PRECIOUS-Gold falls after dollar firms on deal to fund U.S. govt

May 1 (Reuters) - Gold fell on Monday after the dollar edged

up as U.S. congressional negotiators hammered out a deal on a

spending package to keep the federal government funded through

September.

FUNDAMENTALS

* Spot gold dropped 0.3 percent to $1,264.06 per

ounce, as of 0236 GMT.

* Gold, last week, saw its biggest weekly percentage fall

since the week of March 10, ending about 1.2 percent lower.

* U.S. gold futures eased 0.2 percent to $1,265.20

an ounce.

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