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OTC Trading Range For | All Times Are | As Per Dubai | Date | 23/02/2017 |
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22/02/2017 |
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| Gold | Silver |
| Platinum | Palladium |
| ||
Open At 03.00 |
| $1,235.88 | $17.97 |
| $1,003.46 |
| $782.54 |
| ||
High Bid |
| $1,240.44 | $18.06 |
| $1,005.88 |
| $785.83 |
| ||
Low Offer |
| $1,231.60 | $17.92 |
| $995.95 |
| $766.01 |
| ||
Close At 02.00 |
| $1,237.44 | $18.02 |
| $1,003.80 |
| $769.21 |
| ||
Previous Close |
| $1,235.74 | $17.97 |
| $1,003.55 |
| $782.55 |
| ||
Daily Change USD | $1.70 | $0.05 |
| $0.25 |
| ($13.34) |
| |||
Daily Change % |
| 0.14% | 0.28% |
| 0.02% |
| -1.73% |
| ||
London Fixings | AM | $1,237.50 | ** |
| $1,003.00 |
| $783.00 |
| ||
| PM | $1,233.20 | $18.00 |
| $999.00 |
| $774.00 |
| ||
COMEX Trading Volume | 194455 | 30298 |
| 10614 |
| 6227 |
| |||
Active Month Settlement | $1,233.30 | $1,002.70 |
| $1,006.00 |
| $769.05 |
| |||
Previous Session |
| $1,238.90 | $18.00 |
| $1,006.00 |
| $778.80 |
| ||
Daily Change |
| ($5.60) | $984.70 |
| $0.00 |
| ($9.75) |
| ||
EFP's |
| 1.4/1.7 | 4/7 |
| 0/2 |
| 0/1 |
| ||
Forwards & Options | 1 Month | 3 months |
| 6 months | 12 months |
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GOFO |
| - | - |
|
| - |
| - |
| |
USD LIBOR |
| 0.77944 | 1.05344 |
| 1.36239 |
| 1.74539 |
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Gold ATM Vols |
| 11.693 | 14.000 |
| 14.95 |
| 16.14 |
| ||
Silver ATM Vols |
| 20.24 | 22.18 |
| 23.88 |
| 25.43 |
| ||
Platinum ATM Vols | 17.600 | 18.200 |
| 18.450 |
| 18.400 |
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Palladium ATM Vols | 27.850 | 26.850 |
| 26.600 |
| 26.100 |
| |||
Market Daily & Weekly
Market Snap Shot |
| 22/02/2017 |
| 1 Day% |
| 1 Week % |
| ||
XAU |
|
| $1,237.44 |
|
| 0.14 |
| 0.30 |
|
XAG |
|
| $18.02 |
|
| 0.28 |
| 0.22 |
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XPT |
|
| $1,003.80 |
|
| 0.02 |
| -0.75 |
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XPD |
|
| $769.21 |
|
| -1.73 |
| -2.62 |
|
Euro |
|
| 1.0558 |
|
| 0.21 |
| -0.41 |
|
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Gains as Fed Minutes Ease Concern on Pace of Fed Hikes
ü Spot gold rose, erasing earlier declines, after minutes of the Federal Reserve’s last meeting showed officials expressing confidence they can raise U.S. interest rates gradually, with many voters seeing only a modest risk of significant inflation.
ü The record of the Jan. 31-Feb. 1 gathering released Wednesday showed Fed officials wrestling with uncertainty on issues ranging from the Trump administration’s fiscal stimulus plans to the headwinds a rising dollar may pose. The discussion of a rate hike “fairly soon” was tempered by other comments that indicated little concern about near-term inflation risks.
ü What we got was not a surprise either for the hawks or the doves,” saidGeorge Gero, a New York-based managing director at RBC Wealth Management. “You’re seeing a little bit of short covering from those who were more pessimistic or were looking for more hawkish comments.”
ü Gold has posted three straight weekly gains as uncertainty over the economic impact
ü of upcoming elections in Europe and President Donald Trump’s policies spurred speculation that the Fed will be cautious in raising rates. Fed fund futures are pricing in a 36 percent chance of a rate increase in March, the same as traders expected earlier before the minutes were released.
ü Gold for immediate delivery rose 0.1 percent to $1,237.53 an ounce at 2:32 p.m. New York time. The metal fell as much as 0.4 percent earlier.
ü “The fact that they are not coming up with anything we didn’t expect has stabilized the price for now,” Gero said.
ü Gold fell amid mixed messages from Fed officials on interest rates before the central bank released minutes from its latest policy meeting.
ü Gold futures for April delivery -0.5% to settle at $1,233.30/oz at 1:43 pm on Comex in NY
Data Forthcoming Releases
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| Time | Country | Today's Events | Forecast | Previous | Actual |
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| 5:30pm | USD | Unemployment Claims | 242K | 239K |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-23rd-february-2017
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