Kaloti Precious Metals-Morning Market Report-Wednesday, January 18, 2017-Shanghai Metals Market

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Kaloti Precious Metals-Morning Market Report-Wednesday, January 18, 2017

Industry News 04:57:46PM Jan 18, 2017 Source:scrapmonster

By 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

18/01/2017

 

17/01/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,202.75

 

$16.80

 

$982.75

 

$744.90

 

High Bid

 

$1,218.92

 

$17.22

 

$993.95

 

$760.02

 

Low Offer

 

$1,202.53

 

$16.78

 

$973.35

 

$741.66

 

Close At 02.00

 

$1,217.07

 

$17.19

 

$976.00

 

$750.28

 

Previous Close

 

$1,202.73

 

$16.81

 

$982.75

 

$745.57

 

Daily Change USD

$14.34

 

$0.38

 

($6.75)

 

$4.71

 

Daily Change %

 

1.18%

 

2.21%

 

-0.69%

 

0.63%

 

London Fixings

AM

$1,217.50

 

**

 

 

$994.00

 

$751.00

 

 

PM

$1,216.05

 

$17.00

 

$988.00

 

$759.00

 

COMEX Trading Volume

370136

 

88514

 

21345

 

4889

 

Active Month Settlement

$1,212.90

 

$17.14

 

$983.10

 

$753.00

 

Previous Session

 

$1,196.20

 

$16.76

 

$986.40

 

$749.15

 

Daily Change

 

$16.70

 

$0.38

 

($3.30)

 

$3.85

 

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

 

0.76778

 

1.02372

 

1.33294

 

1.70178

 

Gold ATM Vols

 

13.765

 

14.337

 

15.337

 

16.427

 

Silver ATM Vols

 

22.495

 

23.382

 

24.955

 

25.99

 

Platinum ATM Vols

19.500

 

18.950

 

18.900

 

18.850

 

Palladium ATM Vols

30.000

 

27.700

 

26.850

 

26.100

 

 

Market Daily & Weekly

Market Snap Shot

 

17/01/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,217.07

 

1.18

 

2.40

 

XAG

 

 

$17.19

 

 

2.21

 

2.39

 

XPT

 

 

$976.00

 

 

-0.69

 

-0.31

 

XPD

 

 

$750.28

 

 

0.63

 

-2.00

 

Euro

 

 

1.0713

 

 

1.05

 

1.48

 

Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai

Fundamentals and News

Brexit Plus Trump Equals Winning Streak for Gold During January

  

  • Prices are up 6% in 2017, reaching highest since November
  • Start of the year is usually positive for bullion investors

 

  • If you think the new year is a time of optimism and hope for the future, then you haven’t been watching gold.

 

  • Bullion has risen every day except one in 2017, evidence that investors are pricing in a rocky year ahead. U.K. Prime Minister Theresa May confirmed Tuesday that she’ll leave the European Union’s single market while seeking a new arrangement on the customs union. Donald Trump is just three days away from being sworn in as the next U.S. president.

 

  • “As the inauguration of Trump draws close, I think people are realizing that potentially this could be a very stormy presidency and gold may well benefit from that,” said David Govett, an analyst at Marex Spectron Group Ltd. in London. “There is new money at the beginning of each year looking for a home and a lot of this seems to find its way into gold.”

 

  • Gold for immediate delivery rose 0.9 percent to $1,214.09 an ounce at 1:56 p.m. in New York, according to Bloomberg generic pricing. Prices reached the highest since Nov. 22. Gold futures for February delivery added 1.4 percent to settle at $1,212.90.

 

  • Gold has rallied about 6 percent this year, extending an 8.1 percent gain in 2016.

 

  • May gave her most explicit outline of her vision of Britain post-Brexit and how she wants to get there, saying that the U.K. parliament will get a vote on the final deal.

 

  • Bullion’s advance has been buttressed by a retreat in the dollar’s rally, as well as signs of increased demand. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 peers, fell 0.9 percent on Tuesday, and has lost 1.7 percent this year. Holdings in exchange-traded funds backed by gold rose 2.5 metric tons on Friday, the biggest jump since Nov. 9.

 

Data Forthcoming Releases

v Data Forthcoming Releases:

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

 

Actual

 

5:30pm

USD

CPI m/m

0.3%

0.2%

 

 

 

5:30pm

USD

Core CPI m/m

0.25

0.2%

 

 

 

7:00pm

CAD

BOC Monetary Policy Report

 

 

 

 

 

7:00pm

CAD

BOC Rate Statement

 

 

 

 

 

7:00pm

CAD

Overnight Rate

0.50%

0.50%

 

 

 

8:15pm

CAD

BOC Press Conference

 

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-18th-january-2017

Key Words:  Precious Metals 

Kaloti Precious Metals-Morning Market Report-Wednesday, January 18, 2017

Industry News 04:57:46PM Jan 18, 2017 Source:scrapmonster

By 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

18/01/2017

 

17/01/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,202.75

 

$16.80

 

$982.75

 

$744.90

 

High Bid

 

$1,218.92

 

$17.22

 

$993.95

 

$760.02

 

Low Offer

 

$1,202.53

 

$16.78

 

$973.35

 

$741.66

 

Close At 02.00

 

$1,217.07

 

$17.19

 

$976.00

 

$750.28

 

Previous Close

 

$1,202.73

 

$16.81

 

$982.75

 

$745.57

 

Daily Change USD

$14.34

 

$0.38

 

($6.75)

 

$4.71

 

Daily Change %

 

1.18%

 

2.21%

 

-0.69%

 

0.63%

 

London Fixings

AM

$1,217.50

 

**

 

 

$994.00

 

$751.00

 

 

PM

$1,216.05

 

$17.00

 

$988.00

 

$759.00

 

COMEX Trading Volume

370136

 

88514

 

21345

 

4889

 

Active Month Settlement

$1,212.90

 

$17.14

 

$983.10

 

$753.00

 

Previous Session

 

$1,196.20

 

$16.76

 

$986.40

 

$749.15

 

Daily Change

 

$16.70

 

$0.38

 

($3.30)

 

$3.85

 

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

 

0.76778

 

1.02372

 

1.33294

 

1.70178

 

Gold ATM Vols

 

13.765

 

14.337

 

15.337

 

16.427

 

Silver ATM Vols

 

22.495

 

23.382

 

24.955

 

25.99

 

Platinum ATM Vols

19.500

 

18.950

 

18.900

 

18.850

 

Palladium ATM Vols

30.000

 

27.700

 

26.850

 

26.100

 

 

Market Daily & Weekly

Market Snap Shot

 

17/01/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,217.07

 

1.18

 

2.40

 

XAG

 

 

$17.19

 

 

2.21

 

2.39

 

XPT

 

 

$976.00

 

 

-0.69

 

-0.31

 

XPD

 

 

$750.28

 

 

0.63

 

-2.00

 

Euro

 

 

1.0713

 

 

1.05

 

1.48

 

Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai

Fundamentals and News

Brexit Plus Trump Equals Winning Streak for Gold During January

  

  • Prices are up 6% in 2017, reaching highest since November
  • Start of the year is usually positive for bullion investors

 

  • If you think the new year is a time of optimism and hope for the future, then you haven’t been watching gold.

 

  • Bullion has risen every day except one in 2017, evidence that investors are pricing in a rocky year ahead. U.K. Prime Minister Theresa May confirmed Tuesday that she’ll leave the European Union’s single market while seeking a new arrangement on the customs union. Donald Trump is just three days away from being sworn in as the next U.S. president.

 

  • “As the inauguration of Trump draws close, I think people are realizing that potentially this could be a very stormy presidency and gold may well benefit from that,” said David Govett, an analyst at Marex Spectron Group Ltd. in London. “There is new money at the beginning of each year looking for a home and a lot of this seems to find its way into gold.”

 

  • Gold for immediate delivery rose 0.9 percent to $1,214.09 an ounce at 1:56 p.m. in New York, according to Bloomberg generic pricing. Prices reached the highest since Nov. 22. Gold futures for February delivery added 1.4 percent to settle at $1,212.90.

 

  • Gold has rallied about 6 percent this year, extending an 8.1 percent gain in 2016.

 

  • May gave her most explicit outline of her vision of Britain post-Brexit and how she wants to get there, saying that the U.K. parliament will get a vote on the final deal.

 

  • Bullion’s advance has been buttressed by a retreat in the dollar’s rally, as well as signs of increased demand. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 peers, fell 0.9 percent on Tuesday, and has lost 1.7 percent this year. Holdings in exchange-traded funds backed by gold rose 2.5 metric tons on Friday, the biggest jump since Nov. 9.

 

Data Forthcoming Releases

v Data Forthcoming Releases:

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

 

Actual

 

5:30pm

USD

CPI m/m

0.3%

0.2%

 

 

 

5:30pm

USD

Core CPI m/m

0.25

0.2%

 

 

 

7:00pm

CAD

BOC Monetary Policy Report

 

 

 

 

 

7:00pm

CAD

BOC Rate Statement

 

 

 

 

 

7:00pm

CAD

Overnight Rate

0.50%

0.50%

 

 

 

8:15pm

CAD

BOC Press Conference

 

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-18th-january-2017

Key Words:  Precious Metals