PRECIOUS-Factors To Watch on Jan 7

                                
 LONDON, Jan 7 (Reuters) - Spot gold looked set for a fifth
consecutive day of losses on Friday, pressured by the strength
in the dollar, as investors wait for key U.S. jobs data for
clues on the health of the economy. [GOL/]
                                
 
                                
 PRICES
  * Spot gold <XAU=> was bid at $1,365.95 an ounce at 0803 GMT
from $1,371.15 late in New York on Thursday.
                                
 * Silver <XAG=> was at $28.75 an ounce from $29.04.
                                
 * Platinum <XPT=> at $1,720.99 an ounce from $1,729.
                                
 * Palladium <XPD=> at $751.47 an ounce from $758.50.
                                
 
                                
 DATA/EVENTS
                                
 * Euro zone revised Q3 GDP due 1000 GMT
                                
 * Euro zone unemployement rate, Nov; due 1000 GMT
                                
 * U.S. non-farm payrolls, Dec; due 1330 GMT
                                
 * US unemployment, Dec, due 1330 GMT.
                                
 * German industrial production, Nov; due 1100GTM
                                
 * [ECI/US] [ECI/EURO] [ECI/GB]
                                
 
                                

                                
 MARKET NEWS
                                
 * The euro dropped to a four-month low versus a broadly
firmer dollar on Friday ahead of U.S. jobs data, which is
expected to provide more evidence of a stronger U.S. economic
recovery. [FRX/]
                                
 * Brent crude fell 0.7 percent to below $94 as a stronger
dollar curbed the appeal of commodities for investors, while
U.S. crude rebounded as traders unwound short positions after a
fire shut down a Canadian oil sands facility. [O/R] 
                                
 * Japan's Nikkei average edged up to a fresh eight-month
closing peak on Friday as investors stayed cautious ahead of key
U.S. jobs data, while a drop in commodity prices was offset by a
strong performance in Chinese equities.[MKTS/GLOB]
                                
 * European shares set to pause after a brisk rally this
week, tracking weakness on Wall Street, with investors reluctant
to take large positions ahead of a U.S. job report that is
expected to show further evidence of strength in the recovery of
the world's largest economy. [.EU]
                                
   
                                
 FUNDAMENTALS
                                
 * Holdings in the world's  largest silver-backed
exchange-traded fund, iShares Silver Trust <SLV>, fell to
10,892.87 tonnes by Jan 6, from 10,917.19  tonnes on Jan 5.
[ID:nL3E7C7005]
                                
 * South Africa's 2010 mine  deaths fell by nearly a quarter
compared with the previous  year, official data showed on
Thursday, although the fatality  rates are still high compared
to industrialised countries. [ID:nLDE705028]
                                
 * Asian buyers rushed to buy after prices fell from record
highs to look for bargains, betting on growing demand and a
bright price outlook. [ID:nL3E7C70BY]
                                
 TECHNICALS
                                
 * Gold support at $1,350 an ounce, resistance at $1,400 and
14-day RSI at 33.
                                
 * Platinum support at $1,700 an ounce, resistance at $1,758
and 14-day RSI at 40.
                                
 * Silver support at $28.55 an ounce, resistance at $30.25
and 14-day RSI at 33.
                                
 
                                
 (Reporting by Sylvia Antonioli and Pratima Desai;editing by
William Hardy)