* Gold bounces higher after touching another 11-month low 
    * Platinum strikes lowest level since January 2007 
  (Recasts, adds quotes) 
    By Lewa Pardomuan 
    SINGAPORE, Sept 11 (Reuters) - Gold regained strength on 
Thursday as more physical buyers resurfaced after prices struck 
another 11-month low, but the U.S. dollar's strength against the 
euro threatened to cap gains. 
    Investors who propelled gold to a lifetime high of $1,030.80 
in March on inflation fears and a struggling dollar are ditching 
their bullion holdings as the U.S. currency stages a dramatic 
rebound. Other precious metals have slumped to multi-month lows. 
    Gold <XAU=> rose about half a percent to $755.70/756.70 an 
ounce by 0225 GMT, rebounding from an intraday low of $748.60 an 
ounce. It fell to $752.55/754.15 in New York on Wednesday, down 6 
percent in two days, the sharpest two-day loss since March. 
    "Investor interest has diminished because of the movement of 
the U.S. dollar and the oil price," said David Moore, analyst at 
Commonwealth Bank of Australia in Sydney. 
    "There's some evidence of increasing fabrication demand for 
gold at this level, so that might be supportive. But at the 
moment, of course the shift in investment flow is overwhelming 
that influence," he said. 
    The euro tumbled to its lowest level in a year against the 
dollar on Thursday as the market focus returned to a souring 
economic outlook outside the United States, although the yen 
strengthened modestly in early trading. [USD/] 
    A stronger dollar reduce gold's appeal as an alternative 
investment. The bullion holdings of SPDR Gold Trust <GLD.P>, the 
world's largest gold-backed exchange-traded fund, dropped to 
their lowestlevel in three months around 614 tonnes 
<XAUEXT-NYS-TT>. 
    Oil <CLc1> climbed more than $1 to near $104 a barrel on 
Thursday, having fallen the previous day as a jump in the U.S. 
dollar offset a surprise OPEC output cut. [O/R] 
    "I think the market is a bit panicky at the moment because it 
has broken all the major supports. People are very cautious about 
oil prices, the U.S. dollar and everything," said Ellison Chu, 
manager of precious metals at Standard Bank Asia in Hong Kong. 
    "I can't say whether it is supportive, but we see a lot 
physical-related buying," he said. 
    Physical dealers reported a shortage in gold bars in 
Singapore and Hong Kong as jewellers stepped up purchases ahead 
of religious festivals in India, the Middle East and Southeast 
Asia. 
    Many weddings take place during the festive season in India 
which peaks in October with Diwali, the Hindu festival of lights. 
Gold jewellery forms an important part of dowry as parents prefer 
to give gold to their daughters for financial security. 
    The benchmark gold contract on the Tokyo Commodity Exchange, 
August 2009 <JAUc6>, ended the morning session 57 yen per gram 
lower at 2,633 yen. 
    Spot platinum <XPT=> fell to $1,162.50/1,182.50 an ounce from 
$1,176.00/1,196.00 late in New York. It hit an intraday low of 
$1,150.50 an ounce, its weakest since January 2007 and nearly 
half the record high it touched in March. 
    Platinum, mainly used in autocatalysts, has been hit by heavy 
selling due to a slowing U.S. economy and poor car sales in the 
United States, Japan and China. 
  Precious metals prices at 0207 GMT 
 Metal             Last    Change  Pct chg  YTD pct chg  Turnover 
 Spot Gold         756.75    4.75   +0.63     -9.12 
 Spot Silver        10.74    0.11   +1.03    -27.29 
 Spot Platinum    1162.50   -7.50   -0.64    -23.52 
 Spot Palladium    220.50   -4.50   -2.00    -40.08 
 TOCOM Gold       2633.00  -57.00   -2.12    -13.95        31176 
 TOCOM Platinum   4004.00 -140.00   -3.38    -25.00        12129 
 TOCOM Silver      374.50  -17.60   -4.49    -30.78          647 
 TOCOM Palladium   787.00   -3.00   -0.38    -41.75          981 
 Euro/Dollar       1.3984 
 Dollar/Yen        107.50 
 TOCOM prices in yen per gram, except TOCOM silver which is 
priced in yen per 10 grams. Spot prices in $ per ounce. 
  (Editing by Jonathan Leff) 
 (([email protected]; +65 6870 3834;  Reuters 
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