Kaloti Precious Metals-Morning Market Report-Tuesday, November 08, 2016-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • MMi Iron Ore Port Index
  • Copper
  • Copper scrap
  • Rare earth
  • Futures movement
  • Production data
  • Aluminum
  • Morning comments
  • Inventory data
  • Evening comments
  • aluminum
  • Weiwang
  • Nickel

Kaloti Precious Metals-Morning Market Report-Tuesday, November 08, 2016

Industry News 07:06:24PM Nov 08, 2016 Source:scrapmonster

By 

ScrapMonster Author

Gold Falls Most in a Month as FBI’s Late Twist Favors Clinton.

 

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

Key Words:  Gold prices 

Kaloti Precious Metals-Morning Market Report-Tuesday, November 08, 2016

Industry News 07:06:24PM Nov 08, 2016 Source:scrapmonster

By 

ScrapMonster Author

Gold Falls Most in a Month as FBI’s Late Twist Favors Clinton.

 

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

Key Words:  Gold prices