RPT-PRECIOUS-Gold steady as sell-off on dlr rally pauses

(Repeats to additional subscribers)

TOKYO, Oct 27 (Reuters) - Gold steadied slightly below $1,040
per ounce on Tuesday, after falling the previous day by more than
1 percent on a jump in the dollar from a 14-month low versus the
euro.

FUNDAMENTALS

* As of 0010 GMT, spot gold XAU= was up 0.1 percent at
$1,037.75 an ounce from New York's notional close of $1,037.10.

* Bullion hit a low of $1,036 earlier on Tuesday, its lowest
price since Oct. 6.

* It has lost about 3 percent since it hit a record high
above $1,070 on Oct. 14.

* Gold had rallied in the past two months as the dollar
steadily weakened, making bullion cheaper for non-dollar holders
and boosting investor interest in gold as a hedge.

* U.S. gold futures for December delivery GCZ9 eased 0.4
percent to $1,038.40 an ounce after falling $13.60 or 1.3 percent
to $1,042.80 on Monday on the COMEX division of the New York
Mercantile Exchange.

* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust (GLD), said its holdings fell 1.22 tonnes on
Monday to 1,106.874 tonnes. [GOL/SPDR]

MARKET NEWS

* The U.S. dollar rose broadly on Monday, rebounding from a
14-month low against the euro as falling stock and commodity
prices prompted investors to lock in recent gains in other
currencies. [USD/]

* The euro hit a 14-month high at $1.5064 EUR= on Monday
before reversing the gains to fall to $1.4855 by 0013 GMT.

* Japan's Nikkei stock average .N225 fell 1 percent. [.T]

* U.S. stocks fell for a second straight session on Monday as
investors ditched home builders and financials on fears lawmakers
may let a federal home buyer tax credit expire, while commodity
shares succumbed to pressure from the higher U.S. dollar. [.N]

DATA, EVENTS

* The following data and events are expected on Tuesday:
ECON

- French October consumer confidence (0750 GMT)

- Italy October consumer confidence (0830 GMT)

- Euro zone Sept M3 money supply (0900 GMT)

- U.S. S&P/Case-Shiller Home Price Index for Aug (1300 GMT)

- U.S. consumer confidence for Oct (1400 GMT)

- U.S. building permits revisions for Sept (N/A)

RELATED NEWS
>Gold hits 2-week low, under $1,040/oz as dlr jumps [GOL/]
>Most commods end down as dollar turns corner [COM/WRAP]
>Fink's ISAM to revive gold fund on client demand [ID:nLQ572385]
>Pawnbroker H&T says gold buying boom to weaken [ID:nLQ71322]
>Iamgold increases 2009 gold production forecast [ID:nN26180735]
>Mongolian Prime Minister tenders resignation [ID:nSP491627]

PRICES

Precious metals prices at 0002 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1039.55 $2.45 +0.24% +15.89% $860.10 42
Spot silver $17.04 -$0.01 -0.06% +42.24% $11.29 38
Spot plat $1329.50 -$1.00 -0.08% -2.13% $1322.57 41
TOCOM gold 3,092 -36 -1.15% -2.12% 3,004 56
TOCOM plat 3,950 -57 -1.42% -2.59% 3,853 54
Currencies
Euro/dlr $1.485 -$0.002 -0.11% -0.95%
Dlr/yen 92.22 0.03 +0.03% +0.12%
(Reporting by Risa Maeda; Editing by Edwina Gibbs)