Gold ticks up as US bond yields slip before key US data

* US job openings data for July due at 1400 GMT

* SPDR Gold Trust holdings rise 0.3% on Monday

* Platinum hits one-month peak

Aug 29 (Reuters) - Gold edged higher on Tuesday as bond yields drifted lower, while markets looked to upcoming data on the U.S. labour market and inflation that is expected to influence the Federal Reserve's interest rate decision next month.

Spot gold was up 0.2% to $1,922.80 per ounce at 1001 GMT, hovering close to its highest level since Aug. 10 reached on Monday. U.S. gold futures gained 0.3% to $1,951.70.

Benchmark 10-year Treasury yields moved further away from multi-year highs touched last week, supporting non-interest-bearing bullion.

"If the U.S. economy is slowing down, that might allow the Fed to be on hold for the time being on the policy side and that potentially should take out some of the fears that further rate hikes are coming in the short term," said UBS analyst Giovanni Staunovo.

Bullion tends to underperform when higher interest rates boost yields on rival safe-havens like U.S. bonds.

After Fed Chair Jerome Powell in his remarks at Jackson Hole last week left the door open for more rate hikes, markets are betting on a roughly 1-in-5 chance of another hike at the U.S. central bank's September meeting, according to the CME FedWatch tool.

Markets are positioning for a slew of U.S. economic data that could firm or trim those bets, with July job openings due at 1400 GMT, the Fed's favoured inflation gauge set to come on Thursday, and non-farm payrolls on Friday.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.3% on Monday.

"The fact that the price has been recovering since the middle of last week suggests that the selling pressure exerted by speculative financial investors has abated," Commerzbank analyst Carsten Fritsch said in an note.

Silver rose 0.4% to $24.35, its highest since Aug. 2, and platinum gained 0.6% to a one-month high of $970.02. Palladium was mostly flat at $1,253.85.

(Reporting by Deep Vakil in Bengaluru Editing by Mark Potter)