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OTC Trading Range For | All Times Are | As Per Dubai | Date | 21/03/2017 | |
20/03/2017 |
| Gold | Silver | Platinum | Palladium |
Open At 03.00 |
| $1,229.36 | $17.40 | $964.42 | $777.70 |
High Bid |
| $1,235.62 | $17.46 | $971.83 | $785.88 |
Low Offer |
| $1,229.21 | $17.35 | $960.83 | $773.48 |
Close At 02.00 |
| $1,234.24 | $17.43 | $970.60 | $781.94 |
Previous Close |
| $1,229.26 | $17.40 | $964.97 | $776.65 |
Daily Change USD | $4.98 | $0.03 | $5.63 | $5.29 | |
Daily Change % |
| 0.40% | 0.17% | 0.58% | 0.68% |
London Fixings | AM | $1,233.00 | ** | $964.00 | $771.00 |
| PM | $1,232.40 | $17.23 | $960.00 | $778.00 |
COMEX Trading Volume | 124692 | 28681 | 11321 | 2836 | |
Active Month Settlement | $1,234.00 | $17.43 | $972.40 | $781.00 | |
Previous Session |
| $1,230.20 | $17.41 | $963.00 | $775.80 |
Daily Change |
| $3.80 | $0.02 | $9.40 | $5.20 |
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 |
| 0.97611 | 1.15178 | 1.43156 | 1.81317 |
Gold ATM Vols |
| 10.580 | 12.450 | 13.2 | 14.56 |
Silver ATM Vols |
| 18.81 | 20.32 | 21.31 | 22.45 |
Platinum ATM Vols | 16.700 | 16.650 | 16.670 | 16.700 | |
Palladium ATM Vols | 23.750 | 24.000 | 24.500 | 25.100 | |
Market Daily & Weekly
Market Snap Shot | 20/03/2017 | 1 Day% | 1 Week % |
XAU | $1,234.24 | 0.40 | 2.43 |
XAG | $17.43 | 0.17 | 2.64 |
XPT | $970.60 | 0.58 | 3.17 |
XPD | $781.94 | 0.68 | 3.43 |
Euro | 1.0739 | 0.01 | 0.80 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Gains, Bitcoin Investors Are Reminded About What's "Real"
Gold prices climbed higher overnight. The macro environment remains bullish for the yellow metal, amid rising inflation in the U.S., a spate of geo-political uncertainties, and a Federal Reserve intent on raising interest rates at an extremely low pace.
Gold isoften thought of as an alternative currency and has long been known as a "hard" orreal asset. Unlike paper investments including stocks and bonds, physical gold and silver and real estate are "hard" assets that you can hold in your hand or drive by.
Investors have been attracted to Bitcoin in recent years as an alternative currency investment. The virtual currency touched a high last week at $1,259. The digitized currency has seen some setbacks, including the recent U.S. Securities and Exchange Commission rejection of a proposed bitcoin exchanged traded fund. Proponents had hoped that an ETF would attract new cash inflows into the virtual currency investment.
Spot-price changes are good market measures, though the opposite may hold for industrial metals, which continue to provide better total returns than energy despite lower spot increases. Since the start of the millennium, the Bloomberg Industrial Metals Subindex total return is 92% vs. the 56% decline in the Bloomberg Energy Subindex. This is despite the fact that spot energy-subindex prices have increased 133% compared with only 107% for spot industrial metals over the same period.
The post-2008 crisis was an aberration in commodity-index roll yields, notably in energy. Historically, easier-to-store industrial metals have had lower and more consistent carry costs than most other commodity sectors, with the exception of precious metals.
Data Forthcoming Releases
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| Time | Country | Today's Events | Forecast | Previous | Actual |
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| 3:30am | USD | President Trump Speaks |
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| 2:00pm | USD | FOMC Member Dudley Speaks |
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| *Dubai Time |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-21st-march-2017
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