NEW YORK, Feb 3 (Reuters) - U.S. gold futures dropped on Wednesday, retreating from a two-week high earlier in the session, as a dollar rise and technical weakness prompted bullion investors to lock in profits. * For the latest detailed report, click on [GOL/]. GOLD * April GCJ0 eases $1.80 to $1,116.20 an ounce at 9:47 a.m. EST (1447 GMT) on COMEX division of NYMEX. * Range $1,111.70 to 1,126.40 -- highest since Jan. 20. * Gold turns lower as dollar rises against euro as the EU backed a Greek deficit-cutting plan. [USD/] * Market seen overbought as April futures hover above 14-day moving average at $1,108 - traders. * Charts show gold rallies usually taper after two sessions, and that explains Wednesday's weakness - CitiFX. * Barclays Wealth Americas recommends short-gold strategy as bullion is significantly overvalued against fundamentals. * COMEX estimated 9 a.m. volume at 63,275 contracts. * Spot gold XAU= at $1,116.75, against $1,113.95 in late New York business. * London afternoon gold fix XAUFIX= at $1,115.25. SILVER * March SIH0 down 16.80 cents, or 1 percent, at $16.575 an ounce, on profit taking. * Range $16.500 to $16.950. * COMEX estimated 9 a.m. volume at 29,529 lots. * Spot silver XAG= at $16.58 an ounce, compared with $16.68 late in the previous session in New York. * London silver XAGFIX= afternoon fix at $16.79 an ounce. PLATINUM * April PLJ0 up $4.90 at $1,583.70 an ounce. * Platinum group metals supported as recent strong U.S. economic data boosted their industrial characteristics. * Spot platinum XPT= at $1,583 an ounce. PALLADIUM * March palladium PAH0 down 45 cents at $444.30 an ounce, tracking platinum. * Spot palladium XPD= at $443 an ounce. Prices at 10:15 a.m. EST (1515 GMT) Last Change Pct 2009 YTD Chg Close % Chg US gold GCG0 1116.20 -1.20 -0.1 1096.20 1.8 US silver SIH0 16.585 -0.158 -0.9 16.845 -1.5 US platinum PLJ0 1586.10 7.30 0.5 1471 7.8 US palladium PAH0 444.30 -0.45 -0.1 408.85 8.7 Gold XAU= 1115.90 1.95 0.2 1096.35 1.8 Silver XAG= 16.57 -0.11 -0.7 16.84 -1.6 Platinum XPT= 1583.50 7.00 0.4 1465.50 8.1 Palladium XPD= 442.00 2.50 0.6 405.50 9.0 Gold Fix XAUFIX= 1115.25 -3.25 -0.3 1104 1.0 Silver Fix XAGFIX= 16.79 1.00 0.1 16.99 -1.2 Platinum Fix XPTFIX= 1578.00 8.00 0.5 1466 7.6 Palladium Fix XPDFIX= 442.00 4.00 0.9 402 10.0 (Reporting by Frank Tang; Editing by Walter Bagley)

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