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GOLD held support at $US1100 despite pressure from concerns about the risk of higher Chinese interest rates weighing on the metal.

* Oil retreats from 8-week intraday high above $83 * OPEC officials say prices within their desired range

* FTSEurofirst 300 ends 0.3 pct lower after 7-week highs * China inflation data raises concerns of tightening

* For related prices, Reuters Terminal users may click on – * UK stock report [.L] FTSE index: <0#.FTS6> techMARK 100 index: <.FTT1X> FTSE futures: <0#FFI:> Gilt futures: <0#FLG:> Smallcap index: <.FTSC> FTSE 250 index: <.FTMC> FTSE 350 index: <.FTLC> Market digest: <.AD.L> Top 10 by vol: <.AV.L> Top price gainers: <.NG.L> Top % gainers: <.PG.L> Top price losers: <.NL.L> Top % losers: <.PL.L> * For related news, click on – * UK hot stocks: [HOT&GB] Wall Street: [.N] Gilts report: [GB/] Euro bond report [GVD/EUR] Pan European stock report: [.EU] Tokyo stocks: [.T] HK stocks: [.HK] Sterling report: [GBP/] Dollar report: [USD/] * For company prices, click on – * Company di

(Corrects in first paragraph to indicate dollar rose.) * U.S. trade deficit narrower than expected

* Chinese consumer inflation hits 16-month high * Weekly jobless claims fall, trade gap narrows

THE world’s top iron ore producer, Brazil’s Vale, is reportedly seeking a 90 per cent increase in prices and trying to shift from annual to quarterly contracts.

PETER Gammell is confident a controversial $3 billion bid to merge the Seven Network with private equipment group WesTrac will go ahead.

PERTH’S overflowing airport is in line for $120 million improvements.

WHATEVER happened to the “preliminary proposal” by Meijin Energy of a $220 million cash offer for Rocklands Richfield?

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