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(Reuters)
TOKYO (Reuters) - Cash gold steadied above $1,050 per ounce on Wednesday after snapping a two-day gain a day earlier on a recovery in the dollar and a lack of physical buying.
FUNDAMENTALS
* Spot gold was at $1,055.05 per ounce at 0009 GMT, up 0.1 percent from New York's notional close of $1,054.
* U.S. gold futures for December delivery were at $1,055.60 per ounce, down 0.3 percent, after rising 50 cents to $1,058.60 on Tuesday.
* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said its holdings stood at 1,109.314 tonnes as of October 20, unchanged since October 7.
* Wholesale gold demand in India, the world's biggest gold consumer, abated as prices jumped on Tuesday after picking up in the previous few sessions due to Dhanteras and Diwali.
MARKET NEWS
* U.S. stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.
* The dollar bounced back from a 14-month low against a basket of currencies in volatile trade on Tuesday as policymakers in Europe and Asia commented on the greenback's decline and options-related buying kept it from pushing through key levels.
* U.S. oil futures fell on Tuesday, after hitting a one-year high above $80 a barrel, as disappointing U.S. data on housing starts and inflation weighed on markets.
(Reporting by Risa Maeda; Editing by Edwina Gibbs)
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