PRECIOUS-Gold holds overnight losses on firmer dollar

Aug 12 (Reuters) - Gold held on to its losses from the
previous session early on Friday, after the dollar rose on
expectations of a rate hike by the U.S. Federal Reserve this
    * Spot gold was flat at $1,339.30 an ounce at 0107
GMT, having fallen about 0.6 percent on Friday. 
    * U.S. gold was down 0.4 percent at $1,345 an ounce.
    * The U.S. dollar rose 0.1 percent to 95.959 against
a basket of currencies, while Asian stocks rose slightly in
early Friday trade, taking a cue from Wall Street's records
    * The U.S. Fed is likely to raise interest rates in
December, after the Nov. 8 presidential election, according to a
Reuters poll that also predicted a pick-up in economic growth
but with still relatively subdued inflation. 
    * The central bank should raise interest rates further this
year, San Francisco Fed President John Williams said in an
interview published on Thursday. 
    * Britain's decision to quit the European Union has already
begun tipping its economy into a mild recession, according to
economists in a Reuters poll, most of whom said the Bank of
England would chop interest rates again in November.
    * Market speculators betting on more monetary easing in
China will probably be disappointed, state media Xinhua said in
an editorial late Wednesday. 
    * Investment demand for gold reached record first-half
levels this year, a World Gold Council report showed on
    * India's gold demand may rise in the second half of 2016
after falling to the lowest in seven years in the first half as
beneficial monsoon rains will spur rural demand during the peak
festive season, the World Gold Council said. 
    * Holdings of SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, fell 0.03 percent to 972.32
tonnes on Thursday. 
    * For the top stories on metals and other news, click
    0200 China Industrial output July 
    0200 China Retail sales July 
    0200 China Urban investment July 
    0600 Germany GDP flash estimate Q2 
    0600 Germany Wholesale price index July 
    0900 Euro zone GDP flash estimate Q2 
    0900 Euro zone Industrial production June 
    1230 U.S. Retail sales July 
    1400 U.S. Business inventories June 
    1400 U.S. Univ of Michigan sentiment index August

 (Reporting By Nallur Sethuraman in Bengaluru; Editing by
Richard Pullin)