Gold retreats from record highs as dollar steadies

A woman buyer looks at gold bangles at a jewellery shop in Mumbai October 8, 2009.

TOKYO (Reuters) - Gold retreated from record highs on Wednesday as the dollar steadied from a 14-month low against major currencies, with traders eyeing further dollar weakness as an impetus to push bullion to new highs.

FUNDAMENTALS

* Spot gold was little changed at $1,063.30 an ounce, slipping from an all-time high of $1,068.30 an ounce hit on Tuesday. Gold has rallied 12 percent since the beginning of September.

* Most-active December gold futures were unchanged at $1,065.0 from the COMEX division of the New York Mercantile Exchange. Gold futures hit a record high of $1,069.7 on Tuesday.

* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said its holdings stood at 1,109.314 tonnes as of October 13, unchanged from the previous business day.

* The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its bullion holdings rose 18.35 tonnes, or 0.2 percent, from the previous day to 8,612.57 tonnes on Tuesday.

* Gold's rally pulled other precious metals higher on Tuesday. Silver rose above $18 an ounce for the first time since July 2008, to $18.01. Silver was at $17.75 on Wednesday.

Platinum hit a 13-month high of $1,361.50 on Tuesday and stood at $1,355.50 on Wednesday.

(Reporting by Chikako Mogi; Editing by Rodney Joyce)