PRECIOUS-Gold little changed a day after rising 2 pct

TOKYO, Jan 5 (Reuters) - Gold prices were little changed on
Tuesday after rising more than 2 percent the previous session,
when an oil price rally and a decline in the dollar spurred heavy
fund buying on the first trading day of 2010.

FUNDAMENTALS

* Spot gold XAU= was at $1,121.80 an ounce as of 0008 GMT,
up 0.1 percent from New York's notional close of $1,121.00.

* On Monday it hit a high of $1,123.40 an ounce, its highest
since Dec. 17.

* Also on Monday, spot palladium XPD= climbed to its
highest since July 2008 and spot platinum XPT= hit a 16-month
peak. Platinum group metals prices are benefiting from hopes for
an economic recovery in 2010 and speculation platinum and
palladium-backed exchange traded products will shortly be
launched in the United States.

* U.S. gold futures for February delivery GCG0 traded at
$1,122.60 an ounce, up 0.4 percent from the previous close.

* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust (GLD), said its holdings fell 4.877 tonnes or 0.4
percent to 1,128.745 tonnes on Monday. [GOL/SPDR]

MARKET NEWS

* Tokyo's Nikkei share average .N225 was up 1 percent on
Tuesday. [.T]

* U.S. stocks climbed broadly on Monday after a report showed
the manufacturing sector expanded for a fifth straight month,
lifting confidence in the global economy as investors eye fourth
quarter earnings. [.N]

* The U.S. dollar fell on Monday as optimism about a global
economic recovery encouraged investors to seek riskier
investments such as stocks and commodities at the expense of the
greenback. [USD/]

DATA EVENTS

* The following data is expected on Tuesday: ECON

- German jobless for Dec (0900 GMT)

- UK construction PMI for Dec (0930 GMT)

- Euro zone consumer prices index for Dec (1000 GMT)

- U.S. factory orders for Nov (1500 GMT)

- U.S. pending home sales for Nov (1500 GMT)

- U.S. auto sales for Dec (N/A)

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PRICES

Precious metals prices at 0018 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1121.45 $0.45 +0.04% -3.15% $1134.70 59
Spot silver $17.61 $0.06 +0.34% -3.14% $17.74 59
Spot plat $1517.00 -$4.00 -0.26% +3.51% $1451.95 73
COMEX gold $1119.00 $22.10 +2.01% +2.43% $1140.59 59
TOCOM gold 3,347 41 +1.24% +2.70% 3,283 66
Currencies
Euro/dlr $1.442 $0.001 +0.08% +0.68%
Dlr/yen 92.41 -0.14 -0.15% -0.63%
TOCOM prices in yen per gram and spot prices in $ per ounce.
(Reporting by Risa Maeda; Editing by Chris Gallagher)