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OTC Trading Range For | All Times Are | As Per Dubai | Date | 19/05/2017 | |
18/05/2017 |
| Gold | Silver | Platinum | Palladium |
Open At 02.00 |
| $1,261.36 | $16.91 | $946.42 | $796.48 |
High Bid |
| $1,265.08 | $16.96 | $948.60 | $800.45 |
Low Offer |
| $1,246.09 | $16.45 | $930.08 | $778.50 |
Close At 01.00 |
| $1,247.07 | $16.59 | $932.88 | $784.63 |
Previous Close |
| $1,261.36 | $16.91 | $946.40 | $796.47 |
Daily Change USD | ($14.29) | ($0.32) | ($13.52) | ($11.84) | |
Daily Change % |
| -1.15% | -1.93% | -1.45% | -1.51% |
London Fixings | AM | $1,261.35 | ** | $939.00 | $788.00 |
| PM | $1,255.90 | $16.81 | $944.00 | $781.00 |
COMEX Trading Volume | 362030 | 113774 | 16682 | 8727 | |
Active Month Settlement | $1,252.80 | $16.67 | $936.80 | $765.45 | |
Previous Session |
| $1,258.70 | $16.91 | $946.10 | $777.00 |
Daily Change |
| ($5.90) | ($0.24) | ($9.30) | ($11.55) |
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 |
| 11.400 | 12.163 | 13.255 | 14.475 |
Silver ATM Vols |
| 17.635 | 18.98 | 20.673 | 22.428 |
Platinum ATM Vols | 16.750 | 16.800 | 16.850 | 16.950 | |
Palladium ATM Vols | 23.650 | 24.700 | 25.000 | 25.150 | |
Market Daily & Weekly
Market Snap Shot | 18/05/2017 | 1 Day% | 1 Week % | ||
XAU |
| $1,247.07 | -1.15 | 1.77 | |
XAG |
| $16.59 |
| -1.93 | 1.49 |
XPT |
| $932.88 | -1.45 | 1.55 | |
XPD |
| $784.63 | -1.51 | -2.36 | |
Euro |
| 1.1103 |
| -0.50 | 2.18 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Retreats as U.S. Manufacturing Gauge Climbs, Dollar Rallies
Gold’s Haven Status Refreshed as Trump’s Turmoil Wounds Stocks
Gold +2.1% this week at $1,253.75/oz Price touched $1,265.08/oz on Thursday, highest since May 1
A gauge of dollar +0.4% after six straight losses; U.S. equities advance
U.S. May Philadelphia Fed factory index 38.8 vs 22.0 prior
As of May 17, 2017, the price of gold has risen ~10% YTD (year-to-date). It has been very volatile lately. Gold touched a five-month high of $1,284 per ounce in April following President Trump’s comments on a strong US dollar and his preference for the
Fed keeping interest rates low. It reached $1,220 per ounce on May 9, 2017, as uncertainty in France lessened with its election ending, and then rebounded 3% following media reports of Trump sharing classified information with Russian officials.
Gold needs to clear the $1,270 level before it can go higher to possibly reach $1,300, but for now, prices are a “little overdone” and a small correction is expected, according to Lan. “It all depends on the news flow.
Gold ended a six-day rally that was driven by a flight to quality amid disarray engulfing
Donald Trump’s White House
Silver futures post 1st loss in 7 sessions
Platinum, palladium futures fall on Nymex
Data Forthcoming Releases
Time | Country | Today's Events | Forecast | Previous | Actual |
2:00pm | GBP | CBI Industrial Order Expectations | 4 | 4 |
|
4:30pm | CAD | CPI m/m | 0.5% | 0.2% |
|
4:30pm | CAD | Core Retail Sales m/m | 0.2% | -0.1% |
|
6:00pm | EUR | Consumer Confidence | -3 | -4 |
|
Courtesy:http://kalotipm.com.sg/kaloti-market-report-19th-may-2017
| Copper Scrap View All | |
| Alternator | 0.31 (0) |
| #1 Copper Bare Bright | 3.65 (0.02) |
| Aluminum Scrap View All | |
| 356 Aluminum Wheels (Clean) | 0.71 (-0.01) |
| 6061 Extrusions | 0.62 (-0.01) |
| Steel Scrap View All | |
| #1 Bundle | 475.00 (0) |
| #1 Busheling | 495.00 (0) |
| Electronics Scrap View All | |
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