.S. credit squeeze, and the performance of stocks continues to be a focus for the markets.
-- The dollar rose to 118.85 yen , and the euro was up 0.20 percent at 163.51 yen . The euro edged up to $1.3753 , but stayed near an overnight low of $1.3736 hit on electronic trading platform EBS.
-- Platinum fell to $1,280/1,285 from $1,281/1,284 an ounce.
-- Silver was steady at $13.05/13.08 an ounce.
-- Palladium fell to $358/363 an ounce from $359/361 an ounce.
Precious metals prices at 0053 GMT Last Net Change Pct Move Turnover (lots) TOCOM Gold 2595.00 7.00 +0.27 11383 TOCOM Platinum 4875.00 2.00 +0.04 8199 TOCOM Silver 502.00 2.80 +0.56 316 TOCOM Palladium 1391.00 -11.00 -0.78 28 Spot Gold 671.10 Spot Platinum 1280.00 Spot Silver 13.04 Spot Palladium 358.00 Change so far in 2007 Metal Latest bid End prev year Pct Move TOCOM Gold 2595.00 2445.00 +6.13 TOCOM Platinum 4875.00 4254.00 +14.60 TOCOM Silver 502.00 493.30 +1.76 TOCOM Palladium 1391.00 1255.00 +10.84 Spot Gold 671.10 636.10 +5.50 Spot Platinum 1280.00 1132.00 +13.07 Spot Silver 13.04 12.85 +1.48 Spot Palladium 358.00 332.00 +7.83 Euro/Dollar $1.3751 Dollar/Yen 118.96 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams spot prices in $ per ounce.
REUTERS SRS VP0717


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