TOKYO, Dec 9 (Reuters) - Gold was off three-week lows but remained pressured on Wednesday as the dollar rose, with concerns about sovereign debt troubles prompting investors to reduce risk exposure and cut positions. FUNDAMENTALS * Spot gold was up 0.2 percent at $1,131.25 an ounce as of 0009 GMT, compared with New York's notional close of $1,129.30. On Tuesday, spot gold fell as low as $1,125.15, the lowest since Nov. 16. * U.S. gold futures for February delivery fell 1 percent to $1,132.50 an ounce from $1,143.40 on NYMEX. Futures also fell to a three-week low, of $1,125.30 on Tuesday. * The world's largest gold-backed exchange-traded fund, SPDR Gold Trust , said its holdings fell to 1,116.247 tonnes as of Dec. 8, down 1.2 percent or 13.719 tonnes from the previous business day. It was the largest one-day drop in about five months. Holdings hit a record high of 1,134.03 tonnes on June 1. [GOL/SPDR] MARKET NEWS * Japan's Nikkei share average fell more than 1 percent. [.T] * Japanese gross domestic product grew a revised 0.3 percent in July-September from the previous quarter, against economists' median forecast for a 0.7 percent expansion. The sharp downward revision from a preliminary rise of 1.2 percent was due to a drop in capital spending, which came against an initially estimated rise. [ID:nTKU105743] [ID:nECONJP] * The euro fell to a one-month low against the dollar while the dollar rose to its highest against a basket of major currencies on Wednesday as investors used the excuse of concerns about rising sovereign debt troubles to unwind leveraged carry trades ahead of the year end. [USD/] * U.S. stocks fell on Tuesday after disappointing corporate news from 3M Co and McDonald's while negative developments in global credit markets caused a shift to safe-haven assets. [.N] DATA EVENTS * The following data is expected on Wednesday: - Bank of England starts monetary policy meeting (N/A) - German final CPI for November. (0700 GMT) - German trade balance for October. (0700 GMT) - UK trade balance for October. (0930 GMT) - Weekly U.S. mortgage market index. (1200 GMT) - UK pre-budget report. (1230 GMT) - U.S. wholesale inventories for October. (1500 GMT) RELATED NEWS >Gold hits 3-wek low; dollar rise spooks investors [GOL/] >Oil drops below $73 on dollar, inventories [ID:nSP412844] >Debt blow puts Greek rating to euro zone lowest [ID:nGEE5B71FV] >Oil down 5th day, gold at 3-week low, on dollar [COM/WRAP] PRICES Precious metals prices at 0015 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $1131.50 $2.20 +0.19% +26.14% $860.10 35 Spot silver $17.59 $0.00 +0.00% +46.83% $11.29 32 Spot plat $1418.00 $8.00 +0.57% -1.36% $1426.57 41 COMEX gold $1132.70 $3.20 +0.28% -2.69% $1145.05 37 TOCOM gold 3,235 -99 -2.97% -3.49% 3,277 37 TOCOM plat 4,052 -125 -2.99% -2.48% 4,062 41 Currencies Euro/dlr $1.469 -$0.001 -0.05% -0.87% Dlr/yen 88.54 0.18 +0.20% -1.08% (Reporting by Chikako Mogi; Editing by Chris Gallagher)

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