PRECIOUS-Gold little changed, steady under $1,120

                                
 TOKYO, Jan 6 (Reuters) - Gold prices steadied a little below
$1,120 on Wednesday, a day after erasing early gains as the
dollar strengthened against the euro.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> was at $1,118.15 an ounce as of 0017 GMT,
compared to New York's notional close of $1,118.10. It has so far
moved between $1,115.60 and $1,119.75.
                                
 * U.S. gold futures for February delivery <GCG0> were at
$1,119.50, up about 0.1 percent.
                                
 * Platinum and palladium jumped to their highest prices in
well over a year on Tuesday, on anticipation of industrial demand
spurred by strong December sales by Ford Motor Co <F.N>.
                                
 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,128.745 tonnes as
of Jan. 5, unchanged from the previous business day. [GOL/SPDR]
                                
 * The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its silver holdings stood at
9,488.81 tonnes as of Jan. 5, down 0.04 percent from the previous
business day. [ID:nTOE6040AK]
                                
 MARKET NEWS
                                
 * The euro fell from a three-week high versus the dollar in
choppy trading on Tuesday.  The dollar suffered its sharpest dip
against the yen in nearly a month, however, as weak U.S. housing
data lowered expectations of a rate hike any time soon. [USD/]
                                
 * The S&P 500 and the Nasdaq rose on Tuesday as
better-than-expected factory orders and a surge in vehicle sales
by Ford provided more evidence of an economic recovery. [.N]
                                
 DATA EVENTS
                                
 * The following data is expected on Wednesday: <ECON>
                                
 - Euro zone services/composite PMI for December (0858 GMT)
                                
 - Euro zone industrial orders for October       (1000 GMT)
                                
 - Euro zone PPI for November                    (1000 GMT)
                                
 - Weekly U.S. mortgage market index             (1200 GMT)
                                
 - Challenger U.S. job cuts for December         (1315 GMT)
                                
 - U.S. ADP employment report for December       (1315 GMT)
                                
 - U.S. ISM non-manufacturing for December       (1500 GMT)
                                
 RELATED NEWS
 >PRECIOUS-Gold cuts gains to turn lower; dollar rises     [GOL/]
 >COMMODITIES-Conflicting data spurs mixed price action
                                
                                                    [COM/WRAP]
 >India gold buying continues as rupee gains      [ID:nSGE604081]
 >U.S. pending home sales slump, factory orders up [ID:nN0548808]
 >Economy hopes drive up stocks, risk appetite    [ID:nLDE6040DV]
                                
 PRICES
                                
 Precious metals prices at 0012 GMT
 Metal         Last      Change  Pct chg  Day ago pct  MA 30  RSI
 Spot gold    $1119.15    $1.05  +0.09%    -3.35%   $1132.98  56
 Spot silver    $17.73   -$0.03  -0.17%    -2.48%     $17.71  62
 Spot plat    $1520.00   -$8.50  -0.56%    -0.10%   $1454.68  74
 COMEX gold   $1119.40    $0.60  +0.05%    +0.04%   $1140.49  58
 TOCOM gold      3,312      -14  -0.42%    +0.18%      3,285  58
 TOCOM plat      4,498       11  +0.25%    +1.10%      4,209  85
 Currencies
 Euro/dlr       $1.436  -$0.001  -0.08%    -0.36%
 Dlr/yen         91.63    -0.09  -0.10%    -0.99%
 TOCOM prices in yen per gram and spot prices in $ per ounce.
 (Reporting by Miho Yoshikawa; Editing by Michael Watson)