(Corrects Tuesday gold high in second paragraph to $915.45)
SINGAPORE, May 6 (Reuters) - Gold dipped to trade below $900 an ounce on Wednesday, having risen to its strongest in a week the previous day, as the dollar bounced against the euro, with weaker oil prices also adding to the selling pressure.
FUNDAMENTALS
* Spot gold <XAU=> was quoted at $896.80 an ounce, down $6.40 from New York's notional close. Gold rallied to $915.45 on Tuesday, its highest since April 27, before slipping as the dollar changed course and rose against the euro.
* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust <GLD>, said holdings stayed at 1,104.45 tonnes as of May 5 unchanged since April 23. (GOL/SPDR]
* Platinum <XPT=> was at $1,127.00 an ounce, up $1.50 from New York's notional close.
* Japanese markets are closed for Golden Week holidays until Wednesday.
* U.S. gold futures for June delivery <GCM9> fell $5.9 an ounce to $897.9 on on the COMEX division of the New York Mercantile Exchange.
* Gold could benefit later this week from the results of stress tests on U.S. banks, which are expected to be released on Thursday. Several of the largest U.S. banks could be instructed by regulators to raise more capital. [
]* Turkey said its gold imports declined in April to 25.698 kg, against 40 kg in March. Year-on-year, they were down 97.5 percent from 1,030 kg. [
]MARKET NEWS
* The euro <EUR=> lapsed to $1.3302 from a one-month $1.3437 peak, and weaker than $1.3324 late in New York on Tuesday. [
]* Oil fell on Tuesday after hitting a 2009 high as bulging oil inventories and falling energy demand outweighed fragile hopes for an economic recovery. [
]* India's gold prices were slightly down on Tuesday, softened by a stronger rupee against the dollar, but demand slowed after the previous few days' surge and as traders finished replenishing stocks. [
]* U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices. [
]DATA EVENTS
* Bank of England Monetary Policy Committee meeting
* Australian Trade Balance for March at 0130 GMT
* Australian Retail Sales for March at 0130 GMT
* Euro Zone Services PMI for April at 0758 GMT
* UK Services PMI for April at 0828 GMT
* Euro Zone Retail Sales for March at 0900 GMT
* Weekly U.S. Mortgage Market Index at 1100 GMT
* ADP U.S. Employment Report for April at 1215 GMT
* The following data is expected on Wednesday: <ECON>
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] > Many stress test banks won't need US help-Bernanke[ ] > Swine flu kills 2nd person in US, spreads globally [ ] > Judge mulls Chrysler plan, GM talks loom [ ] > US services on mend but 2009 outlook still grim [ ] > COMMODITIES-Profit-taking, caution hit markets [ ] PRICES Precious metals prices at 0024 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $896.80 -$6.40 -0.71% -0.02% $860.10 57 Spot silver $13.34 $0.00 +0.00% +11.35% $11.29 67 Spot plat $1127.00 $1.50 +0.13% +0.90% $1152.60 47 COMEX gold $897.90 -$5.90 -0.65% -0.48% $899.46 50 Currencies Euro/dlr $1.330 $0.006 +0.45% +0.32% Dlr/yen 98.72 1.95 +2.02% +1.62% (Reporting by Lewa Pardomuan; Editing by Valerie Lee)