PRECIOUS-Factors To Watch on Jan 19
LONDON, Jan 19 (Reuters) - Gold edged higher for a third consecutive day on Wednesday, supported by a weak dollar and physical demand out of Asia, while platinum hit a 30-month high, buoyed by an improved economic outlook.
For latest market report, see [GOL/]
PRICES * Spot gold XAU= was bid at $1,374.48 at 0717 GMT from $1,367.49 late in New York on Tueday.
* Silver XAG= was at $29.16 from $28.84.
* Platinum XPT= was at $1,840 from $1,823.50. Earlier it touched $1,844, its highest since July 2008.
* Palladium XPD= at $815.97 from $810.47.
* Euro zone current account for November; 0900 GMT
* Euro zone net investment flow for November; 0900 GMT
* UK labour market data; 0930 GMT
* ICSC/Goldman Sachs weekly U.S. chain store sales; 1245 GMT
* Redbook weekly U.S. retail sales;1355 GMT
[ECI/US] [ECI/EURO] [ECI/GB] [M/DIARY] [MTL/DIARY]
* The dollar slid to a two-month low against a basket of currencies on Wednesday, as continued short-covering in the euro helped spur a broad fall in the dollar. [USD/]
* Asian stocks rose on Wednesday, taking a cue from Wall Street gains and on hopes for more robust U.S. earnings, while the euro edged back towards a one-month high hit the previous day. [MKTS/GLOB]
* U.S. crude rose above $91 a barrel on Wednesday, boosted by a fall in the dollar to two-month lows, while Brent crude ranged from steady to firmer after overnight gains. [O/R]
* European shares were set to edge up on Wednesday, tracking gains on Wall Street and in Asia, as robust earnings overnight from U.S. technology firms Apple (AAPL.O) and IBM (IBM.N) reinforced hopes of a strong corporate reporting season. [.EU] [MKTS/GLOB] [USD/] [O/R] [.N] [.EU]
* Holdings in the world's largest silver-backed exchange-traded fund, iShares Silver Trust (SLV), dropped 1.3 percent to 10,585.95 tonnes by Jan 18 from 10,725.73 tonnes on Jan 11. [ID:nL3E7CJ006]
* The world's largest gold-backed exchange-traded fund, SPDR Gold Trust (GLD), said its holdings fell to 1,256.897 tonnes by Jan 18 from 1,259.325 tonnes on Jan 14.[ID:nL3E7CJ005]
* Gold and gold receivables held by euro zone central banks fell 1 million euros to 367.431 billion euros in the week ending Jan. 14, the European Central Bank said on Tuesday. [ID:nFLAICE7HQ]
* Gold support at $1,350 an ounce, resistance at $1,432 an ounce and 14-day RSI at 47.
* Platinum support at $1,755 an ounce, resistance at $1,888 and 14-day RSI at 73.
* Silver support at $28 an ounce, resistance at $32 and 14-day RSI at 51.
For related news and prices, click on the codes in brackets: Spot gold/silver XAU= XAG= Platinum/palladium XPT=XPD= Gold lease rates LGLR Comex gold futures <0#GC:> Europe/Asia prices <GOLD/EU1> <GOLD/EU2> <GOLD/ASIA1> CBOT 100 oz gold futures <0#ZG:> RELATED NEWS AND OTHER TOPICS Precious metals news [GOL] All metals news [MTL] Metals summary [GLANCE/MTL] Index of summaries [GLANCE/] All commodities news [C] Metals diary [MTL/DIARY] Ldn Bullion Mkt Assoc LBMA01 Foreign exchange rates FX=S SPEED GUIDES COMMODS PRECIOUS1 <PRECIOUS/FUT1> <PRECIOUS/CASH1> <PRECIOUS/SWAP1> <PRECIOUS/VOL1> REUTERS
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