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Gold January 20, 2017 12:30:24 AM

Kaloti Precious Metals-Morning Market Report-Friday, January 20, 2017

Carolina Curiel
ScrapMonster Author
Gold Sags Most in 5 Weeks as Slew of Good News Backs Yellen View

Kaloti Precious Metals-Morning Market Report-Friday, January 20, 2017

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

20/01/2017

 

19/01/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,204.23

 

$17.05

 

$963.78

 

$749.26

 

High Bid

 

$1,206.65

 

$17.10

 

$966.89

 

$755.21

 

Low Offer

 

$1,195.95

 

$16.74

 

$948.62

 

$744.39

 

Close At 02.00

 

$1,204.85

 

$17.02

 

$959.45

 

$754.13

 

Previous Close

 

$1,204.30

 

$17.05

 

$963.34

 

$749.19

 

Daily Change USD

$0.55

 

($0.03)

 

($3.89)

 

$4.94

 

Daily Change %

 

0.05%

 

-0.18%

 

-0.41%

 

0.66%

 

London Fixings

AM

$1,203.35

 

**

 

 

$964.00

 

$749.00

 

 

PM

$1,196.05

 

$16.95

 

$956.00

 

$751.00

 

COMEX Trading Volume

242278

 

76199

 

14544

 

3096

 

Active Month Settlement

$1,201.50

 

$17.00

 

$956.40

 

$751.15

 

Previous Session

 

$1,212.10

 

$17.27

 

$971.90

 

$751.00

 

Daily Change

 

($10.60)

 

($0.27)

 

($15.50)

 

$0.15

 

EFP's

 

1.4/1.7

 

4/7

 

 

0/2

 

0/1

 

Forwards & Options

1 Month

 

3 months

 

6 months

12 months

 

GOFO

 

-

 

-

 

 

-

 

-

 

USD LIBOR

 

0.77667

 

1.03011

 

1.33850

 

1.71039

 

Gold ATM Vols

 

13.345

 

14.323

 

15.36

 

16.425

 

Silver ATM Vols

 

21.87

 

23.3

 

24.78

 

25.905

 

Platinum ATM Vols

19.250

 

19.000

 

18.900

 

18.850

 

Palladium ATM Vols

29.500

 

27.800

 

26.800

 

26.100

 

 

Market Daily & Weekly

Market Snap Shot

 

19/01/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,204.85

 

0.05

 

0.78

 

XAG

 

 

$17.02

 

 

-0.18

 

1.41

 

XPT

 

 

$959.45

 

 

-0.41

 

-1.89

 

XPD

 

 

$754.13

 

 

0.66

 

-0.64

 

Euro

 

 

1.0664

 

 

0.32

 

0.48

 

Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai

Fundamentals and News

Gold Sags Most in 5 Weeks as Slew of Good News Backs Yellen View

 

 

  • Gold posts second straight loss as U.S. economic data bolsters case for Federal Reserve to boost interest rates.

 

  • Applications for U.S. jobless benefits fell near lowest since the 1970s

 

  • U.S. housing starts rose to 1.23 million annualized rate in December, beating economists’ median forecast

 

  • NOTE: Yellen says economy near goals warrants gradual rate hikes

 

  • “The U.S. economic data released today has done a lot of favor to the Fed, which wants to increase the interest rate this year on the back of solid economic growth,” Naeem Aslam, chief market analyst at Think Markets U.K. Ltd., says in e-mail

 

  • Gold futures for Feb. delivery -0.9% to settle at $1,201.50/oz. at 1:45 p.m. on Comex in N.Y., the biggest loss for since Dec. 15

 

  • Bloomberg Dollar Spot Index heads for second straight gain

 

  • “Gold ran into demonstrable headwinds generated by a stronger dollar and higher bond yields, finished off by bearish comments from Fed Chair Janet Yellen,” said James Steel, chief precious metals analyst at HSBC in New York

 

  • Assets +0.3 ton to 1,773.5 tons as of Wed., data compiled by Bloomberg show
  • Holdings up for 3 days, longest streak since Nov.

 

  • READ: China Investors See Comfort in Gold ETF Amid Capital Flight
  • In other precious metals:

 

  • Silver futures also slipped on the Comex, while platinum declined on the N.Y. Mercantile Exchange and and palladium closed little changed.

 

 

Data Forthcoming Releases

 

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

Actual

1:30pm

GBP

Retail Sales m/m

-0.1%

0.2%

 

5:30pm

CAD

CPI m/m

0.0%

-0.4%

 

5:30pm

CAD

Core Retail Sales m/m

0.1%

1.4%

 

6:00pm

USD

FOMC Member Harker Speaks

 

 

 

Tentativ

USD

President-Elect Trump Speaks

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-20th-january-2017

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