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Gold May 23, 2017 12:30:17 AM

Kaloti Precious Metals-Morning Market Report- Tuesday, May 23, 2017

Carolina Curiel
ScrapMonster Author
U.S. Stocks Rise as Oil Advances, Dollar Weakens.

Kaloti Precious Metals-Morning Market Report- Tuesday, May 23, 2017

 

 

 

 

 

 

OTC Trading Range For

All Times Are

As Per Dubai

Date

23/05/2017

22/05/2017

 

Gold

Silver

Platinum

Palladium

Open At 02.00

 

$1,257.30

$16.82

$942.00

$761.26

High Bid

 

$1,262.68

$17.21

$950.59

$774.56

Low Offer

 

$1,251.85

$16.81

$936.13

$751.93

Close At 01.00

 

$1,260.63

$17.16

$949.19

$771.02

Previous Close

 

$1,255.93

$16.87

$939.75

$761.03

Daily Change USD

$4.70

$0.29

$9.44

$9.99

Daily Change %

 

0.37%

1.69%

0.99%

1.30%

London Fixings

AM

$1,255.25

**

$933.00

$768.00

 

PM

$1,258.85

$16.95

$943.00

$770.00

COMEX Trading Volume

201866

76148

12921

6601

Active Month Settlement

$1,261.40

$17.19

$950.30

$759.10

Previous Session

 

$1,253.60

$16.79

$940.20

$760.70

Daily Change

 

$7.80

$0.40

$10.10

($1.60)

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

 

10.780

11.570

13.01

14.39

Silver ATM Vols

 

18.14

19.08

20.89

22.45

Platinum ATM Vols

17.400

17.100

17.000

16.850

Palladium ATM Vols

23.750

24.000

24.650

25.050

Market Daily & Weekly

Market Snap Shot

22/05/2017

1 Day%

1 Week %

XAU

$1,260.63

0.37

2.36

XAG

$17.16

1.69

3.09

XPT

$949.19

0.99

2.08

XPD

$771.02

1.30

-3.34

Euro

1.1237

0.28

2.33

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

Fundamentals and News

U.S. Stocks Rise as Oil Advances, Dollar Weakens

U.S. stocks advanced for a third day as President Donald Trump’s trip to Saudi Arabia netted deals that lifted industrial shares and crude pushed to a one-month high before OPEC meets this week. The dollar slipped.

The S&P 500 Index’s three-day climb topped 1.5 percent as Boeing Co. jumped after

Trump’s foreign trip overshadowed a week of tumult in Washington. The euro advanced after Chancellor Angela Merkel said the “too weak” currency shared the blame for Germany’s trade surplus. The 10-year Treasury yield edged toward 2.25%. Brazilian assets resumed a selloff Monday as investors fled what had been one of the most popular trades in emerging markets.

A risk-on tone returned to financial markets a week after near daily political tumult in Washington and Brazil rattled investors. The focus reverted back to speculation that global growth can weather the turmoil, even as the world’s largest economy edges closer to another increase in borrowing costs. Money managers will be scrutinizing minutes released this week from the Federal Reserve’s latest meeting.

Trump has so far managed to divert attention from the domestic crisis surrounding former FBI Director James Comey as he travels in the Middle East, where U.S. companies have signed multi-billion dollar deals in the defense, energy and infrastructure industries, before continuing on to Europe.

“With Trump on a tour, the hope is we see less news over the next couple of days -- a chance for the waters to settle,” said Andrew Sullivan, a managing director for sales trading at Haitong International Securities Group Ltd. in Hong Kong. “It’s another overhang on the market. We’ve got all these markets trading at highs and people don’t want to miss out, but they don’t want to be caught out.”

Data Forthcoming Releases

Time

Country

Today's Events

Forecast

Previous

Actual

5:00pm

USD

FOMC Member Kashkari Speaks

 

 

 

6:00pm

USD

New Home Sales

611K

621K

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-23rd-may-2017

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