raising the Gold in london

Gold rose in London, the dollar weakened against the euro on optimism a deal to rescue banks in Ireland can halt the spread of the debt crisis.
The euro gained for a fourth day against the dollar after the finance ministers of the European Union said the deal will create a capital fund lenders in Ireland. Gold, which reached a record $ 1424.60 an ounce on 09 November, usually moves inversely to the dollar. Bullion fell 1.2 percent last week as China moves to combat inflation and demand growth slow erosion of precious metals and commodities.
"A weaker dollar is good for gold," said Peter Fertig, owner of Quantitative Hainburg Commodity Research Ltd., Germany, today by phone. "Investors are really looking forward to the situation in Ireland will improve, helping the euro."
immediately bullion delivery added $ 7.22, or 0.5 percent, to $ 1,360.15 an ounce at 9:28 am in London. The metal for delivery in December was 0.5 percent, to $ 1359.60 on the Comex in New York.
Ireland's request for a rescue that makes the second member of the euro to find the rescue of the EU and the International Monetary Fund, after Greece. The European Central Bank said in a statement that is "safe", the program will help ensure the stability of the nation's banking system. The Irish Prime Minister Brian Cowen said yesterday he hoped that talks on the package to be completed in the "coming weeks."
"The Irish problem was not fixed yet, but the agreement appears to be a relief for the moment, that is driving the euro," said Hwang Il Doo, a senior trader at Korea Bank Futures Co. in Seoul. "I guess ingots may have bottomed out and could head north towards the end of the year."
China measures
China last week ordered banks to set aside large reserves for the fifth time this year. The country is the largest gold consumer after India.
gold assets in exchange-traded products rose 4.9 metric tons of 2087.54 on 19 November,from 10 suppliers. Holdings reached a record 2,104.65 tonnes on 14 October.
Silver for immediate delivery in London rose 1.1 percent to $ 27.6012 an ounce. It peaked at $ 29.36 30 years on November 9 and 64 percent this year. Sales of silver will rise as investors seek to protect their wealth of weakening currencies, according to the Perth Mint, producer of about 6 percent of the world's gold bullion.
Palladium rose 1.2 percent to $ 710.75 an ounce. Platinum was 0.4 percent, to $ 1,670.25 an ounce. Metal holdings in three PTE That won 0.79 tonnes to 34.7 tonnes on 19 November, the highest amount since at least February.