MARKET ROUNDUP Precious metals prices ended higher with gold futures rose to a record above $1,400 an ounce on Monday, defying a strong dollar, as renewed sovereign debt worries in Ireland and the euro zone prompted safe-haven buying. IN FOCUS - The world's largest gold-backed exchangetraded fund, SPDR Gold Trust said its holdings rose to 1,294.196 tonnes by Nov 8 from 1,291.766 tonnes on Nov 5. - The world's largest silver-backed exchange-traded fund, iShares Silver Trust, said its holdings stood at 10253.50 by Nov 08 from 10,137.92 tonnes on Nov 5. - The world's largest economies should consider gold as an indicator to help set foreign exchange rates, the head of the World Bank said on Monday in a proposal that threw open the acrimonious currency debate just before a summit of G20 nations. - Mining company Randgold Resources forecast average annual production of 277,000 ounces of gold from its Tongon mine in Ivory Coast, which poured its first gold on Monday. FUNDAMENTAL OUTLOOK Precious metals prices are trading higher on COMEX today. We expect a further rise in the prices of precious metals on account of renewed sovereign debt worries in the euro zone and high level of investment demand from ETF's.

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