Gold prices edged above $1,430 an ounce in Europe on Monday as the weaker dollar and rising oil prices lent support, but gains were capped by sharper appetite for risk after last week's well-received U.S. payrolls numbers.
PRICES
* Spot gold was at $1,430.70 an ounce at 08:30 SA time compared with $1,427.98 late in New York on Friday.
* Silver was at $38.07 from $37.74.
* Platinum at $1,765.74 from $1,765.
* Palladium at $774.97 from $769.95.
DATA/EVENTS
* Euro zone sentix index for April, 10:30 SA time.
* Euro zone producer prices for February, 11:00 SA time.
* U.S. employment trend index for March, 16:00 SA time.
* U.S. Federal Reserve Chairman Ben Bernanke speaks before the Federal Reserve Bank of Atlanta 2011 Financial Markets Conference, 01:15 SA time.
* U.S. Fed Bank of Chicago President Charles Evans discusses economic conditions and monetary policy issues in live interview on CNBC's Closing Bell, 21:15 SA time.
MARKET NEWS
* The dollar eased against the euro, while the single currency hit fresh 11-month highs against a broadly weaker yen on Monday, with markets all but certain the European Central Bank will raise interest rates later this week.
* Brent crude climbed above $119 a barrel and U.S. crude hit a 2-1/2-year high at more than $108 as unrest in the Middle East and North Africa triggered concern that supplies could be dented while economic growth bolstered demand.
* Asian shares rose to their highest in nearly 3 years after strong U.S. jobs growth spurred optimism about the global economy.
* European shares were set to dip at the open as traders consolidate hefty gains from the previous session, when a key index hit a three-week high.
FUNDAMENTALS
* Speculators in gold futures and options raised their net long positions as prices rose to fresh records last week, data from the U.S. Commodity Futures Trading Commission showed on Friday.
TECHNICALS
* Gold support at $1,415, resistance at $1,441, 14-day RSI at 71.4.
* Silver support at $37.21, resistance at $38.11, 14-day RSI at 77.6.
* Platinum support at $1,754, resistance at $1,786, 14-day RSI at 58.4. - Reuters