TOKYO, Dec 16 (Reuters) - Gold prices were flat at around $1,125 per ounce on Wednesday ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting, which could provide clues about the timing of interest rate moves. FUNDAMENTALS * Spot gold was at $1,124.70 per ounce at 2357 GMT, up 0.03 percent from New York's notional close of $1,124.40. * It is now trading about 8 percent below a record high of $1,226.10 hit on Dec. 3, due to liquidation. * U.S. gold futures for February delivery inched up 0.3 percent to $1,126 an ounce on the COMEX division of the NYMEX. * Futures were off some $100 from their record high $1,227.50 hit on Dec. 3. * The world's largest gold-backed exchange-traded fund, SPDR Gold Trust , said its holdings stood at 1,116.551 tonnes as of Dec. 15, unchanged from the previous business day. [GOL/SPDR] MARKET NEWS * U.S. stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010. [.N] * The dollar climbed broadly on Tuesday, touching a 2-½ month peak against the euro, as stronger U.S. inflation data suggested the Federal Reserve could at least contemplate raising interest rates sooner than investors anticipate. [USD/] * Oil prices rose for the first day in 10 on Tuesday, moving above $70 a barrel as traders bet that government data will show U.S. crude inventories fell last week. [O/] DATA EVENTS * The following data is expected on Wednesday: - Australia Q3 GDP yr/yr (0030 GMT) - Euro zone flash PMI for December (0858 GMT) - UK ILO unemployment for October (0930 GMT) - UK employment claimant count for November (0930 GMT) - Euro zone inflation for November (1000 GMT) - ECB announces results of 1-year REFI operation (1015 GMT) - Weekly U.S. mortgage market index (1200 GMT) - Norges Bank policy announcement (1300 GMT) - U.S. CPI/core CPI for November (1330 GMT) - U.S. housing starts/building permits, November (1330 GMT) - U.S. current account for Q3 (1330 GMT) - U.S. real earnings for November (1330 GMT) - FOMC releases interest rate statement (1915 GMT) RELATED NEWS >Gold recovers after U.S. inflation data, oil rally [GOL/] >Oil up after 9 days of losses; others mostly down [COM/WRAP] >Gold risks downtrend if pennant chart support fails [ID:nTOE5BA06I] >U.S. producer prices jump, factory reports mixed [ID:nN15217719] >Nakheel funds released but Dubai investors fret [ID:nLDE5BE22I] PRICES Precious metals prices at 2354 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $1124.75 $0.35 +0.03% -2.86% $1144.12 36 Spot silver $17.37 -$0.04 -0.23% -4.46% $18.05 34 Spot plat $1447.00 $1.50 +0.10% -0.07% $1426.57 55 COMEX gold $1126.00 $2.20 +0.20% +0.54% $1142.27 37 TOCOM gold 3,225 4 +0.12% +0.09% 3,287 TOCOM plat 4,135 -12 -0.29% +0.71% 4,095 Currencies Euro/dlr $1.454 $0.001 +0.05% -0.78% Dlr/yen 89.52 -0.10 -0.11% +1.05% TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce. (Reporting by Miho Yoshikawa)

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