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Gold January 11, 2017 12:15:41 AM

Kaloti Precious Metals-Morning Market Report-Wednesday, January 11, 2017

Carolina Curiel
ScrapMonster Author
Commodities Gain as Dollar, U.S. Stocks Fluctuate.
Kaloti Precious Metals-Morning Market Report-Wednesday, January 11, 2017

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

11/01/2017

 

10/01/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,181.10

 

$16.56

 

$977.78

 

$758.14

 

High Bid

 

$1,190.65

 

$16.91

 

$981.56

 

$765.32

 

Low Offer

 

$1,180.29

 

$16.53

 

$967.16

 

$756.10

 

Close At 02.00

 

$1,187.88

 

$16.78

 

$979.05

 

$765.28

 

Previous Close

 

$1,181.10

 

$16.56

 

$977.60

 

$757.63

 

Daily Change USD

$6.78

 

$0.22

 

$1.45

 

$7.65

 

Daily Change %

 

0.57%

 

1.31%

 

0.15%

 

1.00%

 

London Fixings

AM

$1,189.50

 

**

 

 

$971.00

 

$755.00

 

 

PM

$1,183.20

 

$16.67

 

$973.00

 

$759.00

 

COMEX Trading Volume

216871

 

66372

 

14866

 

3233

 

Active Month Settlement

$1,185.50

 

$16.84

 

$982.80

 

$765.25

 

Previous Session

 

$1,184.90

 

$16.68

 

$982.60

 

$757.15

 

Daily Change

 

$0.60

 

$0.16

 

$0.20

 

$8.10

 

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

 

0.76333

 

1.01483

 

1.33156

 

1.70067

 

Gold ATM Vols

 

12.938

 

13.672

 

14.825

 

16.25

 

Silver ATM Vols

 

23.34

 

24.342

 

25.345

 

26.257

 

Platinum ATM Vols

22.000

 

20.000

 

19.200

 

18.800

 

Palladium ATM Vols

30.200

 

28.000

 

26.950

 

26.250

 

v Market Daily & Weekly:

 

 

 

 

 

 

 

 

 

 

Market Snap Shot

 

10/01/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,187.88

 

0.57

 

2.44

 

XAG

 

 

$16.78

 

 

1.31

 

2.92

 

XPT

 

 

$979.05

 

 

0.15

 

4.35

 

XPD

 

 

$765.28

 

 

1.00

 

7.42

 

Euro

 

 

1.0554

 

 

-0.19

 

1.41

 

Market Daily & Weekly

Market Snap Shot

02/01/2017

1 Day%

1 Week %

XAU

$1,147.50

-0.93

1.67

XAG

$15.92

-1.51

1.07

XPT

$903.10

0.34

-0.26

XPD

$680.96

0.92

3.66

Euro

1.0455

-0.59

0.00

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

Fundamentals and News

Commodities Gain as Dollar, U.S. Stocks Fluctuate

  • U.S. stocks fluctuated with the dollar as post-election asset moves stalled a day before Donald Trump is slated to hold a press conference that could elucidate his policy preferences. Commodities advanced amid rising producer prices in China.

 

  • The Dow Jones Industrial Average hovered near 19,900, while the S&P 500 Index traded 0.4 percent below an all-time high. Treasuries edged lower, while the dollar nudged higher as Federal Reserve officials signaled Monday they continue to favor gradual rate hikes as the economy strengthens. Gold climbed to a five-week high, while copper surged with iron ore after China’s producer price index jumped.

 

  • Caution crept into financial markets as the euphoria over Trump’s perceived pro-growth policies faded with Congress holding cabinet confirmation hearings and the president-elect preparing to face the media for the first time since July.

 

  • “Traders are wary ahead of a media briefing,” said Naeem Aslam, chief market analyst in London at Think Markets U.K. Ltd. They “want to play safe and the yellow metal provides them this safety.”

 

  • The S&P 500 fluctuated near 2,270 at 9:31 a.m. in New York, after Friday closing at a record. The Dow climbed last week within 0.37 point of 20,000 before fading.

 

  • The Europe Stoxx 600 Index edged higher, while the FTSE 100 Index headed for an 11th straight gain in its longest rally since 2011. The index has closed at all-time highs for eight straight days; a ninth would be a record.
  • Mining shares on the Stoxx Europe 600 Index gained 2.8 percent to the highest level since Dec. 13.
  • The dollar climbed 0.1 percent against the yen and was almost flat against the euro.

 

  • The pound touched its lowest level since Oct. 25 before rebounding to trade little changed at 1.2166 per dollar.

 

  • West Texas Intermediate crude added 0.3 percent at $52.11 a barrel after sinking 3.8 percent last session as an increase in U.S. drilling offset signs that OPEC members are sticking to planned output cuts.

 

  • Gold futures were little changed near a five-week high at $1,185 an ounce, with demand forecast to rise ahead of Chinese New Year.

 

  • Zinc rose 3.4 percent to a three-week high of $2756.50 a metric ton on signs that demand for the metal used to produce galvanized steel would increase in China.

 

 

Data Forthcoming Releases

Time

Country

Today's Events

Forecast

Previous

Actual

7:30pm

USD

Crude Oil Inventories

0.9M

-7.1M

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-11th-january-2017

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