NEW YORK, Aug 4 (Reuters) - U.S. gold futures rose toward $970 an ounce on Tuesday as the dollar trimmed gains versus the euro, but strong technical resistance could put a damper on bullion's rally.
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* December gold GCZ9 up $7 to $965.80 an ounce at 10:50 a.m. EDT (1450 GMT) on the COMEX division of the New York Mercantile Exchange.
* Ranging from $953.10 to $967.30 an ounce, the highest price since June 10.
* The dollar pared initial rise against the euro, boosting gold's allure as a hedge against the falling U.S. currency.
* Recent positive economic data triggers an increase in investor risk appetite as capital shifts out of the dollar, and that boosts gold - James Steel, chief commodities analyst at HSBC.
* Oil's gains also buoyed demand for gold as an inflation hedge. However, should oil prices ease, an element in gold's rally could be removed - Steel.
* New money from investment funds buoyed all asset classes across the board, as evident in the equities rally - analysts.
* There is strong resistance met by gold at the $955-$960 level - Dennis Gartman, independent investor and publisher of the daily Gartman Letter.
* COMEX estimated 10 a.m. gold volume at 40,252 lots.
* Spot gold XAU= at $963.40 an ounce, compared with $955.55 an ounce in late New York business in Monday.
* London afternoon gold fix XAUFIX= at $960.50 an ounce.
* September silver SIU9 up 36.80 cents, or 2.6 percent, to $14.620 an ounce.
* Ranging from $14.025 to $14.655 an ounce, the loftiest level since June 15.
* Silver surged with gold and other metals after the dollar's recent weakness - traders.
* COMEX estimated 10 a.m. silver volume at 14,591 lots.
* Spot silver XAG= was at $14.61 an ounce, versus $14.21 an ounce in Monday's late quote.
* London silver fix XAGFIX= at $14.08 an ounce.
* October platinum PLV9 up $3.70 to $1,243.40 an ounce as economic optimism boosted hoped that autocatalyst demand will rebound.
* Spot platinum XPT= at $1,235 versus $1,232.50.
* September palladium PAU9 up $1.55 at $276.15 an ounce, tracking platinum's gains.
* Spot palladium XPD= at $273, against its previous finish of $269.50. (Reporting by Frank Tang; Editing by Marguerita Choy)