MANILA, May 10 (Reuters) - Gold slipped to a 1-1/2-week low on Tuesday, extending steep losses from the prior session as the dollar remained strong, curbing appetite for the precious metal.
FUNDAMENTALS
* Spot gold XAU= was off 0.3 percent at $1,260.31 an ounce by 0037 GMT, after hitting an early low of $1,259.51, its weakest since April 28. Bullion fell 1.9 percent on Monday, its sharpest single-day drop since March 23.
* Tuesday marked gold's sixth fall out of seven sessions, having failed to hold above the $1,300 resistance, and not benefitting much from data last week showing that the U.S. economy added the fewest jobs in seven months in April.
* Gold is still up 19 percent this year as expectations for a near-term increase in U.S. interest rates has faded.
* U.S. gold for June delivery GCcv1 slipped 0.3 percent to $1,262.40 an ounce.
* Indians bought a third less gold than last year during the annual Hindu and Jain holy festival of Akshaya Tritiya on Monday, industry officials estimate, as droughts have hit the earnings of millions of farmers and the metal's price rallied. Eldorado Gold ELD.TO will resume construction work at a stalled Greek gold mine project after it received approval by Greek authorities. For the top stories on metals and other news, click TOP/MTL or GOL
MARKET NEWS
* Asian shares got off to a weak start, pressured by weaker crude oil prices, though Japanese shares got a tailwind as the dollar stood tall against the yen. MKTS/GLOB
* The dollar drifted to its highest in nearly two weeks against major currencies .DXY while the yen nursed broad losses after showing its biggest one-day fall in more than two weeks on Monday. USD/
DATA AHEAD (GMT)
0130 China
Consumer prices
April
0130 China
Producer prices
April
0600 Germany
Industrial output
Mar
0600 Germany
Trade balance
Mar
0645 France
Industrial output
Mar
1000 U.S.
NFIB business optimism
Apr
1400 U.S.
Wholesale inventories
Mar