PRECIOUS-Gold hit a 3-week low as slowing growth pushed stocks and the dollar higher

* SPDR's gold holdings record the biggest drop in a month on Monday

* Dollar hovers near three-week highs

* Asian stocks reach their highest level in 7 months

* GRAPHIC-2019 Asset Feedback: tmsnrt.rs/2jvdmXl (Add comments, update prices)

By K. Sathya Narayanan

April 2 (Reuters) – The price of gold has hit its lowest level for more than three weeks on Tuesday, as concerns over the slowdown in the global economy have lifted the dollar and the stock markets.

Spot gold was at $ 1,286.85 per ounce at 3:32 GMT, after reaching its lowest level since March 8 at $ 1,285.80 earlier in the session.

US futures on gold fell about 0.2% to $ 1,291.30 an ounce.

"The worries we have seen in recent weeks about economic growth have certainly eased and this (feeling) change of the last few days has resulted in a slight selloff in the gold market," said L & # s. 39, ANZ badyst, Daniel Hynes.

"Most of the global growth comes from China, and the (Chinese) data of the weekend has allayed those concerns."

Strong manufacturing data from the United States and China triggered a sell-off in the US bond market, pushing Asian stocks to their highest level in seven months.

The dollar index, which tracks the currency against its major rivals, was trading at a record high of three weeks released Monday. A stronger dollar makes gold expensive for holders of other currencies.

Following the publication of optimistic data on factory activity in China on Sunday, a survey of private companies showed Monday that the manufacturing sector of the economy unexpectedly reversed growth for the first time in four months in March. .

This was followed by a report on manufacturing in the US better than expected, which showed that activity rebounded a little more than expected in March.

Investors in the SPDR Gold Trust, the largest gold-backed exchange-traded fund in the world, lost 1.5% of their value on Monday, their largest percentage drop on any day since a month ago.

On a technical level, a level of $ 1,275 to $ 1,280 ounce remains the main long – term support for gold, according to an OANDA note.

Among other precious metals, spot palladium declined 0.6% to $ 1,412.16 per ounce, after posting the largest increase since the end of February of the previous session.

Silver was down 0.4% to 15.05 dollars an ounce, while platinum was up 0.2% to 849.37 dollars an ounce. (Report by K. Sathya Narayanan in Bengaluru, edited by Rashmi Aich)