Home / Metal News / Precious Metals / Kaloti Precious Metals-Morning Market Report-Tuesday, February 14, 2017
Kaloti Precious Metals-Morning Market Report-Tuesday, February 14, 2017
Feb 15,2017 10:19CST
Gold Retreats as Rising Equities Put Dampener on Haven Demand

By 

ScrapMonster Author

Gold Retreats as Rising Equities Put Dampener on Haven Demand

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

14/02/2017

 

13/02/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,232.90

 

$17.95

 

$1,009.71

 

$783.97

 

High Bid

 

$1,233.17

 

$18.00

 

$1,011.38

 

$787.79

 

Low Offer

 

$1,219.42

 

$17.75

 

$993.33

 

$772.83

 

Close At 02.00

 

$1,225.26

 

$17.82

 

$998.50

 

$775.85

 

Previous Close

 

$1,233.62

 

$17.94

 

$1,011.50

 

$784.18

 

Daily Change USD

($8.36)

 

($0.12)

 

($13.00)

 

($8.33)

 

Daily Change %

 

-0.68%

 

-0.67%

 

-1.30%

 

-1.07%

 

London Fixings

AM

$1,229.40

 

**

 

 

$1,007.00

 

$776.00

 

 

PM

$1,222.25

 

$17.97

 

$999.00

 

$778.00

 

COMEX Trading Volume

170671

 

58170

 

10653

 

5078

 

Active Month Settlement

$1,225.80

 

$17.82

 

$1,000.30

 

$774.95

 

Previous Session

 

$1,235.90

 

$17.93

 

$1,011.70

 

$783.10

 

Daily Change

 

($10.10)

 

($0.11)

 

($11.40)

 

($8.15)

 

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

 

0.77111

 

1.03622

 

1.33822

 

1.70261

 

Gold ATM Vols

 

12.533

 

14.320

 

15.087

 

16.215

 

Silver ATM Vols

 

20.62

 

22.96

 

24.35

 

25.69

 

Platinum ATM Vols

16.650

 

18.800

 

18.650

 

18.450

 

Palladium ATM Vols

28.400

 

27.450

 

26.700

 

26.250

 

Market Daily & Weekly

Market Snap Shot

 

13/02/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,225.26

 

-0.68

 

-0.84

 

XAG

 

 

$17.82

 

 

-0.67

 

0.51

 

XPT

 

 

$998.50

 

 

-1.30

 

-1.64

 

XPD

 

 

$775.85

 

 

-1.07

 

0.45

 

Euro

 

 

1.0598

 

 

-0.42

 

-1.43

 

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

Fundamentals and News

Gold Retreats as Rising Equities Put Dampener on Haven Demand

-Gold slipped as measures of global stocks soared, limiting demand for haven assets.

-Bullion for immediate delivery as much as -0.5% to $1,228.02/oz; trades at $1,230.78 at 11:14am in London: Bloomberg generic pricing

-“U.S. equities continue to ride high in expectation of Trump’s corporate tax reform, and this has weighed on gold,” said Jonathan Butler, a precious metals strategist at Mitsubishi Corp. in London. “Gold is probably going to be on the defensive this week if Yellen’s testimony to U.S. legislators is interpreted as meaning interest rates will rise faster or sooner.”

-Money managers increase bullish gold bets by 3,660 net-long positions to 75,727, weekly CFTC data show; net-long position most bullish in two months

-Gold Price Rise May Hinder Hong Kong Jewelers’ Sales Rebound

-Newcrest First-Half Profit Beats Estimates on Gold Price Rally

-Holdings in SPDR Gold Shares, largest ETF backed by bullion, expand 4.1 metric tons to 836.72 tons as of Friday; highest level since Dec. 16

-Palladium holdings tracked by Bloomberg +0.1%, first increase in dnine sessions according to data compiled by Bloomberg as of Friday

Data Forthcoming Releases

 

Time

Country

Today's Events

Forecast

Previous

Actual

 

 

1:30pm

GBP

CPI y/y

1.9%

1.6%

 

 

 

1:30pm

GBP

PPI Input m/m

1.0%

1.8%

 

 

 

2:00pm

EUR

Flash GDP q/q

0.5%

0.5%

 

 

 

5:30pm

USD

PPI m/m

0.3%

0.3%

 

 

 

5:30pm

USD

Core PPI m/m

0.2%

0.2%

 

 

 

7:00pm

USD

Fed Chair Yellen Speaks

 

 

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-14th-february-2017

Gold prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All