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Gold May 19, 2017 12:30:41 AM

Kaloti Precious Metals-Morning Market Report- Friday, May 19, 2017

Anil Mathews
ScrapMonster Author
Gold Retreats as U.S. Manufacturing Gauge Climbs, Dollar Rallies.
Kaloti Precious Metals-Morning Market Report- Friday, May 19, 2017

OTC Trading Range For

All Times Are

As Per Dubai

Date

19/05/2017

18/05/2017

 

Gold

Silver

Platinum

Palladium

Open At 02.00

 

$1,261.36

$16.91

$946.42

$796.48

High Bid

 

$1,265.08

$16.96

$948.60

$800.45

Low Offer

 

$1,246.09

$16.45

$930.08

$778.50

Close At 01.00

 

$1,247.07

$16.59

$932.88

$784.63

Previous Close

 

$1,261.36

$16.91

$946.40

$796.47

Daily Change USD

($14.29)

($0.32)

($13.52)

($11.84)

Daily Change %

 

-1.15%

-1.93%

-1.45%

-1.51%

London Fixings

AM

$1,261.35

**

$939.00

$788.00

 

PM

$1,255.90

$16.81

$944.00

$781.00

COMEX Trading Volume

362030

113774

16682

8727

Active Month Settlement

$1,252.80

$16.67

$936.80

$765.45

Previous Session

 

$1,258.70

$16.91

$946.10

$777.00

Daily Change

 

($5.90)

($0.24)

($9.30)

($11.55)

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

 

0.98333

1.14983

1.42628

1.80261

Gold ATM Vols

 

11.400

12.163

13.255

14.475

Silver ATM Vols

 

17.635

18.98

20.673

22.428

Platinum ATM Vols

16.750

16.800

16.850

16.950

Palladium ATM Vols

23.650

24.700

25.000

25.150

Market Daily & Weekly

Market Snap Shot

18/05/2017

1 Day%

1 Week %

XAU

 

$1,247.07

-1.15

1.77

XAG

 

$16.59

 

-1.93

1.49

XPT

 

$932.88

-1.45

1.55

XPD

 

$784.63

-1.51

-2.36

Euro

 

1.1103

 

-0.50

2.18

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

Fundamentals and News

Gold Retreats as U.S. Manufacturing Gauge Climbs, Dollar Rallies

Gold’s Haven Status Refreshed as Trump’s Turmoil Wounds Stocks

Gold +2.1% this week at $1,253.75/oz Price touched $1,265.08/oz on Thursday, highest since May 1

A gauge of dollar +0.4% after six straight losses; U.S. equities advance

U.S. May Philadelphia Fed factory index 38.8 vs 22.0 prior

As of May 17, 2017, the price of gold has risen ~10% YTD (year-to-date). It has been very volatile lately. Gold touched a five-month high of $1,284 per ounce in April following President Trump’s comments on a strong US dollar and his preference for the

Fed keeping interest rates low. It reached $1,220 per ounce on May 9, 2017, as uncertainty in France lessened with its election ending, and then rebounded 3% following media reports of Trump sharing classified information with Russian officials.

Gold needs to clear the $1,270 level before it can go higher to possibly reach $1,300, but for now, prices are a “little overdone” and a small correction is expected, according to Lan. “It all depends on the news flow.

Gold ended a six-day rally that was driven by a flight to quality amid disarray engulfing

Donald Trump’s White House

Silver futures post 1st loss in 7 sessions

Platinum, palladium futures fall on Nymex

Data Forthcoming Releases

Time

Country

Today's Events

Forecast

Previous

Actual

2:00pm

GBP

CBI Industrial Order Expectations

4

4

 

4:30pm

CAD

CPI m/m

0.5%

0.2%

 

4:30pm

CAD

Core Retail Sales m/m

0.2%

-0.1%

 

6:00pm

EUR

Consumer Confidence

-3

-4

 

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

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