* Coming up: U.S. durable goods August; 1400 GMT (Updates prices)
By Rujun Shen
SINGAPORE, Oct 4 (Reuters) - Spot gold was firm on Mondayafter hitting record highs for six consecutive days oncontinued expectations of more monetary policy easing by theU.S. Federal Reserve and related dollar weakness.
Spot gold gained 0.3 percent at $1,319.05 an ounce by 0613GMT, below the record high of $1,320.80 on Friday.
The dollar surged versus yen due to short-covering onMonday, but remained near its lowest level in eight monthsagainst a basket of currencies.
"The key driver behind gold is still the dollar. If thedollar extends losses, it can drive investors to seek out goldas a currency alternative," said Ong Yi Ling, an analyst atPhillip Futures.
"For the time being, gold is well supported on the dollarweakness and uncertainties in the U.S. economy," adding thatgold could rise to yet another record high later in the day.
Technical analysis shows that gold may rise into a rangebetween $1,330 and $1,335 based on its wave pattern, saidReuters market analyst Wang Tao.
U.S. manufacturing growth slowed last month and inflationremained subdued in August - trends that may have prompted twoFed policymakers to say more monetary easing would likely beneeded unless the economic outlook improves.
The physical market saw seasonal demand from the region,including India and China, despite the record high prices,dealers said.
"The physical demand is still around, although not asstrong as before, probably because the demand season is justaround the corner," said a Hong Kong-based dealer, citingpremiums in Hong Kong at $0.8 to $1 an ounce, little changedfrom last week.
"Everyone is looking at higher prices for gold. The weakdollar makes not only gold, but other metals, hot investments.It's hard to say where the top will be, but psychologically, wemay see some pressure at $1,350."
Spot silver rose to a fresh 30-year high of $22.18 an ounceearlier, before easing to $22.13. Silver rose 31 percent so farthis year, outperforming gold's 20 percent ascent.
The gold-silver ratio, used to measure how many ounces ofsilver are needed to buy an ounce of gold, dropped to below 60,its lowest level in more than a year, below the average in thepast four years at 60.29.
For a graphic on the ratio, click: http://graphics.thomsonreuters.com/AS/0810/RS_20100410113232.jp g Precious metals prices at 0613 GMT Metal Last Change Pct chg YTD pct chgTurnover Spot Gold 1319.05 3.45 +0.26 20.38 Spot Silver 22.13 0.16 +0.73 31.49 Spot Platinum 1676.00 0.85 +0.05 14.25 Spot Palladium 566.93 -2.57 -0.45 39.81 TOCOM Gold 3543.00 22.00 +0.62 8.71 34860 TOCOM Platinum 4506.00 26.00 +0.58 2.85 12510 TOCOM Silver 59.60 0.80 +1.36 15.28 706 TOCOM Palladium 1525.00 -3.00 -0.20 30.90 248 Euro/Dollar 1.3768 Dollar/Yen 83.32 TOCOM prices in yen per gram. Spot prices in $ per ounce. (Editing by Ed Lane)