Kaloti Precious Metals-Morning Market Report- Friday, July 14, 2017
Gold Drops as Yellen Says Inflation Risk `Two-Sided'.
OTC Trading Range For | All Times Are | As Per Dubai | Date | 14/07/2017 | |
13/07/2017 |
| Gold | Silver | Platinum | Palladium |
Open At 02.00 |
| $1,220.51 | $15.91 | $901.85 | $865.00 |
High Bid |
| $1,224.50 | $15.98 | $920.67 | $874.32 |
Low Offer |
| $1,216.66 | $15.69 | $901.69 | $854.29 |
Close At 01.00 |
| $1,217.58 | $15.70 | $916.56 | $858.25 |
Previous Close |
| $1,220.51 | $15.91 | $901.93 | $864.62 |
Daily Change USD | ($2.93) | ($0.21) | $14.63 | ($6.37) | |
Daily Change % |
| -0.24% | -1.34% | 1.60% | -0.74% |
London Fixings | AM | $1,221.40 | ** | $905.00 | $853.00 |
| PM | $1,218.90 | $15.95 | $919.00 | $866.00 |
COMEX Trading Volume | 220916 | 75602 | 15115 | 3385 | |
Active Month Settlement | $1,217.30 | $15.69 | $907.10 | $854.75 | |
Previous Session |
| $1,219.10 | $15.88 | $919.00 | $861.55 |
Daily Change |
| ($1.80) | ($0.19) | ($11.90) | ($6.80) |
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 |
| 1.22444 | 1.30389 | 1.46044 | 1.74594 |
Gold ATM Vols |
| 9.670 | 10.940 | 11.93 | 13.48 |
Silver ATM Vols |
| 19.77 | 20.05 | 20.73 | 21.92 |
Platinum ATM Vols | 16.600 | 17.300 | 17.300 | 17.350 | |
Palladium ATM Vols | 24.910 | 25.980 | 26.360 | 26.850 |
Market Daily & Weekly
Market Snap Shot | 13/07/2017 | 1 Day% | 1 Week % |
XAU | $1,217.58 | -0.24 | -0.63 |
XAG | $15.70 | -1.34 | -2.17 |
XPT | $916.56 | 1.60 | 0.68 |
XPD | $858.25 | -0.74 | 2.63 |
Euro | 1.1398 | -0.12 | -0.22 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Drops as Yellen Says Inflation Risk `Two-Sided'
Gold ended lower after Federal Reserve Chair Janet Yellen said it’s “prudent” for the central bank to remain on a gradual path of rate increases as inflation risks are “two-sided.”
“It is premature to conclude the underlying inflation trend is falling well short of 2%,” Yellen says
Thursday in comments to the Senate Banking Committee.
August futures contract -0.1% to settle at $1,217.30/oz at 1:42pm on Comex in NY.
Bloomberg Dollar Spot Index drop for fourth day.
Metals will fluctuate as people “assess” the Fed’s path, Guy Wolf, global head of market analytics at Marex Spectron, says by phone.
Silver futures fall on Comex.
Platinum and palladium drop on Nymex.
“There is, for example, uncertainty about when -- and how much -- inflation will respond to tightening resource utilization,” Fed Chair Janet Yellen says in remarks prepared for delivery to U.S. House Financial Services Committee.
The Fed is “questioning” the path of inflation this year, Phil Streible, a senior market strategist at RJO Futures in Chicago, says in a telephone interview.
Data Forthcoming Releases
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Time | Country | Today's Events | Forecast | Previous | Actual |
4:30pm | USD | CPI m/m | 0.10% | -0.10% |
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4:30pm | USD | Core CPI m/m | 0.20% | 0.10% |
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4:30pm | USD | Core Retail Sales m/m | 0.20% | -0.30% |
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4:30pm | USD | Retail Sales m/m | 0.10% | -0.30% |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-14th-july-2017
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