FUNDAMENTALS * Spot gold inched up 0.2 percent to $1,621.89 an ounce by 0027 GMT, off a near three-month low of $1,611.80 hit in the previous session. * U.S. gold rebounded more than half a percent to $1,623.30. * Gold tumbled for two days straight after the U.S. Federal Reserve released minutes from its last policy meeting which showed policymakers were less likely to push for more monetary easing as the economic outlook gradually improves. * A job market report said on Wednesday that U.S. businesses added more than 200,000 jobs in March, giving fresh evidence of recovery. * Adding to gold's woes, the euro fell to a three-month high against the dollar as worries about the euro zone debt crisis rekindled after a poorly received Spanish government bond sales. * European Central Bank cautioned about the downside risks to the economic outlook and dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting. * The Shanghai Gold Exchange reopens on Thursday after a three-day hiatus. When the market closed last Friday, the popular spot gold deferred contract closed at 339.13 yuan a gram, or $1,674 an ounce. * SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings were unchanged at 1,286.621 tonnes by Wednesday. But holdings in the world's key gold ETFs gained 44,761 ounces on the day to 70.4 million ounces (2,190 tonnes). * Spot silver edged up 0.2 percent to $31.36 an ounce, after sliding 4 percent in the previous session -- its largest daily decline in more than a month.
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