UPDATE 1-Gold losing on oil and US dollar; platinum at 3-year squat

Gold slips on weaker oil, dollar rallies
Platinum extends victims and hits 3-year low
SPDR gold fortune go down 2 %

Oct 6- Gold chop down almost $4 on Monday, touching towards a two-week stumpy hit previous week, as crude oil came on demand doubts and the USD jumped to a 13-month peak versus the EUR, sinking bullion's safe-haven petition.
Platinum unlimited losses and tumble to its lowest in roughly three years on financial weakness and miserable car sales, particularly in the US. Silver tracked bullion lower, while palladium compressed on good deal hunting. Gold was dealing at $830.90 per ounce, losing $3.90 from NY’s notional lock on Friday, when it strike a two-week stumpy of $818.70 following the U.S. House of Legislative body voted to outdo a $700 billion to rescue the U.S. economic system.
"If currencies such as EUR and GBP continue to shift lower, and the US dollar higher, then experts guess investors could see additional downside force on gold," said Adrian Koh, forecaster at Phillip Futures in Singapore. "It appears that, the $820 level would be the near-term hold to look at. If we do shift below those levels, we would probably be bearing back to the 800 level very soon," said Koh, referring to level proceeding seen in September.
Gold strike a two-month peak of $920 per ounce in delayed September before slowly falling on a bounce back in the U.S. dollar. The metal was underneath a record peak of $1,030.80 struck in March.
Investors as well booked profits, with fortune in the world's major gold-backed ETF, the SPDR Gold Trust, screening a plunge to 739.95 tones as of Oct. 6 from 755.26 previous weeks.
Oil chop down 2 % on Monday on fears pains aimed at containing the scattering credit disaster would be unsuccessful to stave off a deeper turn down in oil demand.
The EUR hit a 13-month stumpy versus the US Dollar as investors shift their spotlight to banking troubles in Europe. Whether a comparable preparation would come out there following US appreciation of a main bailout wrap up.
Platinum was trading at $942.00 per ounce, down $8 from NY's theoretical close, having strike a low of $932.50 per ounce, its lowest since November 2005.
"Experts believe the position for platinum ruins weak and the effect of the credit disaster is also departing to weigh on platinum additional than gold," said Koh of Phillip Futures.
"He said I do not have any close by support, and I encompass to look all the means back to the 2005 period for indication. Approximately the $920 then $900 levels."
Platinum prices have tumble additional than 50 % since striking a lifetime soaring of $2,290 in March, when speculators purchased the metal on deliver worries following a power disaster in major producer South Africa.
Gold futures in New York added $1.3 per ounce to $834.5 per ounce on the COMEX division of the NYMEX.
1. Precious metal prices at Metal previous Change percentage chg YTD change
2. Spot Income Gold 830.90 -3.90 -0.47 -0.22
3. Silver Spot 10.94 -0.15 -1.35 -25.93
4. Platinum Spot 942.00 -8.00 -0.84 -38.03 Spot Palladium 198.00 00 +2.06 -46.20
5. Gold TOCOM 2782.00 -56.00 -1.97 -9.08 17683
6. Platinum TOCOM 3127.00 -83.00 -2.59 -41.43 8123
7. Silver TOCOM Silver 366.60 -12.50 -3.30 -32.24 407
8. Palladium TOCOM 679.00 -17.00 -2.44 -49.74 270
9. EUR/USD 1.3645 USD/JPY 104.33