PRECIOUS – Factors to watch on April 11

LONDON, April 11 (Reuters) – Gold hit a fresh record high in
Europe on Monday, supported by elevated oil prices and a falling
dollar, with further losses seen in the U.S. unit as the Federal
Reserve lags other central banks in tightening monetary policy.

For latest market report, see [GOL/]

PRICES
* Spot gold (XAU=: Quote, Profile, Research) hit a high of $1,476.21 an ounce and was
at $1,472.70 an ounce at 0630 GMT compared with $1,472.70 late
in New York on Friday.

* Silver (XAG=: Quote, Profile, Research) was at $41.57 from $40.85.

* Platinum (XPT=: Quote, Profile, Research) at $1,805.24 from $1,803.75.

* Palladium (XPD=: Quote, Profile, Research) at $798.97 from $790.75.

DATA/EVENTS

* Federal Reserve Bank of New York President William Dudley
speaks on “Financial Reform: The Importance of International
Coordination” before the Institute of Regulation and Risk North
Asia, 0915 GMT.

* Spain Economy Minister Jose Manuel Campa to give speech at
conference on cajas in Madrid, 1030 GMT.

* European Central Bank Governing Council member and Bank of
Italy Governor Mario Draghi speaks at event on “Democracy 2011”
in Turin, 1300 GMT.

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

[M/DIARY] [MTL/DIARY]

MARKET NEWS

* The dollar dipped back in the direction of last week’s
16-month low against a basket of major currencies, hurt by
positive signs for investor risk-taking, while the yen fell to
an 11-month low against the euro. [FRX/]

* U.S. crude futures held near $113 a barrel for the first
time since Sept. 2008 on supply worries, while Brent crude eased
from a 2-1/2 year high after the African Union said Muammar
Gaddafi had accepted a roadmap to end the civil war in Libya.
[O/R]

* Asian stocks outside Japan edged up, extending hefty gains
of the last three weeks, with Chinese and Australian shares
leading gains, helped by investments from overseas, a trend that
has picked up in recent sessions. [MKTS/GLOB]

* European shares are expected to open slightly lower,
mirroring losses in Japan and on Wall Street, with investors
seen trading cautiously ahead of the start of the earnings
season and as crude prices stay strong. [.EU]

FUNDAMENTALS

* Speculators in gold and silver futures and options
increased their net long positions in the week ended April 5 as
both metals hit new highs, according to the latest report by the
U.S. Commodity Futures Trading Commission. [ID:nN08252345]

* Holdings of the world’s largest silver exchange-traded
fund, the iShares Silver Trust (SLV.P: Quote, Profile, Research), said its holdings hit
another record at 11,242.89 tonnes on Friday. [ID:nL3E7FB00Q]

* Egypt has lifted a ban on the export of gold due to
increasing economic and political stability, the government said
in a statement on Saturday. [ID:nLDE7380A4]

TECHNICALS

* Gold support at $1,461, resistance at $1,479, 14-day RSI
at 81.3.

* Silver support at $39.77, resistance at $40.94, 14-day RSI
at 92.9.

* Platinum support at $1,784, resistance at $1,827, 14-day
RSI at 69.0.
(Reporting by Jan Harvey; editing by James Jukwey)

PRECIOUS – Factors to watch on April 11