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Gold July 17, 2017 05:30:37 AM

Kaloti Precious Metals-Morning Market Report- Friday, July 14, 2017

Carolina Curiel
ScrapMonster Author
Gold Drops as Yellen Says Inflation Risk `Two-Sided'.
Kaloti Precious Metals-Morning Market Report- Friday, July 14, 2017

OTC Trading Range For

All Times Are

As Per Dubai

Date

14/07/2017

13/07/2017

 

Gold

Silver

Platinum

Palladium

Open At 02.00

 

$1,220.51

$15.91

$901.85

$865.00

High Bid

 

$1,224.50

$15.98

$920.67

$874.32

Low Offer

 

$1,216.66

$15.69

$901.69

$854.29

Close At 01.00

 

$1,217.58

$15.70

$916.56

$858.25

Previous Close

 

$1,220.51

$15.91

$901.93

$864.62

Daily Change USD

($2.93)

($0.21)

$14.63

($6.37)

Daily Change %

 

-0.24%

-1.34%

1.60%

-0.74%

London Fixings

AM

$1,221.40

**

$905.00

$853.00

 

PM

$1,218.90

$15.95

$919.00

$866.00

COMEX Trading Volume

220916

75602

15115

3385

Active Month Settlement

$1,217.30

$15.69

$907.10

$854.75

Previous Session

 

$1,219.10

$15.88

$919.00

$861.55

Daily Change

 

($1.80)

($0.19)

($11.90)

($6.80)

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

 

1.22444

1.30389

1.46044

1.74594

Gold ATM Vols

 

9.670

10.940

11.93

13.48

Silver ATM Vols

 

19.77

20.05

20.73

21.92

Platinum ATM Vols

16.600

17.300

17.300

17.350

Palladium ATM Vols

24.910

25.980

26.360

26.850

Market Daily & Weekly

Market Snap Shot

13/07/2017

1 Day%

1 Week %

XAU

$1,217.58

-0.24

-0.63

XAG

$15.70

-1.34

-2.17

XPT

$916.56

1.60

0.68

XPD

$858.25

-0.74

2.63

Euro

1.1398

-0.12

-0.22

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

Fundamentals and News

Gold Drops as Yellen Says Inflation Risk `Two-Sided'

Gold ended lower after Federal Reserve Chair Janet Yellen said it’s “prudent” for the central bank to remain on a gradual path of rate increases as inflation risks are “two-sided.”

“It is premature to conclude the underlying inflation trend is falling well short of 2%,” Yellen says

Thursday in comments to the Senate Banking Committee.

August futures contract -0.1% to settle at $1,217.30/oz at 1:42pm on Comex in NY.

Bloomberg Dollar Spot Index drop for fourth day.

Metals will fluctuate as people “assess” the Fed’s path, Guy Wolf, global head of market analytics at Marex Spectron, says by phone.

Silver futures fall on Comex.

Platinum and palladium drop on Nymex.

“There is, for example, uncertainty about when -- and how much -- inflation will respond to tightening resource utilization,” Fed Chair Janet Yellen says in remarks prepared for delivery to U.S. House Financial Services Committee.

The Fed is “questioning” the path of inflation this year, Phil Streible, a senior market strategist at RJO Futures in Chicago, says in a telephone interview.

Data Forthcoming Releases

 

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

Actual

4:30pm

USD

CPI m/m

0.10%

-0.10%

 

4:30pm

USD

Core CPI m/m

0.20%

0.10%

 

4:30pm

USD

Core Retail Sales m/m

0.20%

-0.30%

 

4:30pm

USD

Retail Sales m/m

0.10%

-0.30%

 

 

 

 

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-14th-july-2017

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