SINGAPORE, June 28 (Reuters) - Gold ticked higher on Monday, trading less than $10 shy of last week's record high, underpinned by worries about the global economy after the G20 summit and U.S. comments that Iran has fissile material for two atomic bombs.
FUNDAMENTALS
* Spot gold <XAU=> rose $3.35 to $1,256.75 an ounce by 0115 GMT after a steady performance last week during which bullion struck a record high above $1,264.
* U.S. gold futures for August delivery <GCQ0> rose $1.78 to $1,258.00 an ounce.
* Gold saw support from fears about the durability and pace of the global economic recovery, unallayed after the weekend's G20 summit in Canada, a modestly weaker dollar and comments from the head of the CIA that Iran may have enough fissile material to make two atomic weapons, and could build the first in two years.
* The world's largest gold-backed exchange-traded fund, SPDR Gold Trust <GLD.P> said its holdings remained unchanged at at an all-time high at 1,316.177 tonnes. [
]* Platinum <XPT=> rose 1.3 percent to $1,587.25.
* U.S. lawmakers hammered out a historic overhaul of financial regulations, handing President Barack Obama a major domestic policy victory. [
] [ ]* Dozens of House Democrats had threatened to vote against a ban on swaps trading on grounds the trade would move overseas.
* Instead a compromise solution allows banks to stay involved in foreign-exchange and interest-rate swaps dealing, which form the bulk of the $615 trillion over-the-counter derivatives market. They also could participate in gold and silver swaps and derivatives designed to hedge banks' own risk.
* But they would need to spin off dealing operations that handle agricultural, energy and metal swaps, equity swaps and uncleared credit default swaps.
MARKETS NEWS
* The Nasdaq and S&P 500 rose modestly on Friday on relief that the financial regulation bill wouldn't crimp Wall Street profits as badly as feared and as tech company Oracle's strong results revived hopes about business spending. [
]* First-quarter economic growth in the U.S. was slower than previously estimated in the first quarter, as estimate of business and consumer spending were cut, government data showed. [
]* But U.S. consumer sentiment rose in June to its highest since January 2008 while reports of job losses were down sharply from a year earlier, a survey showed on Friday. [
]* The dollar was subdued on Monday, with investors seeking to cut long positions built in favour of the greenback, while the euro held gains as the focus shifted to the sustainability of an U.S. recovery from the euro zone's woes. [
]DATA/EVENTS
Data expected on Monday <ECON> (GMT):
* Euro zone May M3 money supply -0800
* U.S. May personal income -1230
* U.S. May personal spending -1230
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] > PRECIOUS-Gold rises toward $1,260/oz on economic [ ] > CFTC commitments summary - NY metals/softs [ ]PRICES Metal Last Change Pct chg Two day chg MA 30 RSI Spot gold $1256.75 $3.35 +0.27% +8.54% $1223.61 66 Spot silver $19.14 $0.10 +0.53% +5.28% $18.37 66 Spot plat $1587.25 $20.75 +1.32% +1.23% $1555.83 61 COMEX gold $1258.30 $2.50 +0.20% +1.03% $1194.76 65 TOCOM gold 3,622 36 +1.00% +1.20% 3,595 TOCOM plat 4,600 79 +1.75% +1.48% 4,565 Currencies Euro/dlr $1.239 $0.002 +0.16% +0.11% Dlr/yen 89.30 -0.03 -0.03% +0.02% (Reporting by Nick Trevethan; Editing by Clarence Fernandez)