TOKYO, Jan 22 Cash gold was well-supported on Monday after rising more than 1 percent on

TOKYO, Jan 22 (Reuters) Cash gold was well-supported on Monday after rising more than 1 percent on Friday as a recovery in oil prices induced fresh buying in the precious metal, with strong technicals lending additional support.

-- As of 0050 GMT, gold was at $635.10/635.60 an ounce, little changed from $635.00/636.00 in New York on Friday.

-- Bullion regained strength as key crude oil jumped 3 percent on Friday, holding above the key $50 a barrel level as temperatures fell in the U.S. Northeast, the world's top heating fuel market.

-- Gold is seen as a hedge against oil-led inflation.

-- Cash gold climbed to $636.40 an ounce on Thursday, its highest level since Jan. 3.

-- Gold was about 1 percent above its key resistance of around $629, which is the seven-day moving average.

-- Speculators in U.S. gold futures raised their net long positions by 19 percent in the week to Jan. 16, trade data released on Friday showed.

-- The report showed that noncommercials held net long positions of 62,950 contracts as of Tuesday, up from the 52,868 lots on Jan. 9. [ID:nN19374797] -- Firmness in Japanese gold futures also support the cash gold price.

-- The benchmark December gold contract on the Tokyo Commodity Exchange rose to an eight-month high of 2,501 yen a gram.

-- Platinum was unchanged at $1,156/$1,162 an ounce from Friday's New York close.

-- Palladium also unchanged at $339/344 an ounce.

-- Silver was little changed at $12.81/12.88 an ounce from $12.82/12.89 late in New York.

REUTERS MQA BST0735