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)

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