PRECIOUS – Factors to watch on March 29

LONDON, March 29 (Reuters) – Gold was steady in Europe on
Tuesday, with the soft dollar, euro zone sovereign debt woes and
Middle East unrest lending support, but trading was cautious
after the metal failed to build on last week’s record high.

For latest market report, see [GOL/]

PRICES
* Spot gold (XAU=: Quote, Profile, Research) was at $1,419.50 an ounce at 0630 GMT
unchanged from $1,419.50 late in New York on Monday.

* Silver (XAG=: Quote, Profile, Research) was at $36.97 from $37.12.

* Platinum (XPT=: Quote, Profile, Research) at $1,741.99 from $1,745.70.

* Palladium (XPD=: Quote, Profile, Research) at $740.43 from $742.03.

DATA/EVENTS

* German preliminary CPI for March.

* U.S. ICSC/Goldman Sachs release chain store sales for the
week ended March 26, 1145 GMT.

* U.S. Redbook weekly retail sales, 1255 GMT.

* U.S. S&P/Case-Shiller January home price index, 1300 GMT.

* U.S. consumer confidence for March, 1400 GMT.

* UK final reading of Q4 GDP, Q4 current account, 0830 GMT.

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

[M/DIARY] [MTL/DIARY]

MARKET NEWS

* The dollar weakened against the euro, with the single
currency supported by comments by the head of the European
Central Bank the previous day which reinforced expectations for
higher interest rates. [FRX/]

* Brent crude fell for a third day as Libyan rebels gained
ground against embattled leader Muammar Gaddafi, boosting
expectations supplies from the nation may be restored quicker
than expected. [O/R]

* Global stocks rebounded from early losses tied to Japan’s
struggle to contain the world’s worst nuclear crisis in decades.
[MKTS/GLOB]

* European shares were set to open little changed as
investors worried about the corporate outlook as Wall Street
fell overnight and traders were cautious ahead of UK GDP data.
[.EU]

FUNDAMENTALS

* The world’s largest gold-backed exchange-traded fund, the
SPDR Gold Trust (GLD: Quote, Profile, Research), said its holdings fell to 1,211.836
tonnes on March 28, the lowest since March 4, from 1,213.959
tonnes a day before. [GOL/SPDR]

* A four-day-old strike has paralysed Bolivia’s San
Cristobal mine, which produces silver, zinc and lead and
accounts for about half the country’s mining exports, the
government said on Monday. [ID:nN28224426]

TECHNICALS

* Gold support at $1,400, resistance at $1,431, 14-day RSI
at 70.6.

* Silver support at $36.38, resistance at $37.41, 14-day RSI
at 65.7.

* Platinum support at $1,720, resistance at $1,767, 14-day
RSI at 47.1.

For related news and prices, click on the codes in brackets:
Spot gold/silver (XAU=: Quote, Profile, Research) (XAG=: Quote, Profile, Research) Platinum/palladium (XPT=: Quote, Profile, Research)(XPD=: Quote, Profile, Research)
Gold lease rates (LGLR: Quote, Profile, Research) Comex gold futures (0#GC:: Quote, Profile, Research)
Europe/Asia prices (GOLD/EU1: Quote, Profile, Research) (GOLD/EU2: Quote, Profile, Research) (GOLD/ASIA1: Quote, Profile, Research)
CBOT 100 oz gold futures (0#ZG:: Quote, Profile, Research)
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: Quote, Profile, Research) Foreign exchange rates (FX=S: Quote, Profile, Research)
SPEED GUIDES
(COMMODS: Quote, Profile, Research) (PRECIOUS1: Quote, Profile, Research) (PRECIOUS/FUT1: Quote, Profile, Research) (PRECIOUS/CASH1: Quote, Profile, Research)
(PRECIOUS/SWAP1: Quote, Profile, Research) (PRECIOUS/VOL1: Quote, Profile, Research) (REUTERS: Quote, Profile, Research)

(Reporting by Jan Harvey; editing by Jason Neely)

PRECIOUS – Factors to watch on March 29