PRECIOUS-Gold pauses a day after testing record high

                                
 TOKYO, Oct 13 (Reuters) - Gold steadied on Tuesday, taking a
breather after rising the previous day to within striking
distance of its all-time high above $1,060 an ounce on a weak
dollar.
                                
 FUNDAMENTALS
                                
 * Gold <XAU=> was at $1,055.40 per ounce at 2353 GMT, almost
flat from New York's notional close of $1,055.25. It had risen as
high as $1,058.75 on Monday, near the record high of $1,061.20
set last week.
                                
 * U.S. gold futures for December delivery <GCZ9> were
$1,056.4 per ounce, down $1.1 or 1 percent from the previous
settlement after rising $8.90 on Monday.
                                
 * The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings stood at 1,109.314
tonnes as of Oct. 12, unchanged since Oct. 7. [GOL/SPDR]
                                
 * The amount of metal Zurich Cantonal Bank holds to back its
palladium exchange-traded fund fell 12,699 ounces or 2.3 percent
in the week to Oct. 9, the company said. [ID:nLC376681]
                                
 MARKET NEWS
                                
 * The dollar shifted back onto the defensive on Tuesday as
investors added to long positions in high-yielding currencies on
expectations that robust U.S. earnings would sustain risk
appetite. [USD/]
                                
 * The euro stood at $1.4787 <EUR=> after topping $1.48 the
previous day for the first time since Oct. 8.
                                
 * The S&P 500 U.S. share index managed a sixth consecutive
day of gains on Monday to end at its closing high for the year as
energy shares rose alongside the price of oil. [.N]
                                
 * Oil prices <CLc1> jumped 2 percent on Monday on optimism
about the pace of global economic recovery and as cool weather
across the United States boosted fuel demand. [O/R]
                                
 DATA EVENTS
                                
 * The following data is expected on Tuesday <ECON>:
                                
 - UK inflation figures for Sept (0830 GMT)
                                
 - Germany ZEW economic sentiment for Oct (0900 GMT)
                                
 - OPEC monthly report (1000 GMT)
                                
 - U.S. ICSC/Goldman Sachs chain store sales (1145 GMT)
                                
 - New York Fed president Dudley speaks (1715 GMT)
                                
 - Fed vice president Kohn speaks (1745 GMT)
                                
 RELATED NEWS
 >Grains surge on bad crop weather; weak dlr helps     [COM/WRAP]
 >Minor metals price project vote delayed          [ID:nLC417455]
 >Sfrica's DRDGOLD miners resume work after strike [ID:nLC299005]
 >India HDFC Bank:gold demand up for festivals    [ID:nBOM464149]
 >ANALYSIS-Gold price soars: miners' shares lag   [ID:nN09519252]
 >Soros Fund Mgt buys 9 pct of Platinum Australia  [ID:nL0378563]
                                
 PRICES
                                
 Precious metals prices at 0004 GMT
 Metal         Last      Change  Pct chg  Day ago pct  MA 30  RSI
 Spot gold    $1055.10   -$0.15  -0.01%   +17.63%    $860.10 77
 Spot silver    $17.78    $0.10  +0.57%   +48.41%     $11.29 73
 Spot plat    $1336.50    $0.00  +0.00%    +0.34%   $1310.07 66
 TOCOM gold      3,053       36  +1.19%    +1.53%      2,950 69
 TOCOM plat      3,878       25  +0.65%    +1.49%      3,791 60
 Currencies
 Euro/dlr       $1.478   $0.001  +0.08%    +0.35%
 Dlr/yen         89.72    -0.10  -0.11%    +0.00%
 TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams.  Spot prices in $ per ounce.
 (Reporting by Risa Maeda; Editing by Michael Watson)