OTC Trading Range For | All Times Are |
| As Per Dubai |
| Date | 09/03/2017 |
| ||||
08/03/2017 |
|
| Gold |
| Silver |
| Platinum | Palladium |
| ||
Open At 03.00 |
| $1,215.86 |
| $17.49 |
| $960.88 |
| $772.77 |
| ||
High Bid |
| $1,218.65 |
| $17.55 |
| $963.55 |
| $774.68 |
| ||
Low Offer |
| $1,206.73 |
| $17.22 |
| $945.40 |
| $765.82 |
| ||
Close At 02.00 |
| $1,208.31 |
| $17.23 |
| $946.75 |
| $770.51 |
| ||
Previous Close |
| $1,215.86 |
| $17.49 |
| $960.85 |
| $772.74 |
| ||
Daily Change USD | ($7.55) |
| ($0.26) |
| ($14.10) |
| ($2.23) |
| |||
Daily Change % |
| -0.62% |
| -1.51% |
| -1.49% |
| -0.29% |
| ||
London Fixings | AM | $1,213.30 |
| ** |
|
| $957.00 |
| $767.00 |
| |
| PM | $1,209.20 |
| $17.40 |
| $952.00 |
| $766.00 |
| ||
COMEX Trading Volume | 201752 |
| 57773 |
| 20265 |
| 4162 |
| |||
Active Month Settlement | $1,209.40 |
| $17.29 |
| $949.50 |
| $770.40 |
| |||
Previous Session |
| $1,216.10 |
| $17.53 |
| $961.10 |
| $775.00 |
| ||
Daily Change |
| ($6.70) |
| ($0.24) |
| ($11.60) |
| ($4.60) |
| ||
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 |
| 0.85444 |
| 1.10622 |
| 1.42044 |
| 1.79983 |
| ||
Gold ATM Vols |
| 11.733 |
| 13.205 |
| 14.165 |
| 15.395 |
| ||
Silver ATM Vols |
| 19.37 |
| 21.06 |
| 22.377 |
| 24.093 |
| ||
Platinum ATM Vols | 17.400 |
| 17.100 |
| 17.300 |
| 17.500 |
| |||
Palladium ATM Vols | 27.100 |
| 25.750 |
| 25.500 |
| 25.500 |
| |||
Market Daily & Weekly
Market Snap Shot |
| 08/03/2017 |
| 1 Day% |
| 1 Week % |
| ||
XAU |
|
| $1,208.31 |
| -0.62 |
| -3.42 |
| |
XAG |
|
| $17.23 |
|
| -1.51 |
| -6.91 |
|
XPT |
|
| $946.75 |
|
| -1.49 |
| -7.34 |
|
XPD |
|
| $770.51 |
|
| -0.29 |
| -0.89 |
|
Euro |
|
| 1.0541 |
|
| -0.24 |
| -0.06 |
|
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Tumbles as ADP Jobs Surge Bolsters Fed’s Case to Hike Rates
Gold futures drop to lowest in five weeks after a report showing a strengthening U.S. job market bolsters prospects for an interest-rate increase at next week’s FOMC meeting.
Contract for April delivery -0.6% to settle at $1,209.40/oz at 1:46 pm on the Comex in N.Y, after falling to $1,206.40, lowest intraday since Feb. 1
ADP says private payrolls +298k in Feb., most in almost three years, vs forecast for 187k
“ADP is telling us it’s almost a 100 percent certainty we’re going to see a Fed hike,” says Frank Cholly, a senior market strategist at RJO Futures in Chicago
“That’s the reason we see the market moving lower”
Bloomberg Dollar Spot Index +0.4%
U.S. 10-year yields climb to highest since December
Gold dropped below the 50-day moving average of $1,210.45, suggesting the rout may not be over
That’s showing “even more technical weakness in this case,” Cholly says
Investors pricing in 100% bet the Fed will raise borrowing costs at March 14-15 meeting
Gundlach Sees ‘Old School’ Fed Doing Sequential Hikes
Silver futures for May delivery -1.4% to $17.298/oz
Platinum futures for April delivery -1.2% to $949.50/oz
Palladium futures for June delivery -0.6% to $770.40/oz
Data Forthcoming Releases
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| Time | Country | Today's Events | Forecast | Previous | Actual |
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| 4:45pm | EUR | Minimum Bid Rate | 0.00% | 0.00% |
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| 5:30pm | USD | ECB Press Conference |
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| 5:30pm | USD | Unemployment Claims | 239K | 223K |
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| 5:30pm | USD | Import Prices m/m | 0.1% | 0.4% |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-9th-march-2017
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