LONDON, Oct 13 (Reuters) - Gold rose to its highest in nearly a week on Wednesday, lifted by broad weakness in the dollar after the minutes of the U.S. Federal Reserve's last meeting suggested officials were ready to prop up the economy. Gold's inverse relation to the U.S. dollar, which fell to its most negative in six months in early European trade, helped push bullion prices to their highest since last Thursday. The Fed officials who gathered on Sept. 21 focused both on the possibility of buying more longer-term U.S. government debt to drive borrowing costs lower and ways to nudge the public into expecting higher levels of inflation in the future to spur spending, the central bank said on Tuesday. [ID:nN12188145] The dollar came under broad selling pressure against the Swiss franc, the Japanese yen and the euro, which benefitted in turn from hawkish comments from European Central Bank Governing Council member Axel Weber. "It's really a dollar-driven market right now, where the metals are concerned ... and as long as that continues, the safe-haven buying will continue," said MKS Finance head of trading Afshin Nabavi. Adding to the bullish tone in gold was Goldman Sach's decision earlier this week to raise its 12-month price forecast for gold by about 20 percent to $1,650 an ounce. [ID:nLDE69B1XP] "A lot of people are looking at that and saying 'let's not sell here'," Nabavi said. PRICES * Spot gold XAU= was bid at $1,355.70 an ounce at 0658 GMT from $1,349.60 late in New York on Tuesday. * Silver XAG= was at $23.47 from $23.28. * Platinum XPT= at $1,692.00 from $1,675.00 * Palladium XPD= at $590.50 from $580.00. DATA/EVENTS * Euro zone August industrial production; 0900 GMT * UK August ILO unemployment; 0830 GMT * U.S. weekly mortgage market index; 1100 GMT * U.S. Sept import/export prices; 1230 GMT * 2010 Federal Reserve Chairman Ben Bernanke addresses business conference in Pittsburgh, PA; 2010 GMT * 9th Asia Pacific Mining Conference, Jakarta MARKET NEWS * Asian stocks rose on Wednesday with tech-linked shares leading the way following an upbeat fourth-quarter forecast from computer chipmaker Intel. [MKTS/GLOB] * The dollar came under broad selling pressure on Wednesday as investors sold it down in a bid to test key lows against the euro, the Swiss franc and a basket of currencies. [USD/] * Oil rose past $82 on Wednesday after China's crude imports jumped last month, while a weaker dollar and expectations of economic stimulus by top consumer the United States burnished the appeal of commodities for investors. [O/R] * U.S. stocks hit fresh 5-month highs on Tuesday as details from the Fed's latest meeting showed the U.S. central bank may once again flood markets with cheap cash "before long" to further boost growth. [.N] * European shares were expected to rise on Wednesday on growing speculation that policymakers will embark on more quantitative easing measures after minutes from a U.S. Federal Reserve meeting showed that officials indicated they may act soon to spur the recovery. [.EU] FUNDAMENTALS * Holdings of gold in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust (GLD) were unchanged. GOL/SPDR] * U.S. gold futures ended lower on Tuesday as bullion investors took profits amid uncertainty over what the Federal Reserve will do to boost economic growth. [ID:nN12553654] * Fresnillo Plc (FRES.MX), the world's largest primary silver producer, said quarterly silver output of 10.69 million ounces reached a new record level, as did quarterly attributable gold production, which rose 44 percent to 91,822 ounces. [ID:nWLA5253] TECHNICALS * Gold support at $1,320.00 an ounce, resistance at $1,363.00 and 14-day RSI at 76.73. * Platinum support at $1,673.00 an ounce, resistance at $1,726.00 and 14-day RSI at 64.29. * Silver support at $22.28 an ounce, resistance at $23.56 and 14-day RSI at 76.35. For related news and prices, click on the codes in brackets: Spot gold/silver XAU= XAG= Platinum/palladium XPT=XPD= Gold lease rates LGLR Comex gold futures <0#GC:> Europe/Asia prices CBOT 100 oz gold futures <0#ZG:> 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 Foreign exchange rates FX=S SPEED GUIDES COMMODS PRECIOUS1 REUTERS (Reporting by Amanda Cooper, editing by Jane Baird)

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