PRECIOUS-Gold holds above $1,100/oz as rally pauses

                                
 TOKYO, Nov 10 (Reuters) - Gold held steady above $1,100 per
ounce on Tuesday, taking a breather after reaching a record high
above $1,110 the previous day as the dollar weakened and
investors snapped up gold-backed exchange-traded funds.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> was at $1,104.90 per ounce at 0008 GMT, up
0.1 percent from New York's notional close of $1,103.85.
                                
 * Bullion hit a new high of $1,110.85 per ounce on Monday,
setting a record for the fourth time in five trading sessions.
                                
 * U.S. gold futures for December delivery <GCZ9> were at
$1,105.70 an ounce, up 0.4 percent from Monday, when the contract
rose $5.70 to $1,101.40. The December contract hit a record of
$1,111.7 on Monday.
                                
 * The SPDR Gold Trust <GLD>, the world's largest gold-backed
exchange-traded fund, said its holdings rose 6.099 tonnes, or
0.55 percent, on Monday to 1,114.443 tonnes. It was the highest
volume since early July, when the holdings stood at 1,120.19
tonnes. [GOL/SPDR]
                                
 MARKET NEWS
                                
 * The dollar was under renewed selling pressure on Tuesday,
while the euro and higher-yielding currencies revisited recent
highs, helped by expectations that U.S. interest rates are likely
to stay near zero for a while. [USD/]
                                
 * Japan's Nikkei share average <.N225> was up 1.3 percent.
[.T]
                                
 * The Dow industrials hit a 13-month high on Monday as U.S.
stocks climbed after the Group of 20 pledged to keep aid flowing
to the world economy, strengthening investors' desire for risk.
[.N]
                                
 DATA EVENTS
                                
 * The following data is expected on Tuesday: <ECON>
                                
 - Japan Sept current account data (2350 GMT)
                                
 - Japan Oct bank lending (2350 GMT)
                                
 - French Sept industrial output (0745 GMT)
                                
 - Italian Sept industrial output (0900 GMT)
                                
 - German Nov ZEW survey (1000 GMT)
                                
 RELATED NEWS
 >Gold hits record as falling dollar fuels rally       [COM/WRAP]
 >Obama says will raise currency with China       [ID:nN09278455]
 >POLL-India gold seen easing by Dec-end          [ID:nBOM382481]
 >China should not buy IMF gold-ex-forex official [ID:nPEK352010]
 >Russia c.bank may cut rates again in 09, buy gold[ID:nL9384036]
 >Premature for Asia c.banks to tighten policy-ADB[ID:nHKG433661]
 >Indian jewellers buy gold, shrug off price rally [ID:nSP424557]
 >TIMELINE-Gold bags new high, continuing rise     [ID:nSP532257]
                                
 PRICES
                                
 Precious metals prices at 0001 GMT
 Metal         Last      Change  Pct chg  Day ago pct  MA 30  RSI
 Spot gold    $1104.20    $0.35  +0.03%   +23.10%    $860.10  80
 Spot silver    $17.58    $0.01  +0.06%   +46.74%     $11.29 62
 Spot plat    $1360.00    $2.50  +0.18%    +1.30%   $1343.35 57
 TOCOM gold      3,204       -6  -0.19%    +1.01%      3,087 70
 TOCOM plat      3,942       18  +0.46%    +1.08%      3,909 54
 Currencies                                               
 Euro/dlr       $1.500   $0.001  +0.06%    +0.82%
 Dlr/yen         89.86    -0.17  -0.19%    -0.14%
 TOCOM prices in yen per gram, except TOCOM silver which is
 priced in yen per 10 grams. Spot prices in $ per ounce.
 (Reporting by Risa Maeda)