PRECIOUS-Gold hardly moves after drop; ETF hits record

                                
 SINGAPORE, May 11 (Reuters) - Gold rose slightly in thin
trade on Tuesday after a volatile session the previous day, but
a rise in ETF holdings to another record suggested that
investors remained faithful to the metal.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> was at $1,202.00 an ounce, up 10 cents
from New York's notional close on Monday, when it had dropped
below $1,200 an ounce after a $1 trillion rescue designed to
prevent a European debt crisis ignited selling.
                                
 * The money, which would be available to euro zone
countries that get into financial trouble, amounts to the
biggest bailout since Group of 20 leaders rolled out emergency
support for the world economy following the 2008 collapse of
Lehman Brothers. [ID:nSGE6490HH]
                                
 * The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust <GLD>, said its holdings stood at a record high
of 1,192.150 tonnes as of May 10, from 1,188.498 tonnes in the
previous business day. [GOL/SPDR]
                                
 * U.S. gold futures for June delivery <GCM0> was steady at
$1,201.7 an ounce.
                                
 MARKET NEWS
                                
 * Japan's Nikkei average rose 1 percent on Tuesday after
U.S. shares surged following an agreement on a $1 trillion
emergency rescue package from the EU that eased fears of Greek
debt woes spreading in Europe. [.T] [.N]
                                
 * The euro rose on Monday, boosted by a $1 trillion rescue
designed to stabilize it and prevent a European debt crisis
from spreading, but questions about how the plan will work
knocked it off the day's high. [USD/]
                                
 * China's central bank has signalled it ready to let the
yuan move more freely against a basket of currencies.
[ID:nBJB003811]
                                
 * U.S. crude futures extended gains to above $77 a barrel
on Tuesday, building on a 2.3 percent jump a day earlier as a
$1 trillion global emergency package to stabilise the euro
supported commodities and stock markets. [O/R]
                                
 DATA EVENTS
                                
 * The following data is expected on Monday      <ECON>
                                
 - China's Industrial output April              (0200 GMT)
                                
 - China's Retail Sales yy  April               (0200 GMT)
                                
 - China's Consumer Price Index April           (0200 GMT)
                                
 - China's Producer Price Index April           (0200 GMT)
                                
 - China's Urban investment April               (0200 GMT)
                                
 - China's Oil, Commodity Output Data April     (0200 GMT)
                                
 - US ICSC Chain Stores/Wkly                    (1145 GMT)
                                
 - US Redbook/Wkly                              (1255 GMT)
                                
 - US IBD Economic Optimism/May                (1400 GMT)
                                
RELATED NEWS > "Shock and awe" euro rescue lifts global
markets [nSGE6490HH] > Wall Street soars on $1 trillion EU
rescue plan
 [nN10196160] > Euro zone cenbanks buy gov't bonds to fight
crisis[nLDE649051] > EU package may ease strain-Fed's Plosser
                                
    [nN10227661] > Australia budget to return to surplus
12/13-report[nSGE6490VO] > Bank of England holds rates, no
change on QE      [nLAC005706] > US Senate's Wall Street reform
bill churns ahead  [nN10182726] > German exports post sharpest
rise in 18 yrs       [nLDE6490EC] > UK retail sales fall
sharply, skewed by Easter-BRC[nAHLAGE61G]
 Precious metals prices at 0043 GMT
 Metal             Last    Change  Pct chg  YTD pct chg
Turnover
 Spot Gold        1202.00    0.10   +0.01      9.70
 Spot Silver        18.44    0.00   +0.00      9.57
 Spot Platinum    1689.00   -4.00   -0.24     15.13
 Spot Palladium    525.75   -3.25   -0.61     29.65
 TOCOM Gold       3595.00   13.00   +0.36     10.31       
30107
 TOCOM Platinum   5084.00   21.00   +0.41     16.05       
12430
 TOCOM Silver       55.50    0.00   +0.00      7.35         
264
 TOCOM Palladium  1570.00    7.00   +0.45     34.76         
475
 Euro/Dollar       1.2764
 Dollar/Yen         92.77
 TOCOM prices in yen per gram. Spot prices in $ per ounce.
  (Reporting by Lewa Pardomuan; Editing by)