PRECIOUS-Gold retains gains on weak US jobs data, growth fears

SINGAPORE, Feb 10 (Reuters) - Gold held steady on Monday after posting its biggest weekly gain in five weeks on speculation that the Federal Reserve would slow the pace of its stimulus tapering after a weak U.S. jobs report raised questions over the state of economic recovery.


* Spot gold was little changed at $1,266.01 an ounce by 0021 GMT, after gaining 0.7 percent in the previous trading session. Gold is often seen as a safe-haven investment.

* Data on Friday showed that U.S. job creation slowed sharply over the past two months, turning in the weakest performance in three years.

* A union steward was killed in a clash with police at an Anglo American Platinum mine in South Africa, where workers were holding a strike to press for higher wages.

* Hedge funds and money managers slashed their net long positions in gold futures and options last week, snapping a five-week rise as the Federal Reserve cut its stimulus, data from the Commodity Futures Trading Commission showed.

* India, the second biggest gold consumer after China, has no plans at present to reduce tax on gold imports, a junior finance minister said on Friday.

* The volume of gold transferred between accounts held by bullion clearers climbed around 14 percent to an average of 20 million ounces a day, as lower prices boosted trading interest, the London Bullion Market Association said.

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* Asian markets were set for guarded gains on Monday encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there is more than enough event risk ahead to keep investors on their toes.

DATA/EVENTS (GMT) 0500 Japan Consumer confidence 0745 France Industrial output 0900 Italy Industrial output 0930 Euro zone Sentix index


Metal Last Change Pct chg Spot gold 1266.01 -0.64 -0.05 Spot silver 20.02 0 0 Spot platinum 1379.25 0.76 0.06 Spot palladium 707.25 -0.05 -0.01 Comex gold 1266.1 3.2 0.25 Comex silver 20.02 0.084 0.42 Euro 1.3619 DXY 80.743

COMEX gold and silver contracts show the most active months

(Reporting by A. Ananthalakshmi; Editing by Ed Davies)