LONDON, Jan 7 (Reuters) - Spot gold looked set for a fifth
consecutive day of losses on Friday, pressured by the strength
in the dollar, as investors wait for key U.S. jobs data for
clues on the health of the economy. []
PRICES
* Spot gold <XAU=> was bid at $1,365.95 an ounce at 0803 GMT
from $1,371.15 late in New York on Thursday.
* Silver <XAG=> was at $28.75 an ounce from $29.04.
* Platinum <XPT=> at $1,720.99 an ounce from $1,729.
* Palladium <XPD=> at $751.47 an ounce from $758.50.
DATA/EVENTS
* Euro zone revised Q3 GDP due 1000 GMT
* Euro zone unemployement rate, Nov; due 1000 GMT
* U.S. non-farm payrolls, Dec; due 1330 GMT
* US unemployment, Dec, due 1330 GMT.
* German industrial production, Nov; due 1100GTM
* [] [] []
MARKET NEWS
* The euro dropped to a four-month low versus a broadly
firmer dollar on Friday ahead of U.S. jobs data, which is
expected to provide more evidence of a stronger U.S. economic
recovery. []
* Brent crude fell 0.7 percent to below $94 as a stronger
dollar curbed the appeal of commodities for investors, while
U.S. crude rebounded as traders unwound short positions after a
fire shut down a Canadian oil sands facility. []
* Japan's Nikkei average edged up to a fresh eight-month
closing peak on Friday as investors stayed cautious ahead of key
U.S. jobs data, while a drop in commodity prices was offset by a
strong performance in Chinese equities.[]
* European shares set to pause after a brisk rally this
week, tracking weakness on Wall Street, with investors reluctant
to take large positions ahead of a U.S. job report that is
expected to show further evidence of strength in the recovery of
the world's largest economy. []
FUNDAMENTALS
* Holdings in the world's largest silver-backed
exchange-traded fund, iShares Silver Trust <SLV>, fell to
10,892.87 tonnes by Jan 6, from 10,917.19 tonnes on Jan 5.
[]
* South Africa's 2010 mine deaths fell by nearly a quarter
compared with the previous year, official data showed on
Thursday, although the fatality rates are still high compared
to industrialised countries. []
* Asian buyers rushed to buy after prices fell from record
highs to look for bargains, betting on growing demand and a
bright price outlook. []
TECHNICALS
* Gold support at $1,350 an ounce, resistance at $1,400 and
14-day RSI at 33.
* Platinum support at $1,700 an ounce, resistance at $1,758
and 14-day RSI at 40.
* Silver support at $28.55 an ounce, resistance at $30.25
and 14-day RSI at 33.
(Reporting by Sylvia Antonioli and Pratima Desai;editing by
William Hardy)
