PRECIOUS-Factors To Watch on Jan 10

                                
 LONDON, Jan 10 (Reuters) - Gold rose on Monday, after
shedding 3.5 percent in the first week of 2011, with fears over
the euro zone debt crisis boosting the metals safe-haven appeal
and supported by bargain hunters in the physical market. [GOL/]
                                
 
                                
 PRICES
  * Spot gold <XAU=> was bid at $1,372.60 an ounce at 0750 GMT
from $1,368.80 late in New York on Friday.
                                
 * Silver <XAG=> was at $28.90 an ounce from $28.69.
                                
 * Platinum <XPT=> at $1,733.50 an ounce from $1,731.
                                
 * Palladium <XPD=> at $748.25 an ounce from $748.50.
                                
 
                                
 DATA/EVENTS
                                
 * Italy Q3 public deficit/GDP ratio, 0900 GMT
                                
 * Euro zone Sentix Index for January, 0930 GMT
                                
 * ECB's Trichet holds press conference, Zurich, 1130 GMT
                                
 * U.S. employment trend index for December, 1500 GMT
                                
 * [ECI/US] [ECI/EURO] [ECI/GB]
                                
 
                                
 MARKET NEWS
                                
 * The euro touched four-month lows against the dollar as
stops were triggered amid mounting worries about Europe's debt
crisis, after a source said Portugal was under growing pressure
to accept EU/IMF aid. [FRX/]
                                
 * Oil retreated from almost $90 a barrel, but still traded 1
percent higher after a leak shut an Alaskan pipeline that
carries 12 percent of U.S. crude output. [O/R] 
                                
 * Fears that debt-ridden Portugal may have to seek
government aid kept the euro near a four-month low and appetite
for risky assets weak, although a rebound in oil prices helped
energy shares in Asia. [MKTS/GLOB]
                                
 * European stocks were set to dip on Monday, eroding last
week's strong gains, as investors brace for this week's flurry
of debt auctions in the euro zone and the start of the U.S.
earnings season with aluminium major Alcoa <AA.N> first to
report. [.EU]
                                
   
                                
 FUNDAMENTALS
                                
 * India's gold buying continued on Monday afternoon after
prices fell 1.8 percent in the previous week, as traders sought
to stock in anticipation of the upcoming harvest festival and on
wedding demand, dealers said. [ID:nSGE70904B]
                                
 * Holdings in the world's largest silver-backed
exchange-traded fund, iShares Silver  Trust <SLV>, fell to
10,839.69 tonnes by Jan 7, from 10,892.87  tonnes on Jan 6.
[ID:nL3E7CA009]
                                
 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings fell to 1,271.164 tonnes by
Jan 7 from 1,272.682 tonnes on Jan 6. [ID:nL3E7C90AW]
                                
 
                                
 TECHNICALS
                                
 * Gold support at $1,350 an ounce, resistance at $1,400 and
14-day RSI at 45.49.
                                
 * Platinum support at $1,700 an ounce, resistance at $1,758
and 14-day RSI at 55.49.
                                
 * Silver support at $28.30 an ounce, resistance at $30.25
and 14-day RSI at 48.19.
                                
 
 (Reporting by Rebekah Curtis; Editing by Alison Birrane)