PRECIOUS - Factors to watch on Jan 26

LONDON Jan 26 (Reuters) - Gold firmed in Europe on Wednesday after four straight sessions of losses took prices to a three-month low, with physical demand rising in Asia, though gains were muted ahead of a Federal Reserve rate decision.

For latest market report, see [GOL/]

PRICES * Spot gold XAU= was at $1,335.85 an ounce at 0735 GMT compared with $1,332.75 late in New York on Tuesday.

* Silver XAG= was at $26.95 from $26.84.

* Platinum XPT= at $1,787 from $1,784.50.

* Palladium XPD= at $785.97 from $778.72.

DATA/EVENTS

* U.S. Federal Open Market Committee concludes a two-day policy meeting, with an announcement on rates at 1915 GMT.

* U.S. weekly mortgage market index, 1200 GMT.

* U.S. new home sales for December, 1500 GMT.

* World Economic Forum annual meeting 2011 in Davos, Switzerland, ongoing.

* Bank of England to publish minutes of Jan. 12-13 monetary policy committee meeting, 0930 GMT.

[ECI/US] [ECI/EURO] [ECI/GB]

[M/DIARY] [MTL/DIARY]

MARKET NEWS

* The dollar held near a 10-week low against a basket of currencies on Wednesday, with the market looking for confirmation from the Federal Reserve later in the day that its focus remains on supporting growth. [FRX/]

* Oil rose in a technical rebound ahead of the Fed statement, which is expected to reaffirm an improved economic outlook for the world's largest oil consumer, while investors await weekly stocks data. [O/R]

* Japan's Nikkei average .N225 fell 0.5 percent, though other Asian markets ticked up slightly, with the MSCI index of Asian stocks outside Japan .MIAPJ00000PUS rising 0.1 percent. [MKTS/GLOB]

* European shares were set to rise after U.S. President Barack Obama stressed the need to lower corporate tax rates, and after Wall Street pared losses on optimism for the reporting season as most companies have beaten estimates. [.EU]

* German Bund futures opened flat ahead of a sale of 30-year paper and supported by a rise in U.S. Treasury prices since the close of the previous day's European trading session. [GVD/EUR]

FUNDAMENTALS

* SPDR Gold Trust (GLD), the world's largest gold-backed exchange-traded fund, said its holdings fell 31.262 tonnes, the biggest one-day fall ever, to an eight-month low of 1,229.581 tonnes by Jan. 25. [GOL/SPDR]

* A Japanese computer parts manufacturer and gold importer, Space International, has put gold into vending machines -- in the form of gold coins and bars -- in the hope of luring more customers to buy the metal. [ID:nSGE70P00B]

* Patagonia Gold PLC (PGD.L) said its final drilling results were to report exceptionally high grade gold and silver, while a potential new mineralised vein has been discovered at Cap-Oeste. [ID:nWLA3666]

* Holdings in the world's largest silver-backed exchange traded fund, iShares Silver Trust (SLV), fell to 10,447.70 tonnes on Jan. 25 from 10,478.08 tonnes. [ID:nL3E7CP267]

TECHNICALS

* Gold support at $1,315, resistance at $1,360, 14-day RSI at 27.6.

* Silver support at $26.40, resistance at $28.00, 14-day RSI at 27.0.

* Platinum support at $1,787, resistance at $1,849, 14-day RSI at 48.0.

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

(Reporting by Jan Harvey; Editing by Jane Baird)