PRECIOUS-Gold mostly flat after New York rally

TOKYO, Aug 19 (Reuters) - Gold was largely unchanged on
Wednesday after bouncing back the previous day, boosted by the
dollar's decline against the euro as the precious metal took on
its traditional role as a currency hedge.

FUNDAMENTALS

* Gold XAU= stood at $937.80 per ounce at 2342 GMT Tuesday,
up 0.1 percent from New York's notional close of $937.30.

* U.S. gold futures for December delivery GCZ9 were $940.70
per ounce, up 0.2 percent.

* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust (GLD), said its holdings stood at 1,065.49 tonnes
as of Aug. 18, steady from the previous business day. [GOL/SPDR]

MARKET NEWS

* The dollar and yen fell on Tuesday after a strong report on
German investor sentiment and gains in stock markets worldwide
eroded safe-haven demand for the two currencies. [USD/]

* U.S. stocks rose on Tuesday, rebounding after sharp losses
in the previous session, as better-than-expected results from big
retailers encouraged investors to get back into the market. [.N]

* U.S. crude CLc1 rose more than 3 percent to top $70 a
barrel on Tuesday as stronger-than-expected corporate earnings
results lifted equities and boosted optimism about the economy.
[O/R]

DATA EVENTS

* The following data is expected on Wednesday: ECON

- German July producer prices (0600 GMT)

- Euro zone June current account (0800 GMT)

- British Aug CBI industrial trends (10000 GMT)

- Weekly U.S. mortgage market index (1100 GMT)

RELATED NEWS
> Gold rebounds as dollar weakens, oil recovers [GOL/]
> Oil rallies, copper off as economy cuts both ways [COM/WRAP]
> India July gold imports fall to 7.8T-trade body [ID:nBOM484577]
> Global economic recovery has started-IMF [ID:nN18299934]
> U.S. housing starts keep recovery hopes alive [ID:nN18438657]

PRICES

Precious metals prices at 2337 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $937.30 $0.00 +0.00% +4.49% $860.10 41
Spot silver $13.98 $0.02 +0.14% +16.69% $11.29 42
Spot plat $1228.50 $0.50 +0.04% +0.70% $1215.60 48
COMEX gold $938.70 -$0.20 -0.02% +0.46% $943.94
TOCOM gold 2,860 -21 -0.73% -0.49% 2,902 37
TOCOM plat 3,735 -43 -1.14% -1.29% 3,714 44
Currencies
Euro/dlr $1.414 $0.001 +0.08% +0.46%
Dlr/yen 94.91 0.23 +0.24% +0.46%
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Miho Yoshikawa)