PRECIOUS-Gold perched above $1,300 on U.S. stimulus bet
SINGAPORE, Oct 21 (Reuters) - Gold held near one-and-a-half-week highs above $1,300 an ounce on Monday, supported by expectations the Federal Reserve would hold off curbing its economic stimulus while the United States eyes a more lasting fix to its budget problems. Gold posted its best weekly gain in two months last week after U.S. lawmakers reached a last-minute deal that averted a debt default and reopened government agencies that were shut for 16 days.
* Spot gold had risen 0.1 percent to $1,317.39 an ounce by 0046 GMT. The metal touched $1,325.21 on Friday, its highest since Oct. 8. It rose 3.4 percent last week.
* U.S. gold futures edged up 0.2 percent to $1,317.50 an ounce.
* The U.S. budget deal extends the U.S. government's borrowing authority through Feb. 7 and restores federal funding through Jan. 15, suggesting a similar crisis may happen again unless Congress comes up with a permanent solution.
* Spot gold surged 3 percent when the deal was announced on Oct. 17 on hopes the temporary fix would allow the Fed to delay its planned stimulus tapering. Top Fed officials have suggested that any decision to trim the monthly bond purchases will be likely deferred until at least December.
* Exports of gold jewellery from India rose for a second straight month in September and were set to gain momentum going forward as supply pressures had been eased for exporters before the peak Christmas season in the United States.
* Holdings of the largest gold-backed exchange-traded-fund, New York's SPDR Gold Trust GLD, dropped 0.4 percent on Thursday from Wednesday.
* Goldman Sachs maintained its end-2014 gold price target of $1,050 an ounce, saying the precious metal is still waiting for data confirmation of a U.S. rebound that can support tapering even as the lack of a lasting U.S. resolution could delay tapering.
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* The dollar was mired near an 8-month low against a basket of currencies on the growing expectations the Fed would have to delay scaling back its stimulus.
0600 Germany Producer prices 0800 Italy Industrial orders 1400 U.S. Existing home sales
Precious metals prices 0046 GMT
Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1317.39 1.62 +0.12 -21.33 Spot Silver 21.88 0.06 +0.27 -27.74 Spot Platinum 1436.74 5.64 +0.39 -6.40 Spot Palladium 743.19 4.88 +0.66 7.40 COMEX GOLD DEC3 1317.50 2.90 +0.22 -21.38 2489 COMEX SILVER DEC3 21.92 0.01 +0.03 -27.67 633 Euro/Dollar 1.3671 Dollar/Yen 98.07
COMEX gold and silver contracts show the most active months
(Reporting by Manolo Serapio Jr.; Editing by Joseph Radford)