July 15 (Reuters) -
Gold took a breather on Friday, after setting record highs for two consecutive sessions, as dashed hopes for additional U.S. stimulus measures took some heat off, although the euro zone debt crisis and uncertainties on U.S. deficit talks continued to support sentiment.
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PRICES
* Spot gold was bid at $1,582.04 an ounce at 0630 GMT compared with $1,586.75 late in New York on Thursday.
* Silver was at $38.29 from $38.18.
* Platinum was at $1,750.24 from $1,760.80.
* Palladium was at $771.97 from $772.73.
DATA/EVENTS
* Japan cabinet meeting
* European Banking Authority report, London, 1600 GMT
* Bundesbank vice president Sabine Lautenschlaeger news conference on results of German banks in EU-wide stress test, 1600 GMT, Frankfurt
* Bank of Spain Governor Miguel Angel Fernandez Ordonez news conference on bank stress test results, 1600 GMT, Madrid
MARKET NEWS
* The dollar steadied in Asia on Friday after the impact from a Standard and Poor's warning that it could cut U.S. credit ratings was short-lived, and investors bought back the U.S. currency as they shifted their focus to stress tests on European banks.
* Brent crude slipped on Friday after Standard & Poor's warned it may lower the credit rating of top consumer the United States, capping a volatile week marked by concern about the country's deficit and the euro zone's debt.
* European shares were set to dip on Friday, mirroring falls overnight on Wall Street and in Asia, with banking shares set to be in focus ahead of the publication of stress test results on European lenders.
* U.S. stocks fell on Thursday as Fed Chairman Ben Bernanke backed off hints additional near-term stimulus could be on the way, removing a possible catalyst from a market already facing plenty of obstacles.
FUNDAMENTALS
* Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust and that of the largest silver-backed ETF, New York's iShares Silver Trust remained unchanged.
* JPMorgan Chase & Co raised its commodities trading risk in the second quarter while trimming risk in equities, currencies and bonds, showing the relative importance of raw materials markets to its business.
TECHNICALS
* Gold support was at $1,558 an ounce and resistance at $1,617. The 14-day RSI was at 75.45.
* Silver support was at $37.05 an ounce and resistance at $39.65. The 14-day RSI was at 73.53.
* Platinum support was at $1,737 an ounce and resistance at $1,792. The 14-day RSI was at 56.29. For related news and prices, click on the codes in brackets: Spot gold/silver Platinum/palladium Gold lease rates Comex gold futures <0#GC:> Europe/Asia prices
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