SINGAPORE (Reuters) - Gold ticked up on Tuesday attempting to recover from a 2 percent slide in the previous session, but gains may be limited as the U.S. dollar nears a four-year high.
FUNDAMENTALS
* Spot gold gained 0.4 percent to $1,154.46 an ounce by 0034 GMT, after dropping 2.2 percent in the previous session.
* Gold rallied on Friday as the dollar weakened after U.S. payrolls data marginally missed expectations, but the dollar has since recovered, adding pressure on safe-haven bullion.
* Bullion came under pressure after world equity markets hit their highest level in more than a month on Monday, lifted by a deal to give global investors easier access to China's $3.9 trillion stock market and gains in U.S. equities.
* Gold prices could tumble towards $800 to $900 an ounce, not seen since the 2008/2009 financial crisis, as the metal is no longer seen as a decent portfolio diversifier, metals merchant and hedge fund Red Kite said on Monday.
More From This Section
* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.25 percent to 725.36 tonnes on Monday - a fresh six year low.
* Russia's central bank has been forced to step up gold buying to absorb domestic production hit by Western sanctions and to boost liquidity in its foreign reserves, sources said.
* The U.S. Mint expects to restart sales of American Eagle silver bullion coins on an allocation basis from Nov. 17.
* For the top stories on metals and other news, click [TOP/MTL] or [GOL/]
MARKET NEWS
* The dollar started trade in Asia with a bid tone, reversing some post-payrolls losses with investors quick to rebuild long positions amid an absence of major drivers.
(Reporting by A. Ananthalakshmi; Editing by Michael Perry)