PRECIOUS-Gold edges up, recovers from sharp pullback

                                
 SINGAPORE, Nov 10 (Reuters) - Gold gained slightly on
Wednesday, after it pulled back sharply from a record high in
the previous session, as investors focused on inflation
prospects and euro zone sovereign debt problems.
                                
 FUNDAMENTALS
                                
 * Spot gold <XAU=> gained 0.4 percent to $1,397.75 an ounce
by 0035 GMT, after dropping about $30 from the record high of
$1,424.10 in the previous session.
                                
 * U.S. gold futures <GCZ0> fell nearly one percent to
$1,397.6.
                                
 * Silver <XAG=> rebounded 1.6 percent to $27.31 an ounce,
after a steep selloff in U.S. silver futures pulled spot price
off a 30-year record just below $30.
                                
 * Investor's interest in silver continued to rise, with
holdings in the world's largest silver-backed exchange-traded
fund, iShares Silver Trust, up one percent to a record high of
10,366.03 tonnes.
                                
 * While holdings in the SPDR Gold Trust <GLD>, the world's
largest gold-backed exchange-traded fund, fell 1.215 tonnes to
1,292.981 tonnes. [GOL/SPDR]
                                
 * Euro zone nation debt issues remain a focus of the
market. Portugal, seen a possible candidate for a Greek-style
bailout, is scheduled to sell up to 1.25 billion euros of
government debt on Wednesday. [ID:nLDE6A71OG]
                                
 * Investors are awaiting the Group of 20 meeting later this
week, which could offer direction on the dollar and commodity
prices. [ID:nSGE6A801L]
                                
 MARKET NEWS
                                
 * The U.S. dollar held on to overnight gains to trade at
two-week highs in early Asia on Wednesday, with the euro
wallowing below $1.3800 on concerns over funding problems among
fringe euro zone sovereigns.[USD/]
                                
 * Wall Street fell for a second  day on Tuesday as selling
accelerated into the close, led by sharp losses in bank and
metal stocks. [.N]
                                
 DATA/EVENTS
 0200 China  Prelim Commodity Trade Data Oct       
[O/CNTRADE]
 0500 Japan  Consumer confidence            Oct   
<JPCONI=ECI>
 0745 France Industrial output mm           Sep     
<FRIP=ECI>
 0900 Italy  Industrial output yy WDA       Sep    
<ITIPY=ECI>
 1100 U.S.   Mortgage index                 Weekly 
<USMGM=ECI>
 1300 U.S.   Import prices mm               Oct    
<USIMP=ECI>
 1330 U.S.   International trade mm         Sep   
<USTBAL=ECI>
 1330 U.S.   Initial Claims                        
<USJOB=ECI>
 ::   China  Trade balance                  Oct     <CNTRD=ECI>
                                
 RELATED NEWS > China, Germany slam US policy before G20
summit  [nN08254228] > Wall St drops in late sell-off; banks,
metals drag[nN09116640] > US inventory surge implies weakness
ahead
                                
  [nN09288785] > Oil drops from 2-year peak on dollar
rebound      [nLDE6A821Z] > EU fines airlines 800 mln euros for
cargo cartel  [nLDE6A82FU] > German wisemen see 2.2 pct growth
in 2011-report  [nLDE6A825D] > EU fails to forge Irish budget
consensus          [nLDE6A82I4] > Bank of France suggests solid
finish for 2010 GDP [nLDE6A80IA] > Swiss consumer confidence
falls in 4th qtr        [nLDE6A80E7] > UK house prices fall,
manufacturing growth slows  [nLDE6A8142] > BoC's Carney: no
role for gold in monetary system [nLDE6A82IA]
                                
 PRICES
                                
 Precious metals prices at 0035 GMT
 Metal             Last    Change  Pct chg  YTD pct chg
Turnover
 Spot Gold        1397.75    5.76   +0.41     27.57
 Spot Silver        27.31    0.43   +1.60     62.27
 Spot Platinum    1760.25    2.76   +0.16     19.99
 Spot Palladium    694.75    4.53   +0.66     71.33
 TOCOM Gold       3679.00   -5.00   -0.14     12.89      
37759
 TOCOM Platinum   4671.00   10.00   +0.21      6.62       
7678
 TOCOM Silver       72.00   -1.50   -2.04     39.26       
2033
 TOCOM Palladium  1834.00  -29.00   -1.56     57.42        
629
 Euro/Dollar       1.3748
 Dollar/Yen         81.66
 TOCOM prices in yen per gram. Spot prices in $ per ounce.
 (Reporting by Rujun Shen; Editing by Ed Lane)