SINGAPORE, Nov 22 (Reuters) - Gold ticked higher on Monday
as the euro gained following Ireland's rescue deal, helping the
metal resist pressure from China's measures to tighten its
economy.
FUNDAMENTALS
* Spot gold added $1.65 an ounce to $1,355.80 an
ounce by 0036 GMT, still well below a lifetime high around
$1,424 an ounce struck in early November.
* U.S. gold futures for December delivery rose $4.7
to $1,357 an ounce.
* iShares Silver Trust , the world's largest
silver-backed exchange-traded fund, said its holdings rose to
another record of 10,814.62 tonnes by Nov. 19. For details of
the ETF's silver holdings, click on:
http://link.reuters.com/wux96h
* China has announced a series of new price-control
measures
to rein in inflation, demanding increases in food production
and
stable energy supplies, state media reported on Monday.
[]
MARKET NEWS
* The euro, Asian stocks and commodities got a fillip on
Monday after global financial authorities agreed to bail out
debt-swamped Ireland and protect Europe's wider financial
stability.
* U.S. crude futures rose above $82 a barrel on Monday,
helped by a weaker dollar against the euro after the EU and IMF
agreed to help bail out Ireland with loans to tackle the
country's banking and budget crisis.
* Japan's Nikkei share average rose 1.1 percent and hit a
fresh five-month intraday high on Monday, after having risen
last week on the back of short-covering and year-end portfolio
tweaking by overseas investors.
DATA/EVENTS
1300 U.S. Chicago Fed index Oct ?
1615 EZ ECB President Trichet speaks at EU parliament?
2000 USDA Cold Pork Belly Stocks Oct ?
:: China Final commodity trade data Oct
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Precious metals prices at 0036 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1355.80 1.65 +0.12 23.74
Spot Silver 27.39 0.18 +0.66 62.75
Spot Platinum 1661.49 -1.51 -0.09 13.26
Spot Palladium 702.97 4.64 +0.66 73.36
TOCOM Gold 3650.00 2.00 +0.05 12.00 23481
TOCOM Platinum 4511.00 34.00 +0.76 2.97 4699
TOCOM Silver 74.30 1.70 +2.34 43.71 1297
TOCOM Palladium 1893.00 30.00 +1.61 62.49 664
Euro/Dollar 1.3745
Dollar/Yen 83.51
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
(lewa.pardomuan@thomson reuters.com; +65 6870 3834; Reuters
Messaging: lewa.pardomuan.reuters.com@reuters.net))
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