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PRECIOUS-Platinum rebounds as strike settlement talks deadlock

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NEW YORK/LONDON, June 9 (Reuters) - Platinum rose on Monday, rebounding from its lows after the latest round of negotiations to resolve a five-month strike in South Africa's platinum sector ended without an agreement.

Gold, meanwhile, edged up in thin trade as gains in the equity markets and a strong dollar sapped momentum in the safe-haven metal.

On Monday, South African mining minister Ngoako Ramatlhodi pulled out of talks between the world's top platinum producers and the mining union. Amplats, Implats and Lonmin said they will now review further options while remain committed to a negotiated settlement.

The news lifted platinum prices higher by about $15, or 1 percent, from a session low of $1,436.40 an ounce.

"Everybody playing platinum and palladium are paying close attention to the talks. Whenever there is a breakdown, you get a knee-jerk reaction and platinum rallies," said Thomas Capalbo, precious metals trader at brokerage Newedge.

Spot platinum rose 0.4 percent to $1,448.99 an ounce by 12:30 p.m. EDT (1630 GMT).

U.S. NYMEX platinum contract for July delivery climbed $1.3 to $1,454 an ounce.

Spot gold was up 0.1 percent to $1,253.26 an ounce. U.S. COMEX gold futures for August delivery were up $1 to $1,235.50 an ounce, with trading volume set to finish sharply below its 30-day average, preliminary Reuters data showed.

Among other precious metals, silver climbed 0.4 percent to $19.04, while palladium eased 0.2 percent to $839.

(Additional reporting by A. Ananthalakshmi in Singapore; Editing by David Evans, Pravin Char and Marguerita Choy)