PRECIOUS-Gold comes off one-month low as dollar dips

                                
 TOKYO, Jan 25 (Reuters) - Gold rose on Monday, after the
dollar edged down, helping bullion come off a one-month low hit
in the previous session when President Barack Obama's proposal to
limit risk-taking by banks pressured commodities across the
board.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> was at $1,094.60 per ounce as of 0020 GMT,
up about 0.3 percent from New York's notional close of $1,091.65,
after earlier rising as high as $1,097.60.
                                
 * It touched a one-month low of $1,081.90 on Friday, although
the dollar's decline provided some support.
                                
 * U.S. gold futures for February delivery <GCG0> rose 0.4
percent to $1,094.30 per ounce, compared to $1,089.70, the
settlement on the COMEX division of the New York Mercantile
Exchange.  It sank to a one-month low of $1,081.90 on Friday.
                                
 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,111.922 tonnes as
of Jan. 22, unchanged from the previous business day. [GOL/SPDR]
                                
 * Noncommercial net long U.S. gold futures positions fell 3.4
percent to 221,469 lots in the week to Jan. 19 from 229,342 lots,
a weekly report by the U.S. Commodity Futures Trading Commission
showed.  [ID:nN22174820]
                                
 MARKET NEWS
                                
 * U.S. stocks capped their worst three-day slide in 10 months
on Friday on fears the White House's plan to curb bank
risk-taking would cut profits, and tech shares slumped after
Google Inc's disappointing results. [.N]
                                
 * The yen and the U.S. dollar dipped on Monday while the euro
and high-yielding currencies advanced, lifted by reports that
Federal Reserve Chairman Ben Bernanke was moving closer towards
confirmation for a second term.  [USD/]
                                
 DATA EVENTS
                                
 * The following data is expected on Monday: <ECON>
                                
 - Australia Q4 producer price index                (0030 GMT)
                                
 - Germany February GFK index                       (0700 GMT)
                                
 - U.S. existing home sales for December            (1500 GMT)
                                
 - Dallas Fed Texas Manufacturing index for January (1530 GMT)
                                
 RELATED NEWS
 >Gold drops as Obama's bank proposal hits commods         [GOL/]
 >COMMODITIES-Down again on Obama plan fallout; copper rebounds
                                
                                               [ID:nLDE60L0V1]
 >Embattled Bernanke edges closer to a second term[ID:nN24141266]
 >Too soon for China to raise rates-govt economist[ID:nTOE60M00N]
 >Wall Street sinks on bank, political jitters    [ID:nN22174631]
                                
 PRICES
                                
 Precious metals prices at 0017 GMT
 Metal         Last      Change  Pct chg    2 day chg  MA 30  RSI
 Spot gold    $1095.15    $3.50  +0.32%    -5.42%   $1115.75  30
 Spot silver    $17.05    $0.09  +0.53%    -6.22%     $17.69  28
 Spot plat    $1537.50   -$9.00  -0.58%    -0.58%   $1516.22  50
 COMEX gold   $1095.50    $5.80  +0.53%    -0.70%   $1118.88  30
 TOCOM gold      3,177       11  +0.35%    -0.09%      3,291  27
 TOCOM plat      4,448      -51  -1.13%    -6.83%      4,463  36
 Currencies
 Euro/dlr       $1.415  -$0.001  -0.10%    +0.09%
 Dlr/yen         89.93    -0.37  -0.41%    +0.13%
 TOCOM prices in yen per gram. Spot prices in $ per ounce.
 (Reporting by Miho Yoshikawa; Editing by Edwina Gibbs)