OTC Trading Range For | All Times Are | As Per Dubai | Date | 17/05/2017 | |
16/05/2017 |
| Gold | Silver | Platinum | Palladium |
Open At 02.00 |
| $1,230.82 | $16.63 | $929.20 | $797.91 |
High Bid |
| $1,239.19 | $16.88 | $942.08 | $809.78 |
Low Offer |
| $1,230.41 | $16.62 | $928.75 | $787.85 |
Close At 01.00 |
| $1,237.24 | $16.86 | $941.36 | $796.47 |
Previous Close |
| $1,230.82 | $16.63 | $929.40 | $796.77 |
Daily Change USD | $6.42 | $0.22 | $11.96 | ($0.30) | |
Daily Change % |
| 0.52% | 1.32% | 1.27% | -0.04% |
London Fixings | AM | $1,234.05 | ** | $926.00 | $808.00 |
| PM | $1,234.20 | $16.72 | $937.00 | $818.00 |
COMEX Trading Volume | 197356 | 70532 | 12618 | 8433 | |
Active Month Settlement | $1,236.40 | $16.75 | $937.00 | $792.00 | |
Previous Session |
| $1,230.00 | $16.60 | $928.70 | $797.00 |
Daily Change |
| $6.40 | $0.14 | $8.30 | ($5.00) |
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 |
| 10.195 | 10.890 | 12.15 | 13.632 |
Silver ATM Vols |
| 17.81 | 19.162 | 20.835 | 22.415 |
Platinum ATM Vols | 16.850 | 16.647 | 16.850 | 16.900 | |
Palladium ATM Vols | 25.150 | 25.000 | 25.050 | 25.100 |
Market Daily & Weekly
Market Snap Shot | 16/05/2017 | 1 Day% | 1 Week % | ||
XAU |
| $1,237.24 | 0.52 | 1.29 | |
XAG |
| $16.86 |
| 1.32 | 3.94 |
XPT |
| $941.36 | 1.27 | 3.79 | |
XPD |
| $796.47 | -0.04 | -0.25 | |
Euro |
| 1.1083 |
| 0.97 | 1.89 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Yen Climb to Weigh on Japan Stocks, Gold Gains
U.S. dollar remains weak, trading at early-November low.
Gold is up for a fifth day; S&P 500 remains close to record.
The dollar held losses as investors assessed the political risk engulfing President DonaldTrump’s administration. That looks set to weigh on shares in Tokyo, with the outlook for exporters being curbed by a stronger yen.
Equity-index futures in Japan pointed lower, with contracts on benchmark gauges in Australia and Hong Kong showing small gains. The greenback held onto losses triggered by a report the U.S. president shared terrorism intelligence with Russian officials, an action he has since defended. The euro traded at the strongest level since November.
Weaker-than-anticipated U.S. housing starts added to concerns that growth in the world’s largest economy is fragile, while data from China earlier this week showed a slowdown in industrial production. Actions by Trump’s administration are adding to doubtsabout its ability to boost infrastructure spending and cut taxes.
Japanese machine orders and industrial production data is due Wednesday.
OPEC’s internal Economic Commission Board meets in Vienna on Wednesday to discuss the market in preparation for the group’s formal meeting on May 25. The U.S. Energy Information Administration is projected to report that crude stockpiles declined by 2.67 million barrels in the week ended May 12, according to a Bloomberg survey of analysts.
Singapore exports and Malaysia CPI for April are due on Wednesday, and the Australian jobs report comes a day later.
Wednesday’s U.K. labor report may reveal pay rose 2.1 percent, down from 2.2 percent.
The euro traded at $1.1083, the strongest level since Nov. 9, after climbing 1 percent.
Data Forthcoming Releases
Time | Country | Today's Events | Forecast | Previous | Actual |
12:30pm | GBP | Average Earnings Index 3m/y | 2.4% | 2.3% |
|
1:00pm | EUR | Final CPI y/y | 1.9% | 1.9% |
|
4:30pm | CAD | Manufacturing Sales m/m | 1.1% | -0.2% |
|
6:30pm | USD | Crude Oil Inventories | -2.5M | -5.2M |
|
Courtesy:http://kalotipm.com.sg/kaloti-market-report-17th-may-2017
Copper Scrap View All | |
Alternator | 0.31 (0) |
#1 Copper Bare Bright | 3.85 (0.05) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0.01) |
6061 Extrusions | 0.64 (0.01) |
Steel Scrap View All | |
#1 Bundle | 435.00 (0) |
#1 Busheling | 455.00 (0) |
Electronics Scrap View All |