SINGAPORE Gold traded steady on Tuesday as investors awaited potential policy spinoffs from the U.S. presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious.
* Spot gold ticked up $1.47 to $1,685.46 an ounce by 0017 GMT, rebounding from a two-month low of $1,672.24 in the previous session.
* U.S. gold inched up 0.2 percent to $1,685.70.
* All eyes are on the U.S. presidential election due to take place later in the day, as President Barack Obama and Republican candidate Mitt Romney engaged in frantic last-minute campaigns in a sprint through swing states.
* A win by President Obama could be positive for gold as he is seen more supportive of stimulus measures, while additional monetary easing may be out of question if Romney won, analysts have said.
* The expansion in the vast U.S. services sector slowed slightly last month, suggesting growth in the world's largest economy would remain modest, while activity in China's services industry also waned.
* Greece's government presented a new austerity package to parliament on Monday as a week of strikes and protests kicked off over proposals that lawmakers must approve if the country is to secure more aid and stave off bankruptcy.
* China's ruling Communist Party opens its 18th Congress on Thursday, a complicated political coronation that will install the country's fifth generation of leaders.
* Hong Kong's gold shipment to mainland China in September jumped 23 percent on the year to 69.711 tonnes as demand picked up ahead of the holiday season, although net exports decreased 13 percent on the year.
* Holdings of gold-backed exchange-traded funds stood at 75.074 million ounces by November 4, just a hair off the historical high of 75.086 million ounces hit in late October.
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* U.S. stocks advanced modestly on Monday in light trading in one of the year's quietest sessions on the day before the U.S. presidential election. .N
* The euro languished at eight-week lows versus the greenback on Tuesday, having fallen broadly as a Greek parliament vote on a new austerity package loomed. <USD/>
(Reporting by Rujun Shen; Editing by Ed Davies)
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