Gold edged lower early Tuesday on a firmer U.S. dollar, but held not far off levels touched in the previous session when it rose more than 1 percent on geopolitical tensions over the Korean peninsula.

Fundamentals

* Spot gold fell 0.1 percent to $1,308.90 per ounce at 0038 GMT. In the previous session, it rose over 1 percent to register its biggest intra-day percentage gain since Sept. 7.

* U.S. gold futures for December delivery rose 0.1 percent to $1,312.60 per ounce.

* The U.S. dollar rose against a basket of six currencies on Monday, with the euro hit by election results in Germany and investor jitters about a warning against hasty policy shifts by the European Central Bank president.

* Monday that he sees no need for the U.S. Federal Reserve to raise interest rates further as he sees no evidence recent weak inflation data is set to improve.

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