Loading prices...

Register/Sign in
ScrapMonster
Sell Your Junk CarGet an instant quote for your car on ScrapMonster.com
Gold April 19, 2017 12:30:56 AM

Kaloti Precious Metals-Morning Market Report-Wednesday, April 19, 2017

Anil Mathews
ScrapMonster Author
Venezuela’s opposition is reaching out to Wall Street banks to dissuade them from helping the country monetize its $7.7 billion in gold reserves.

Kaloti Precious Metals-Morning Market Report-Wednesday, April 19, 2017

 

 

 

 

 

 

OTC Trading Range For

All Times Are

As Per Dubai

Date

19/04/2017

18/04/2017

 

Gold

Silver

Platinum

Palladium

Open At 03.00

 

$1,284.71

$18.42

$985.45

$790.39

High Bid

 

$1,291.85

$18.44

$986.65

$794.80

Low Offer

 

$1,279.05

$18.08

$974.92

$772.65

Close At 02.00

 

$1,289.76

$18.30

$975.80

$776.83

Previous Close

 

$1,284.71

$18.41

$984.02

$790.15

Daily Change USD

$5.05

($0.11)

($8.22)

($13.32)

Daily Change %

 

0.39%

-0.60%

-0.84%

-1.71%

London Fixings

AM

$1,285.00

**

$973.00

$806.00

 

PM

$1,278.95

$18.42

$975.00

$807.00

COMEX Trading Volume

273256

36120

18043

8402

Active Month Settlement

$1,294.10

$18.35

$978.60

$771.00

Previous Session

 

$1,291.90

$18.59

$991.10

$788.55

Daily Change

 

$2.20

($0.24)

($12.50)

($17.55)

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

 

0.99444

1.15844

1.40322

1.77178

Gold ATM Vols

 

15.220

13.790

14.16

14.89

Silver ATM Vols

 

20.98

20.41

21.6

22.57

Platinum ATM Vols

15.900

15.800

16.050

16.200

Palladium ATM Vols

23.400

23.500

24.350

24.850

Market Daily & Weekly

Market Snap Shot

18/04/2017

1 Day%

1 Week %

XAU

$1,289.76

0.39

1.16

XAG

$18.41

-0.60

-0.16

XPT

$975.80

-0.84

0.52

XPD

$776.83

-1.71

-3.76

Euro

1.073

0.81

1.16

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

Fundamentals and News

Venezuela Lawmakers Ask Wall Street to Stop Aiding Maduro

Venezuela’s opposition is reaching out to Wall Street banks to dissuade them from helping the country monetize its $7.7 billion in gold reserves.

Venezuela is going to try to stave off default by seeking to swap its gold reserves into cash, and any investment bank that helps will be effectively “supporting a government recognized by the international community as dictatorial,” according to a letter the opposition-led congress sent Monday to top banks. Lawmakers also approved a measure today that they say would nullify any government debt issuance, as well as any debt swaps and pledges of gold as collateral, not explicitly approved by congress.

“The national government, through the central bank, is going to try to swap gold held as reserves for dollars to stay in power unconstitutionally,” according to the letter signed by National Assembly President Julio Borges. “I have the obligation to warn you that by supporting such a gold swap you would be taking actions favoring a government that’s been recognized as dictatorial by the international community.”

Venezuelan President Nicolas Maduro has been battling lawmakers for control over the nation’s finances since the opposition won control of the National Assembly in December 2015 elections, riding a wave of anger over triple-digitinflation and chronic shortages of basic staples. Investors are left trying to gauge the likelihood that the country will continue servicing its debt amid a dollar shortage worsened by the collapse in oil prices.

Lawmaker Angel Alvarado, a member of the National Assembly’s Finance Committee, said the letter has gone to banks including Citigroup Inc., Goldman Sachs Group Inc. and Bank of America Corp.

Data Forthcoming Releases

 

 

 

 

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

Actual

 

 

6:30pm

USD

Crude Oil Inventories

-1.0M

-2.2M

 

 

 

 

 

 

 

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-19th-april-2017

×

Quick Search

Advanced Search