Kaloti Precious Metals-Morning Market Report-Friday, January 20, 2017
Gold Sags Most in 5 Weeks as Slew of Good News Backs Yellen View
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OTC Trading Range For | All Times Are |
| As Per Dubai |
| Date | 20/01/2017 |
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19/01/2017 |
|
| Gold |
| Silver |
| Platinum | Palladium |
| ||
Open At 03.00 |
| $1,204.23 |
| $17.05 |
| $963.78 |
| $749.26 |
| ||
High Bid |
| $1,206.65 |
| $17.10 |
| $966.89 |
| $755.21 |
| ||
Low Offer |
| $1,195.95 |
| $16.74 |
| $948.62 |
| $744.39 |
| ||
Close At 02.00 |
| $1,204.85 |
| $17.02 |
| $959.45 |
| $754.13 |
| ||
Previous Close |
| $1,204.30 |
| $17.05 |
| $963.34 |
| $749.19 |
| ||
Daily Change USD | $0.55 |
| ($0.03) |
| ($3.89) |
| $4.94 |
| |||
Daily Change % |
| 0.05% |
| -0.18% |
| -0.41% |
| 0.66% |
| ||
London Fixings | AM | $1,203.35 |
| ** |
|
| $964.00 |
| $749.00 |
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| PM | $1,196.05 |
| $16.95 |
| $956.00 |
| $751.00 |
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COMEX Trading Volume | 242278 |
| 76199 |
| 14544 |
| 3096 |
| |||
Active Month Settlement | $1,201.50 |
| $17.00 |
| $956.40 |
| $751.15 |
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Previous Session |
| $1,212.10 |
| $17.27 |
| $971.90 |
| $751.00 |
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Daily Change |
| ($10.60) |
| ($0.27) |
| ($15.50) |
| $0.15 |
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EFP's |
| 1.4/1.7 |
| 4/7 |
|
| 0/2 |
| 0/1 |
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Forwards & Options | 1 Month |
| 3 months |
| 6 months | 12 months |
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GOFO |
| - |
| - |
|
| - |
| - |
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USD LIBOR |
| 0.77667 |
| 1.03011 |
| 1.33850 |
| 1.71039 |
| ||
Gold ATM Vols |
| 13.345 |
| 14.323 |
| 15.36 |
| 16.425 |
| ||
Silver ATM Vols |
| 21.87 |
| 23.3 |
| 24.78 |
| 25.905 |
| ||
Platinum ATM Vols | 19.250 |
| 19.000 |
| 18.900 |
| 18.850 |
| |||
Palladium ATM Vols | 29.500 |
| 27.800 |
| 26.800 |
| 26.100 |
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Market Daily & Weekly
Market Snap Shot |
| 19/01/2017 |
| 1 Day% |
| 1 Week % |
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XAU |
|
| $1,204.85 |
| 0.05 |
| 0.78 |
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XAG |
|
| $17.02 |
|
| -0.18 |
| 1.41 |
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XPT |
|
| $959.45 |
|
| -0.41 |
| -1.89 |
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XPD |
|
| $754.13 |
|
| 0.66 |
| -0.64 |
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Euro |
|
| 1.0664 |
|
| 0.32 |
| 0.48 |
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Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Sags Most in 5 Weeks as Slew of Good News Backs Yellen View
- Gold posts second straight loss as U.S. economic data bolsters case for Federal Reserve to boost interest rates.
- Applications for U.S. jobless benefits fell near lowest since the 1970s
- U.S. housing starts rose to 1.23 million annualized rate in December, beating economists’ median forecast
- NOTE: Yellen says economy near goals warrants gradual rate hikes
- “The U.S. economic data released today has done a lot of favor to the Fed, which wants to increase the interest rate this year on the back of solid economic growth,” Naeem Aslam, chief market analyst at Think Markets U.K. Ltd., says in e-mail
- Gold futures for Feb. delivery -0.9% to settle at $1,201.50/oz. at 1:45 p.m. on Comex in N.Y., the biggest loss for since Dec. 15
- Bloomberg Dollar Spot Index heads for second straight gain
- “Gold ran into demonstrable headwinds generated by a stronger dollar and higher bond yields, finished off by bearish comments from Fed Chair Janet Yellen,” said James Steel, chief precious metals analyst at HSBC in New York
- Assets +0.3 ton to 1,773.5 tons as of Wed., data compiled by Bloomberg show
- Holdings up for 3 days, longest streak since Nov.
- READ: China Investors See Comfort in Gold ETF Amid Capital Flight
- In other precious metals:
- Silver futures also slipped on the Comex, while platinum declined on the N.Y. Mercantile Exchange and and palladium closed little changed.
Data Forthcoming Releases
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Time | Country | Today's Events | Forecast | Previous | Actual |
1:30pm | GBP | Retail Sales m/m | -0.1% | 0.2% |
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5:30pm | CAD | CPI m/m | 0.0% | -0.4% |
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5:30pm | CAD | Core Retail Sales m/m | 0.1% | 1.4% |
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6:00pm | USD | FOMC Member Harker Speaks |
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Tentativ | USD | President-Elect Trump Speaks |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-20th-january-2017
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.75 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
6061 Extrusions | 0.64 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |