PRECIOUS-Gold lower on dollar, supported by Fed easing hopes

                                
 SINGAPORE, Oct 12 (Reuters) - Gold edged lower on Tuesday,
pressured by a stronger dollar, but expectations of further
monetary easing by the U.S. Federal Reserve are likely to
support the bull run in bullion.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> inched down $1.6 to $1,351.35 an ounce
by 0026 GMT, reversing gains in the previous session.
                                
 * U.S. gold futures for December delivery <GCZ0> were down
0.2 percent to $1,352.4 an ounce.
                                
 * Holdings in the SPDR Gold Trust <GLD.P> slipped for the
third consecutive session, down to 1,287.327 tonnes by Oct 11.
[GOL/SPDR]
                                
 * Investors are eyeing minutes from the Federal Reserve's
September policy meeting, due out on Tuesday, for clues to the
possibility of further monetary easing by the central bank.
                                
 * Russia's central bank has bought more than 100 tonnes of
gold on the domestic market this year, but did not buy any of
the precious metal from abroad, board member Sergei Shvetsov
said on Monday. [ID:nLDE69A0O9]
                                
 * Uncertainties in the global economic recovery have driven
investors to seek a safe haven in gold. On Monday, the
Organisation for Economic Co-operation and Development said a
slowdown in economic growth in the world's developed countries
looked increasingly likely, highlighting signs the recovery may
now have peaked in the United States. [ID:nPISBLE68O]
                                
 MARKET NEWS
                                
 * The U.S. dollar edged higher on Tuesday, after rallying
against the euro and yen in the previous session in
holiday-thinned trade as investors bet the greenback's recent
declines were overdone. [USD/]
                                
 * U.S. stocks drifted in the lightest trading volume of the
year on Monday as few dared to place bets ahead of key
companies' results later this week. [.N]
                                
 DATA/EVENTS
                                
 0500 Japan   Consumer confidence index      Sep
<JPCONI=ECI>
                                
 0530 India   Industrial output              Aug  <INIP=ECI>
                                
 1145 U.S.    ICSC chain stores           Weekly
<USUBSY=ECI>
                                
 1255 U.S.    Redbook mm                  Weekly
<USREDM=ECI>
                                
 1400 U.S.    Employment index               Sep
                                
 1600 U.S.    ECB's Trichet speech to economic club of NY
                                
 1800 U.S.    Fed releases meeting minutes from Sept. 21
                                
 ::   U.S.    Intel Corp earnings            Q3     <INTC.B>
                                
 ::   U.S.    CSX Corp earnings              Q3        <CSX>
                                
 RELATED NEWS > Nobel winner says US needs second stimulus  
                                
 [nN11118781] > US foreclosure halt could hit investors     
                                
 [nN11121582] > ECB's Nowotny sees no deflation in euro zone
                                
 [nN11134793] > Wall Street ends flat as Fed move priced in 
                                
 [nN11131683] > China's Zhou-Patience in correcting
imbalances   [nN11127152] > NZ recovery slow and fragile-RBNZ's
Bollard      [nSGE69A189] > Fed's Yellen-Possible that low
rates feed bubbles [nN11127864] > Economists cut US growth
f'cast after weak data  [nN08174895] > UK economy slowed
sharply, more QE needed-BCC    [nLDE69A0V4] > OECD sees
continued signs of slower growth       [nPISBLE68O] > Oil slips
to $82, Saudis say $70-$80 "ideal" price[nSGE69A050] > Greece
discusses longer EU/IMF repayment-finmin  [nLDE69A1YN]
                                
 PRICES
 Precious metals prices at 0026 GMT
 Metal             Last    Change  Pct chg  YTD pct chg
Turnover
 Spot Gold        1351.35   -1.60   -0.12     23.33
 Spot Silver        23.16   -0.13   -0.56     37.61
 Spot Platinum    1693.50   10.35   +0.61     15.44
 Spot Palladium    590.00    4.55   +0.78     45.50
 TOCOM Gold       3584.00   48.00   +1.36      9.97      
25367
 TOCOM Platinum   4506.00    4.00   +0.09      2.85       
8274
 TOCOM Silver       61.60    1.60   +2.67     19.15        
613
 TOCOM Palladium  1567.00   18.00   +1.16     34.51        
443
 Euro/Dollar       1.3858
 Dollar/Yen         82.26
 TOCOM prices in yen per gram. Spot prices in $ per ounce.
 (Reporting by Rujun Shen; Editing by Clarence Fernandez)