Gold on Wednesday held near two-month lows hit in the previous session, with the dollar firm after upbeat US data and as investors waited for nonfarm payroll numbers later this week for clues on the timing of a Federal Reserve rate hike. 

                        FUNDAMENTALS 

  * Spot gold was little changed at USD 1,310.48 per ounce at 0104 GMT. The metal fell 1 percent to hit USD 1,308.65 on Tuesday, its lowest since June 28.

 * US gold futures slipped 0.2 percent to USD 1,313.90. 

* Fed Chair Janet Yellen said on Friday the case for higher rates was strengthening, though she gave little clarity on the timing of a move. In an interview on Tuesday, Vice Chair Stanley Fischer said the US job market is nearly at full strength and that the pace of rate increases by the Fed will depend on how well the economy is doing.

* Gold is highly-sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced. 

* Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.12 % to 955.40 tonnes on Tuesday.

For More Information Free Stock Tips, Mcx Tips, Commodity Market Tips, Intraday Trading Tips, Free Equity Tips on Mobile and you can call us on :-9827808090.