PRECIOUS-Gold inches down on strong equities, higher U.S. Treasury yields

Jan 10 (Reuters) - Gold prices edged lower for a second session early on Wednesday, as a rally in equities and a surge in U.S. treasury yields dented bullion's safe-haven appeal. FUNDAMENTALS * Spot gold dipped 0.3 percent to $1,309.26 an ounce by 0049 GMT. Prices fell 0.6 percent on Tuesday, its biggest one-day loss in a month. * Last week, prices touched their highest since Sept. 15 at $1,311.40 * U.S. gold futures were down 0.2 percent at $1,318.10