SINGAPORE, July 6 (Reuters) - Spot gold on Wednesday hovered near a 1-1/2-week high hit in the previous session, supported by renewed worries about the euro zone's debt problem after Moody's downgraded Portugal's credit rating to junk.
FUNDAMENTALS
* Spot gold edged down 0.1 percent to $1,513.56 an ounce by 0033 GMT, after rising more than 1 percent in the previous session.
* U.S. gold
* Moody's on Tuesday cut Portugal's credit rating to junk and warned the country may need a second round of rescue funds, pushing gold to a 1-1/2-week high of $1,516.49.
* The latest U.S. data showed new factory orders bounced back in May, pointing to underlying strength in manufacturing as demand for transportation equipment and a range of other products rose.
* Investors are watching for any potential supply disruption as a result of strikes in South Africa and Indonesia.
* The National Union of Mineworkers in South Africa, one of the world's top gold producers, said it was readying for strike action over wages against the country's main gold miners including Gold Fields , Harmony and AngloGold Ashanti .
* in Indonesia, mining operations at Freeport-McMoran Copper & Gold's mine have been significantly curtailed by a strike by about 8,000 workers, union workers said.
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MARKET NEWS
* U.S. stocks ended a thinly traded session mostly flat on Tuesday as investors paused after last week's surge, though continually light volume suggested the market could encounter more choppy trading.
* The euro stayed on the back foot in Asia on Wednesday, having suffered a steep fall against the Swiss franc and the dollar after Moody's slashed Portugal's credit rating.
DATA/EVENTS 1100 U.S. Mortgage index Weekly 1145 U.S. ICSC chain stores yy Weekly 1400 U.S. ISM N-Mfg PMI Jun 1400 U.S. ISM N-Mfg Bus Act Jun
PRICES Precious metals prices 0033 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1513.56 -2.14 -0.14 6.63 Spot Silver 35.36 -0.09 -0.25 14.58 Spot Platinum 1733.99 -3.06 -0.18 -1.90 Spot Palladium 769.45 -0.93 -0.12 -3.76 TOCOM Gold 3946.00 43.00 +1.10 5.82 31520 TOCOM Platinum 4560.00 49.00 +1.09 -2.90 5923 TOCOM Silver 92.00 3.10 +3.49 13.58 369 TOCOM Palladium 2018.00 38.00 +1.92 -3.77 215 COMEX GOLD AUG1 1514.10 1.40 +0.09 6.52 2199 COMEX SILVER SEP1 35.43 0.02 +0.04 14.50 572 Euro/Dollar 1.4440 Dollar/Yen 80.93 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Reporting by Rujun Shen; Editing by Himani Sarkar)