SINGAPORE, May 11 (Reuters) - - Gold edged higher on Wednesday, headed for its fourth consecutive session of gains, supported by growing concerns over Greece's debt crisis and high oil prices.
FUNDAMENTALS
* Spot gold inched up 0.2 percent to $1,517.94 an ounce by 0035 GMT, building on gains in the past three sessions.
* U.S. gold futures
* Greece denied a report that it was discussing a new 60- billion-euro bailout with international lenders and its borrowing costs rose amid fears it may have to restructure its debt without further EU help. [ID:nLDE7491FC]
* U.S. crude futures
* Investors are eyeing the key China inflation data, due at 0200 GMT, which is expected to shed light on the scale of further tightening measures from Beijing. [ID:nL3E7G60AQ]
* Holdings in the iShares Silver Trust , the world's largest silver-backed exchange-traded fund, built on a 3-percent rise in the previous session and edged up 0.2 percent to a one-week high of 10,585.99 tonnes by May 10.
* Spot silver rose by 0.9 percent to $38.78, on
course for a fourth straight session of gains. COMEX silver
* For the top stories on metals and other news, click , or
MARKET NEWS
* U.S. stocks rose for a third day on Tuesday, led by utilities and other defensive sectors that may drive further gains as investors bet on profit growth and set aside concerns about weakening demand.
* The dollar index held steady on Wednesday as the euro edged higher but the single currency remains under pressure on fears that Greece may have to restructure its debt.
DATA/EVENTS 0200 China Industrial output yy Apr 2011 0200 China Retail sales yy Apr 2011 0200 China CPI yy Apr 2011 0200 China PPI yy Apr 2011 0200 China Urban investment (ytd)yy Apr 2011 1230 U.S. International trade mm $ Mar 1800 U.S. Federal budget, $ Apr 2350 Japan Bank lending yy Apr 2011
PRICES Precious metals prices 0035 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1517.94 2.79 +0.18 6.94 Spot Silver 38.78 0.33 +0.86 25.66 Spot Platinum 1797.50 3.95 +0.22 1.70 Spot Palladium 727.63 2.23 +0.31 -8.99 TOCOM Gold 3959.00 43.00 +1.10 6.17 33358 TOCOM Platinum 4733.00 46.00 +0.98 0.79 5506 TOCOM Silver 100.70 3.10 +3.18 24.32 1957 TOCOM Palladium 1916.00 29.00 +1.54 -8.63 331 COMEX GOLD JUN1 1518.30 1.40 +0.09 6.82 1507 COMEX SILVER JUL1 38.77 0.28 +0.72 25.29 2092 Euro/Dollar 1.4408 Dollar/Yen 80.87 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Reporting by Rujun Shen;Editing by Clarence Fernandez)