RTRS:PRECIOUS-Gold falls on dollar, safe-haven status supports
* Bullion off intraday high, support around $1,500
* Newmont sees gold above $1,600 in 2012 on Asia demand
* Euro falls vs dollar on short covering
(Updates, adds comment, changes dateline from SINGAPORE)
By Sue Thomas
LONDON, June 13 (Reuters) - Gold fell on Monday as the euro eased against the dollar, but concerns about the euro zone debt crisis sustained investor interest in the precious metal as a safe store of value.
Bullion fell almost 1 percent on Friday, its biggest one-day decline in a month, due to a rally in the dollar and broad commodities losses.
Spot gold XAU= fell $6.55 to $1,524.84 an ounce by 0939 GMT after rising as high as $1,532.56 an ounce, still well below a lifetime high around $1,575 struck in May.
"Currencies remain relatively volatile and will be the driver in the near term for gold and silver. The outlook for the currencies will have a significant bearing on where the next move is," RBS analyst Daniel Major said.
Gold has been trading range-bound and seems to be finding support on the 20-day moving average of $1,524 for the past three weeks. "A dip below this level may extend gold's slide," said ANZ commodity research note.
