PRECIOUS-Gold hovers near 6-year peak as dovish cenbanks, US-Iran jitters fuel demand

* SPDR posts best one-day pct gain in nearly 11 years
* Spot gold up for 5th session; dlr slips to 3-mth low

(Updates prices)
By Brijesh Patel
June 24 (Reuters) - Gold prices advanced on Monday, hovering
near a six-year high touched in the previous session, as dovish
signals from major central banks and heightened tensions between
the United States and Iran boosted demand for the safe-haven
metal.
Spot gold XAU= was up 0.4% at $1,403.88 per ounce as of
0701 GMT, heading for a fifth straight session of gains. Gold
prices hit $1,410.78 on Friday, their highest since Sept. 4,
2013.
U.S. gold futures GCv1 rose 0.5% to $1,407.10 an ounce.
U.S. President Donald Trump said on Sunday he was not
seeking war with Tehran, but tensions remain high between the
longtime foes with Washington due to announce "significant"
sanctions on Iran on Monday. "We are just seeing continued improvement in sentiment built
around the more dovish tone from central banks, but clearly the
safe-haven buying has also picked up with the U.S.-Iran tensions
escalating over the weekend," ANZ analyst Daniel Hynes said.
"Gold surpassed some fairly good support levels, so (I) do
feel like prices will broadly hold above the $1,400 level. At
some point we might see a pullback as investors lock in
profits."
The U.S. Federal Reserve and the European Central Bank last
week hinted that they were open to ease policies to counter a
global economic slowdown, exacerbated by global trade tensions.
Helping bullion's appeal, the dollar index .DXY fell to a
three-month low against a basket of currencies on bets the U.S.
central bank would start lowering interest rates as early as
next month. USD/
"We remain cautiously optimistic on gold as a weaker dollar
should provide the precious metal with a robust tailwind for
now," INTL FCStone analyst Edward Meir said in a note.
The market's focus now shifts to whether Washington and
Beijing can resolve their trade dispute at a summit in Japan
this week of leaders from the Group of 20 leading world
economies.
Chinese President Xi Jinping will attend the G20 summit in
Japan this week, state-run Xinhua news agency said on Sunday,
giving the first official confirmation of his attendance at a
gathering where he is expected to meet Trump. Holdings of the world's largest gold-backed exchange-traded
fund, SPDR Gold Trust GLD , rose 4.57% on Friday from a day
earlier, in their biggest one-day percentage gain since
September 2008. GOL/ETF
"Strong performance in equity markets has hindered gold's
rally in the past. Those issues around economic growth and
potential for lower interest rates have cuddled back the rally
in stock markets, that's seen investors rotate back into
gold-backed ETFs," ANZ analyst Hynes said.
Among other precious metals, silver XAG= edged 0.1% higher
to $15.37 per ounce and platinum XPT= was up 0.9% at $812.63.
Palladium XPD= rose 1.1% to $1,516.70 an ounce.