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Gold May 22, 2017 12:30:43 AM

Kaloti Precious Metals-Morning Market Report- Monday, May 22, 2017

Anil Mathews
ScrapMonster Author
Wild Commodity Markets Hurt Gold Bears While Crop Bets Pay Off.

Kaloti Precious Metals-Morning Market Report- Monday, May 22, 2017

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

Actual

 

 

All day

GBP

Eurogroup Meetings

0

0

 

 

 

6:00pm

USD

FOMC Member Harker Speaks

0.00%

0.00%

 

 

 

 

 

 

 

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-22nd-may-2017

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