RPT-GLOBAL MARKETS-Asia shares edge higher, gold hits new record

* Asian shares see modest gains for a fifth day

* Gold hits new record as dollar hovers near 15-month low

* Aussie dollar surges to 15-mth high on strong jobs data (Repeats to more subscribers)

By Susan Fenton

HONG KONG, Nov 12 (Reuters) - Asian shares edged up on Thursday as investors continued to favour riskier assets on further signs that the global economy is picking up, while a weak dollar sent gold to another record high.

The dollar .DXY recovered some losses after hitting a 15-month low early on, but was still down 0.3 percent against a basket of major currencies.

Its weakness encouraged a shift into gold XAU=, which hit a record high for a second day, at $1,120.30 an ounce, while platinum XPT= rose to a record high above $1,376 an ounce.

A string of robust economic data from China on Wednesday has added to expectations the world's fastest-growing major economy can lead a pick-up in global activity. That has further encouraged a shift from the dollar to riskier assets and boosted commodity prices.

Asian equities rose for a fifth straight day, though gains were modest. Both the MSCI index of Asia Pacific stocks traded outside Japan .MIAPJ0000PUS and the Nikkei .N225 were up around 0.4 percent.

Asian stocks were also underpinned by gains on Wall Street where the Dow Jones index .DJI hit a fresh 13-month high, helped by an upbeat revenue forecast from luxury homebuilder Toll Brothers Inc (TOL.N) and the Chinese data. [.N]

"Even though fears of the U.S. economy dipping again are receding, the biggest boosts are the signs that no stimulus measures will be revoked until a recovery is really confirmed," said Kenichi Hirano at Tachibana Securities in Tokyo.

AUSSIE HITS 15-MTH HIGH

Australia's equity market .AXJO was supported by gains in resource-related stocks, which were buoyed by signs of firming Chinese demand, but stocks came off earlier highs after strong employment data for October raised the likelihood of another interest rate rise next month.

That along with firmer prices for gold and other commodities propelled the high-yielding Aussie dollar AUD= to a 15-month high at $0.9370.

"One month of this data you can take with a grain of salt, but two months in a row of positive (employment) numbers is starting to look llke a trend," said Rob Henderson, head of market economics at National Australia Bank.

South Korea's central bank said recent economic activity showed "clear recovery" but added it would maintain policy easing for the time being [ID:nSEL002745] and kept its benchmark interest rate unchanged at a record low 2 percent.