PRECIOUS-Gold steady near $1,180, eyes Dubai

                                
 TOKYO, Dec 1 (Reuters) - Gold was steady around $1,180 per
ounce on Tuesday even as investors continued to watch for any
fallout on financial markets from Dubai's loan payment troubles.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> was at $1,180.10 per ounce as of 0018 GMT,
up a touch from New York's notional close of $1,179.10.
                                
 * U.S. gold futures for February delivery <GCG0> were at
$1,181.20 per ounce on the COMEX division of NYMEX, down 0.1
percent.
                                
 * Noncommercial net long U.S. gold futures positions rose
11.3 percent to 262,331 lots in the week to Nov. 24 from 235,697
lots, a weekly report by the U.S. Commodity Futures Trading
Commission showed.  [ID:nN30464887]
                                
 * The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its silver holdings rose 152.77
tonnes, or 1.7 percent, from the previous business day to a
record 9,404.79 tonnes as of Nov. 30. [ID:nT46197]
                                
 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,129.994 tonnes as
of Nov. 30, up 2.134 tonnes or 0.2 percent from the previous
business day. [GOL/SPDR]
                                
 MARKET NEWS
                                
 * U.S. stocks rose on Monday, helping the Dow post its fifth
straight monthly gain, on hopes that possible fallout from
Dubai's debt woes will be contained. [.N]
                                
 * The dollar fell broadly on Monday after a pledge to support
Dubai's banks eased investors' concerns about its debt problems,
wiping out a safety bid for the greenback and driving it down
against a currency basket for the fifth straight month. [USD/]
                                
 DATA EVENTS
                                
 * The following events are expected on Tuesday: <ECON>
                                
 - Australia Q3 government spending             (0030 GMT)
                                
 - Australia c.bank interest rates announcement (0330 GMT)
                                
 - Swiss GDP Q3                                 (0645 GMT)
                                
 - German retails sales, Oct                    (0700 GMT)
                                
 - Euro zone manufacturing PMI, Nov             (0858 GMt)
                                
 - Euro zone unemployment, Oct                  (1000 GMT)
                                
 - ICSC/Goldman Sachs weekly U.S. chain store sales (1245 GMT)
                                
 - Redbook weekly U.S. retail sales             (1355 GMT)
                                
 - U.S. ISM for November                        (1500 GMT)
                                
 - U.S. construction spending for October       (1500 GMT)
                                
 - U.S. pending home sales for October          (1500 GMT)
                                
 - ABC U.S. weekly consumer comfort index       (2200 GMT)
                                
 - U.S. auto sales for November                 (N/A)
                                
 RELATED NEWS
 >Gold ends firmer, Dubai debt situation watched           [GOL/]
 >Markets rise in US trade as Dubai fears ease         [COM/WRAP]
 >Dubai crisis gives China chance to buy oil, gold
                                
                                               [ID:nPEK200596]
 >Dubai says not responsible for Dubai World debt [ID:nGEE5AT1SZ]
 >US regional manufacturing up; jobs weak spot    [ID:nN30420743]
                                
 PRICES
                                
 Precious metals prices at 0013 GMT
 Metal         Last      Change  Pct chg  Day ago pct  MA 30  RSI
 Spot gold    $1179.85    $0.75  +0.06%   +31.53%    $860.10  73
 Spot silver    $18.51    $0.06  +0.33%   +54.51%     $11.29  59
 Spot plat    $1447.50   -$4.50  -0.31%    +0.77%   $1397.80  58
 TOCOM gold      3,289       28  +0.86%    +2.85%      3,201  56
 TOCOM plat      4,039       20  +0.50%    +1.28%      3,997  48
 Currencies
 Euro/dlr       $1.503   $0.002  +0.16%    +0.04%
 Dlr/yen         86.34     0.00  +0.00%    -0.61%
 (Reporting by Miho Yoshikawa)
 ((miho.yoshikawa@thomsonreuters.com; +81-3 6441 1854; Reuters
Messaging: miho.yoshikawa.reuters.com@reuter s.net))
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