Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank's hawkish stance.

FUNDAMENTALS

* Spot gold rose 0.1 percent to $1,243.90 per ounce, as of 0044 GMT, after it hit a fresh near five-week low of $1,242.61 during the session.

* U.S. gold futures for August delivery fell 0.1 percent to $1,245.10 per ounce.

* New York Federal Reserve President William Dudley reinforced expectations that the U.S. central bank will continue on its path of tightening monetary policy.

* World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official.

* Sibanye Gold's Cooke mine in South Africa will remain shut until at least Thursday as the company goes through an appeals process for workers fired for taking part in a wildcat strike, it said on Monday.

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