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Gold May 17, 2017 12:30:58 AM

Kaloti Precious Metals-Morning Market Report- Wednesday, May 17, 2017

Anil Mathews
ScrapMonster Author
Yen Climb to Weigh on Japan Stocks, Gold Gains.

Kaloti Precious Metals-Morning Market Report- Wednesday, May 17, 2017

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

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