SINGAPORE, June 7 (Reuters) - Gold ticked up on Tuesday, after rising to its strongest in more than a month in the previous session, as worries about a slowing U.S. economy prompted purchases from investors seeking an alternative investment.
FUNDAMENTALS
* Spot gold added $1.11 to $1,544.16 an ounce by 0012 GMT after rising as high as $1,553.30 on Monday. Gold is still well below a lifetime high around $1,575 touched in early May.
* Silver hardly moved at $36.82 an ounce, below a record at $49.51 an ounce hit in April.
* U.S. Federal Reserve officials on Monday said recent economic data has been disappointing, with one suggesting it could delay the Fed's exit from its extremely easy monetary policy. [ID:nN06299146]
MARKET NEWS
* The Nikkei edged lower on Tuesday, hit by losses on Wall Street due to fears of a slowing U.S. economy, but the benchmark's support level of 9,317 is expected to hold.
* The euro edged up on Tuesday, steadying from a slide in a relatively subdued session overnight after the Eurogroup chairman said the common currency was overvalued.
* India's gold futures rose on Monday chasing gains in the overseas markets, while demand in domestic spot market improved despite price rise as jewellers, who were waiting for a correction, made significant purchases.
DATA EVENTS (GMT)
0430 Australia RBA cash rate, Jun 2011
0900 EZ retail sales, April
1145 U.S. ICSC chain stores yy Weekly
1900 U.S. consumer credit, April
Precious metals prices 0012 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 1544.16 1.11 +0.07 8.79 Spot Silver 36.82 0.09 +0.25 19.31 Spot Platinum 1804.99 -0.31 -0.02 2.12 Spot Palladium 787.72 3.72 +0.47 -1.47 TOCOM Gold 3988.00 -16.00 -0.40 6.95 19052 TOCOM Platinum 4704.00 -58.00 -1.22 0.17 3539 TOCOM Silver 94.80 -0.30 -0.32 17.04 403 TOCOM Palladium 2030.00 -20.00 -0.98 -3.20 141 Euro/Dollar 1.4585 Dollar/Yen 80.13 TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)