ScrapMonster Author
Gold Retreats as Rising Equities Put Dampener on Haven Demand
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OTC Trading Range For |
All Times Are |
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As Per Dubai |
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Date |
14/02/2017 |
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13/02/2017 |
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Gold |
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Silver |
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Platinum |
Palladium |
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Open At 03.00 |
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$1,232.90 |
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$17.95 |
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$1,009.71 |
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$783.97 |
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High Bid |
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$1,233.17 |
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$18.00 |
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$1,011.38 |
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$787.79 |
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Low Offer |
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$1,219.42 |
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$17.75 |
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$993.33 |
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$772.83 |
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Close At 02.00 |
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$1,225.26 |
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$17.82 |
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$998.50 |
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$775.85 |
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Previous Close |
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$1,233.62 |
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$17.94 |
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$1,011.50 |
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$784.18 |
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Daily Change USD |
($8.36) |
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($0.12) |
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($13.00) |
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($8.33) |
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Daily Change % |
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-0.68% |
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-0.67% |
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-1.30% |
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-1.07% |
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London Fixings |
AM |
$1,229.40 |
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** |
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$1,007.00 |
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$776.00 |
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PM |
$1,222.25 |
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$17.97 |
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$999.00 |
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$778.00 |
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COMEX Trading Volume |
170671 |
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58170 |
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10653 |
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5078 |
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Active Month Settlement |
$1,225.80 |
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$17.82 |
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$1,000.30 |
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$774.95 |
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Previous Session |
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$1,235.90 |
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$17.93 |
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$1,011.70 |
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$783.10 |
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Daily Change |
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($10.10) |
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($0.11) |
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($11.40) |
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($8.15) |
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EFP's |
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1.4/1.7 |
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4/7 |
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0/2 |
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0/1 |
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Forwards & Options |
1 Month |
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3 months |
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6 months |
12 months |
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GOFO |
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- |
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- |
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- |
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- |
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USD LIBOR |
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0.77111 |
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1.03622 |
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1.33822 |
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1.70261 |
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Gold ATM Vols |
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12.533 |
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14.320 |
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15.087 |
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16.215 |
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Silver ATM Vols |
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20.62 |
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22.96 |
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24.35 |
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25.69 |
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Platinum ATM Vols |
16.650 |
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18.800 |
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18.650 |
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18.450 |
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Palladium ATM Vols |
28.400 |
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27.450 |
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26.700 |
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26.250 |
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Market Daily & Weekly
Market Snap Shot |
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13/02/2017 |
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1 Day% |
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1 Week % |
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XAU |
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$1,225.26 |
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-0.68 |
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-0.84 |
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XAG |
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$17.82 |
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-0.67 |
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0.51 |
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XPT |
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$998.50 |
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-1.30 |
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-1.64 |
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XPD |
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$775.85 |
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-1.07 |
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0.45 |
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Euro |
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1.0598 |
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-0.42 |
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-1.43 |
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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
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Time |
Country |
Today's Events |
Forecast |
Previous |
Actual |
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1:30pm |
GBP |
CPI y/y |
1.9% |
1.6% |
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1:30pm |
GBP |
PPI Input m/m |
1.0% |
1.8% |
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2:00pm |
EUR |
Flash GDP q/q |
0.5% |
0.5% |
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5:30pm |
USD |
PPI m/m |
0.3% |
0.3% |
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5:30pm |
USD |
Core PPI m/m |
0.2% |
0.2% |
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7:00pm |
USD |
Fed Chair Yellen Speaks |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-14th-february-2017
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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