OTC Trading Range For | All Times Are | As Per Dubai | Date | 08/11/2016 | |
07/11/2016 |
| Gold | Silver | Platinum | Palladium |
Open At 02.00 |
| $1,290.06 | $18.14 | $998.56 | $627.92 |
High Bid |
| $1,295.90 | $18.29 | $1,003.05 | $657.53 |
Low Offer |
| $1,278.83 | $18.01 | $988.70 | $621.22 |
Close At 01.15 |
| $1,281.64 | $18.18 | $999.90 | $652.55 |
Previous Close |
| $1,305.06 | $18.42 | $998.56 | $627.46 |
Daily Change USD | ($23.42) | ($0.24) | $1.34 | $25.09 | |
Daily Change % |
| -1.83% | -1.32% | 0.13% | 3.84% |
London Fixings | AM | $1,286.80 | ** | $989.00 | $625.00 |
| PM | $1,283.05 | $18.01 | $995.00 | $632.00 |
COMEX Trading Volume | $211,021.00 | $57,894.00 | $15,372.00 | $8,132.00 | |
Active Month Settlement | $1,279.40 | $18.15 | $1,001.40 | $656.40 | |
Previous Session |
| $1,304.50 | $18.37 | $1,004.50 | $624.80 |
Daily Change |
| ($25.10) | ($0.22) | ($3.10) | $31.60 |
EFP's |
| 0.8/1.1 | 0/3 | 0/2 | 0/1 |
Forwards & Options | 1 Month | 3 months | 6 months | 12 months | |
GOFO |
| - | - | - | - |
USD LIBOR |
| 0.53533 | 88261 | 1.24544 | 1.55900 |
Gold ATM Vols |
| 16.025 | 15.038 | 15.785 | 16.438 |
Silver ATM Vols |
| 25.032 | 25 | 25.847 | 26.57 |
Platinum ATM Vols | 19.500 | 18.000 | 17.900 | 17.700 | |
Palladium ATM Vols | 24.500 | 24.650 | 24.802 | 25.350 |
Market Daily & Weekly
Market Snap Shot | 07/11/2016 | 1 Day% | 1 Week % |
XAU | $1,281.64 | -1.83 | 0.35 |
XAG | $18.18 | -1.32 | 1.49 |
XPT | $999.90 | 0.13 | 1.80 |
XPD | $652.55 | 3.84 | 4.76 |
Euro | 1.1041 | -0.91 | 0.54 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Falls Most in a Month as FBI’s Late Twist Favors Clinton
Gold fell and industrial metals rallied as investors shifted out of havens and into more bullish bets amid speculation that Hillary Clinton is closer to winning the U.S. election.
Gold slid following four straight weeks of gains after the Federal Bureau of Investigation said it will stick to its previous view that Clinton’s handling of her e-mails wasn’t a crime. TheBloomberg Dollar Spot Index rose for the first time in seven sessions. Copper climbed to a seven-month high, and steel in China touched a two-year high.
To understand how fearful investors are of all the wild cards in Tuesday’s U.S. presidential election, just take a look at the gold market.
Hedge funds are piling into the perceived safety of bullion, increasing their wagers that the metal will rally for a second straight week, U.S. governmentdata showed Friday. That marked the first consecutive gain since July as money managers pushed their holdings to a one-month high.
Anxiety has gripped the financial markets with opinion polls signaling a tightening race between Democrat Hillary Clinton and Republican Donald Trump, who showed signs of strength with early votes cast in Iowa and Ohio. Last week, wary investors pushed the S&P 500 Index of equities to its longest slump since 1980, fleeing to assets such as gold that are deemed less risky. Bullion futures in New York have risen for four straight weeks.
Global stocks rallied with commodities and Mexico’s peso on speculation Hillary Clinton’s chances of a U.S. election victory increased after the FBI said her handling of e-mails wasn’t a crime. Demand for haven assets waned, with high-quality government bonds, the yen and gold retreating.
The MSCI All Country World Index was set for its biggest gain since June, the Dow Jones Industrial Average climbed more than 300 points and emerging-market shares surged as Clinton is seen by investors as the more predictable candidate. The peso jumped the most in a month, and a rally in the dollar versus the yen showed prices close to fully reflecting a Democrat win. Oil and metals paced gains in materials, while gold sank with Treasuries.
Data Forthcoming Releases
Time | Country | Today's Events | Forecast | Previous | Actual |
7:00pm | usd | JOLTS Job Openings | 5.67M | 5.44M | 0 |
all day | usd | Presidential Election | 0.0% | 0.0% | 0 |
Courtesy: http://kalotipm.com.sg/kaloti-market-report-8th-november-2016
Copper Scrap View All | |
Alternator | 0.31 (0) |
#1 Copper Bare Bright | 3.81 (-0.04) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0) |
6061 Extrusions | 0.64 (0) |
Steel Scrap View All | |
#1 Bundle | 435.00 (0) |
#1 Busheling | 455.00 (0) |
Electronics Scrap View All |