PRECIOUS-Gold loses ground as dollar firms; investors eye U.S. stimulus

* Dollar holds near 1-week high
* Gold's next target is $2,090 per ounce -strategist
* Platinum hits highest in nearly six months; silver jumps
* Investors eye U.S.-China meet on Aug. 15
* Interactive graphic tracking global spread of coronavirus:
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https://tmsnrt.rs/3aIRuz7 in an external browser

(New throughout, updates prices, adds analyst comment)
By Sumita Layek
Aug 10 (Reuters) - Gold prices on Monday retreated from an
all-time high hit in the last session as the dollar hovered near
a one-week peak, while investors awaited an agreement on a U.S.
relief bill to help the pandemic-hit economy.
Spot gold XAU= fell 0.2% to $2,030.26 per ounce by 2:09
p.m. EDT (1809 GMT), having hit a record high of $2,072.50 on
Friday. U.S. gold futures GCv1 settled up 0.6% at $2,039.70.
"This is just a natural pullback in this uptrend, people are
just taking profits because gold has had such a fast move
upwards and the dollar has been up for the past two days," said
Michael Matousek, head trader at U.S. Global Investors.
"But the move in dollar is minimal, which tells you that
there's not much conviction in the dollar getting higher and
that's why this pullback in gold should be shallow."
The dollar .DXY held near a one-week peak as investors
focus on the U.S. aid package and U.S.-China meeting on Aug. 15,
as tensions mount between the world's two largest economies.
Gold got a slight lift earlier after U.S. Treasury Secretary
Steven Mnuchin said an agreement could be reached on a relief
bill this week, but the metal erased gains after he declined to
say when talks could resume. "The governments around the world are not going to stop
printing money to fight COVID in the short term and gold will
benefit from that. Gold's next target is $2,090 per ounce," said
Bob Haberkorn, senior market strategist at RJO Futures.
Bullion has surged 34% this year amid mounting COVID-19
cases, which have battered global economies and prompted
unprecedented stimulus measures.
Silver XAG= jumped as much as 3.9% and was last up 3.2% at
$29.20 per ounce, platinum XPT= rose 2.8% to $988.53, after
hitting its highest level since Feb. 20 at $1,002.25.
Palladium XPD= climbed 2.7% to $2,234.59.