SINGAPORE, Sept 12 (Reuters) - Gold fell further on Monday but could attract bargain hunters after posting its worst closing since June in the previous session as the dollar rallied against the euro on growing doubts about Europe's ability to resolve its debt crisis.
FUNDAMENTALS
* Spot gold eased $4.21 to $1,852.95 an ounce by 0018 GMT, well below a lifetime high around $1,920 struck last week.
* U.S. gold
* Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international lenders and secure a key new loan tranche as concerns mounted in Europe over its euro zone membership.
* Gold demand, which dropped in the second quarter of this year, is expected to strengthen by the end of 2011, driven by robust jewellery buying in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said.
* Silver, bronze, ebony and plastics are seeing greater use in jewellery as surging gold prices put off price-conscious consumers, jewellery makers at an international trade fair said.
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MARKET NEWS
* The Nikkei fell on Monday after Wall Street tumbled on a European Central Bank board member's resignation and the bank's monetary policy shift to a neutral bias.
* Oil fell by about $1 on Monday with a stronger dollar as investors shunned commodity risk because of Europe's deepening sovereign debt crisis, while economic gloom dampened the outlook for energy use.
* The euro got off to a rocky start in Asia, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.
DATA/EVENTS
0530 India Industrial Output y/y Jul 2011
0800 Italy Industrial output yy WDA Jul 2011 Precious metals prices 0018 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1852.95 -4.21 -0.23 30.54 Spot Silver 41.26 -0.06 -0.15 33.70 Spot Platinum 1830.57 1.87 +0.10 3.57 Spot Palladium 730.65 8.02 +1.11 -8.61 TOCOM Gold 4624.00 -45.00 -0.96 24.00 73299 TOCOM Platinum 4592.00 -56.00 -1.20 -2.21 4451 TOCOM Silver 102.30 -3.10 -2.94 26.30 477 TOCOM Palladium 1850.00 -59.00 -3.09 -11.78 185 COMEX GOLD DEC1 1856.60 -2.90 -0.16 30.62 5926 COMEX SILVER DEC1 41.35 -0.27 -0.66 33.65 1077 Euro/Dollar 1.3606 Dollar/Yen 77.48 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months
(Reporting by Lewa Pardomuan;Editing by Clarence Fernandez)