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OTC Trading Range For | All Times Are | As Per Dubai | Date | 22/05/2017 | |
21/05/2017 |
| Gold | Silver | Platinum | Palladium |
Open At 02.00 |
| $1,246.83 | $16.58 | $932.88 | $763.74 |
High Bid |
| $1,256.53 | $16.88 | $945.50 | $769.26 |
Low Offer |
| $1,246.40 | $16.57 | $929.93 | $758.94 |
Close At 01.00 |
| $1,255.93 | $16.87 | $939.75 | $761.03 |
Previous Close |
| $1,247.07 | $16.58 | $932.88 | $764.79 |
Daily Change USD | $8.86 | $0.29 | $6.87 | ($3.76) | |
Daily Change % |
| 0.71% | 1.72% | 0.73% | -0.49% |
London Fixings | AM | $1,251.85 | ** | $933.00 | $768.00 |
| PM | $1,252.00 | $16.77 | $943.00 | $770.00 |
COMEX Trading Volume | 212923 | 75945 | 11050 | 6484 | |
Active Month Settlement | $1,252.80 | $16.79 | $940.20 | $760.70 | |
Previous Session |
| $1,258.70 | $16.67 | $936.80 | $765.45 |
Daily Change |
| ($5.90) | $0.12 | $3.40 | ($4.75) |
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 |
| 11.030 | 11.920 | 13.25 | 14.4 |
Silver ATM Vols |
| 17.55 | 18.66 | 20.63 | 22.35 |
Platinum ATM Vols | 16.750 | 16.500 | 16.700 | 16.850 | |
Palladium ATM Vols | 24.750 | 24.800 | 25.150 | 25.200 |
Market Daily & Weekly
Market Snap Shot | 21/05/2017 | 1 Day% | 1 Week % |
XAU | $1,255.93 | 0.71 | 2.19 |
XAG | $16.87 | 1.72 | 2.43 |
XPT | $939.75 | 0.73 | 1.97 |
XPD | $761.03 | -0.49 | -6.16 |
Euro | 1.1206 | 0.92 | 2.45 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Wild Commodity Markets Hurt Gold Bears While Crop Bets Pay Off
The turbulence that’s rocked commodity markets caused headaches for gold investors, while funds betting on crops were able to get ahead of price declines.
A measure of historical volatility rebounded for the Bloomberg Commodity Index, which tracks returns for 22 components. Turmoil has reigned across raw materials as Brazil’s latest political crisis sparked steep declines for the real, raising prospects of increased farm exports. At the same time, deepening controversy over U.S. President Donald Trump’s connections with Russia sent investors hunting for haven assets, giving a surprise boost to gold.
Hedge funds were well-positioned for the drop in agriculture, getting more bearish on soybeans and coffee. Still, the money managers miscalculated on gold.
The metal posted its best week in more than a month on Friday as political turmoil in the U.S. and Brazil spurred gyrations in stocks and currencies. Unfortunately for money managers, they lowered their bullion net-long positionby 30 percent, meaning that some of them missed out on the rally. The holdings fell to 69,923 contracts, an eight-week low, the CFTC data show
Data Forthcoming Releases
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| Time | Country | Today's Events | Forecast | Previous | Actual |
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| All day | GBP | Eurogroup Meetings | 0 | 0 |
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| 6:00pm | USD | FOMC Member Harker Speaks | 0.00% | 0.00% |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-22nd-may-2017
Copper Scrap View All | |
Alternator | 0.32 (0.01) |
#1 Copper Bare Bright | 3.77 (0.07) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0.02) |
6061 Extrusions | 0.64 (0.02) |
Steel Scrap View All | |
#1 Bundle | 475.00 (0) |
#1 Busheling | 495.00 (0) |
Electronics Scrap View All |