Metallic sound made by monarch of some Scots? (8)

'metallic sound made by monarch of some scots?' is the definition.
I can't judge whether this definition defines the answer.

'sound made by monarch of some scots?' is the wordplay.
'sound' becomes 'clank' (clank is a kind of sound).
'made by' says to put letters next to each other (letters written or made by another set of letters).
'monarch of some scots?' becomes 'ing' (I can't justify this - if you can you should give a lot more credence to this answer).
'clank'+'ing'='CLANKING'

Can you help me to learn more?