PRECIOUS-Gold rises as dollar drops on weak U.S. data

BENGALURU, July 17 (Reuters) - Gold prices rose on Monday as the dollar fell to multi-month lows following weak economic data from the United States that has diminished the outlook for aggressive rate hikes from the U.S. Federal Reserve. FUNDAMENTALS * Spot gold rose 0.19 percent to $1,230.91 per ounce as of 0048 GMT. U.S. gold futures for August delivery rose 0.24 percent to $1,230.50 per ounce. * Asian stocks rose on Monday after the