* Dollar index hits five-week high to pressure gold
* Gold bar premiums steady in Hong Kong
* SPDR holdings at lowest since February 2009 (Updates prices, adds comment, rewrites throughout, adds byline, dateline)
NEW YORK/LONDON, July 2 (Reuters) - Gold was lower on Tuesday as the dollar strengthened and investors looked for further indications that the Federal Reserve may soon end its U.S. stimulus program.
One indication may be on Friday with a U.S. employment report.
The precious metal was higher early on Tuesday on short covering after its biggest quarterly loss since at least 1968. But those gains were brief as some money managers used the opportunity to sell out of long positions.
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