SYDNEY, Oct 27 (Reuters) - Gold climbed in early Asia trading on Monday, pulling silver higher in its wake as investors sought more safe havens amid concerns Asian stocks were set to fall. -- Spot gold quoted at $734.95 at 2255 GMT versus $731.50 in late New York trading. -- Gold ended higher on Friday, snapping a three-day losing streak that took it below $700 an ounce. -- U.S. gold futures for December delivery settled up $15.60, or 2.2 percent, at $730.30 an ounce on the COMEX division of the New York Mercantile Exchange Friday. -- Australian shares opened lower on Monday, following a slide on Wall Street on continued fears of a deep recession. The S&P/ASX 200 index <.AXJO> was down 1.8 percent in early Monday trading. -- Singapore closed for a holiday. -- Gold's gains counter down trend in oil prices. -- The average retail price for a gallon of gasoline in the United States plunged more steeply than ever over the last two weeks as the economic slowdown weighed on crude oil, according to the latest Lundberg survey released overnight. -- The Australian dollar opened weaker against the U.S. dollar. -- Spot platinum was quoted $788.50 an ounce versus $787.50 in New York on Friday. -- Spot palladium rose $3 to $168.00 an ounce against $165.00 on Friday. -- Spot silver was fetching 9.38 an ounce versus $8.63 in New York on Friday Precious metals prices at 2251 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 735.05 2.65 +0.36 -11.73 Spot Silver 9.40 0.00 +0.00 -36.36 Spot Platinum 788.50 0.00 +0.00 -48.13 Spot Palladium 168.00 0.00 +0.00 -54.35 TOCOM Gold 0.00-2110.00 -100.00 -100.00 0 TOCOM Platinum 0.00-2342.00 -100.00 -100.00 0 TOCOM Silver 0.00 -266.50 -100.00 -100.00 0 TOCOM Palladium 0.00 -534.00 -100.00 -100.00 0 Euro/Dollar 1.2538 Dollar/Yen 93.30 (Reporting by James Regan)

Source