Kaloti Precious Metals-Morning Market Report-Wednesday, February 15, 2017-Shanghai Metals Market

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Kaloti Precious Metals-Morning Market Report-Wednesday, February 15, 2017

Industry News 01:43:10PM Feb 15, 2017 Source:scrapmonster

By 

ScrapMonster Author

Gold Extends Slump as Fed Rate Concerns Outweigh Haven Demand

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

15/02/2017

 

14/02/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,225.26

 

$17.82

 

$998.55

 

$776.03

 

High Bid

 

$1,234.60

 

$18.08

 

$1,009.01

 

$784.90

 

Low Offer

 

$1,222.10

 

$17.75

 

$996.10

 

$774.06

 

Close At 02.00

 

$1,228.13

 

$17.95

 

$1,001.75

 

$781.50

 

Previous Close

 

$1,225.26

 

$17.82

 

$998.50

 

$775.85

 

Daily Change USD

$2.87

 

$0.13

 

$3.25

 

$5.65

 

Daily Change %

 

0.23%

 

0.72%

 

0.32%

 

0.72%

 

London Fixings

AM

$1,229.65

 

**

 

 

$1,000.00

 

$778.00

 

 

PM

$1,230.75

 

$17.91

 

$1,004.00

 

$782.00

 

COMEX Trading Volume

225219

 

77056

 

11692

 

3648

 

Active Month Settlement

$1,225.40

 

$17.88

 

$1,002.20

 

$780.90

 

Previous Session

 

$1,225.80

 

$17.82

 

$1,000.30

 

$774.95

 

Daily Change

 

($0.40)

 

$0.06

 

$1.90

 

$5.95

 

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

 

0.77

 

1.039

 

1.33794

 

1.71039

 

Gold ATM Vols

 

12.467

 

14.323

 

15.182

 

16.285

 

Silver ATM Vols

 

20.6

 

22.96

 

25.2

 

25.71

 

Platinum ATM Vols

19.050

 

18.950

 

18.650

 

18.450

 

Palladium ATM Vols

28.500

 

27.500

 

26.700

 

26.250

 

 

Market Daily & Weekly

Market Snap Shot

 

14/02/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,228.13

 

0.23

 

-0.47

 

XAG

 

 

$17.95

 

 

0.72

 

1.39

 

XPT

 

 

$1,001.75

 

0.32

 

-0.36

 

XPD

 

 

$781.50

 

 

0.72

 

2.27

 

Euro

 

 

1.0578

 

 

-0.19

 

-0.99

 

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

Fundamentals and News

Gold Extends Slump as Fed Rate Concerns Outweigh Haven Demand

Gold futures fell for a fourth session, extending the longest slide in more than two weeks, after Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the U.S. economy stays on course.

Waiting too long to tighten monetary policy could mean central bankers would have to eventually raise rates rapidly, posing a risk to financial markets and the economy, Yellen told the Senate Banking Committee in prepared remarks Tuesday. While she gave no indication on the timing of the next rate hike, investors see a 34 percent chance of such a move next month, up from about 30 percent before she spoke.

Bullion has rallied more than 6 percent this year as concerns that Donald Trump’s policies on trade and immigration could derail U.S. growth boosted speculation that the Fed would be slow to raise borrowing costs. Gold wiped out gains of as much as 0.8 percent Tuesday after Yellen’s testimony.

“Yellen was hawkish, and this has impacted the price of gold,” Naeem Aslam, chief market analyst at Think Markets U.K. Ltd., said in an e-mail. “It is highly likely that the Fed may increase the rate three times this year and March meeting is very much live.”

Gold futures for April delivery settled at $1,225.40 an ounce at 1:38 p.m. on the Comex in New York, down less than 0.1 percent. The four-session decline is the longest since Jan. 27.

Data Forthcoming Releases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

Actual

 

 

1:30pm

GBP

Average Earnings Index 3m/y

2.8%

2.8%

 

 

 

1:30pm

GBP

Claimant Count Chang

1.1K

-10.1K

 

 

 

5:30pm

CAD

Manufacturing Sales m/m

1.4%

1.5%

 

 

 

5:30pm

USD

CPI m/m

0.3%

0.35

 

 

 

5:30pm

USD

Core CPI m/m

0.2%

0.2%

 

 

 

5:30pm

USD

Core Retail Sales m/m

0.4%

0.2%

 

 

 

5:30pm

USD

Retail Sales m/m

0.1%

0.6%

 

 

 

6:15pm

USD

Capacity Utilization Rate

75.6%

75.5%

 

 

 

7:00pm

USD

Fed Chair Yellen Testifies

 

 

 

 

 

7:30pm

USD

Crude Oil Inventories

 

13.8M

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-15th-february-2017

Key Words:  Precious Metals 

Kaloti Precious Metals-Morning Market Report-Wednesday, February 15, 2017

Industry News 01:43:10PM Feb 15, 2017 Source:scrapmonster

By 

ScrapMonster Author

Gold Extends Slump as Fed Rate Concerns Outweigh Haven Demand

 

 

 

 

 

 

 

 

 

 

 

 

OTC Trading Range For

All Times Are

 

As Per Dubai

 

Date

15/02/2017

 

14/02/2017

 

 

Gold

 

Silver

 

Platinum

Palladium

 

Open At 03.00

 

$1,225.26

 

$17.82

 

$998.55

 

$776.03

 

High Bid

 

$1,234.60

 

$18.08

 

$1,009.01

 

$784.90

 

Low Offer

 

$1,222.10

 

$17.75

 

$996.10

 

$774.06

 

Close At 02.00

 

$1,228.13

 

$17.95

 

$1,001.75

 

$781.50

 

Previous Close

 

$1,225.26

 

$17.82

 

$998.50

 

$775.85

 

Daily Change USD

$2.87

 

$0.13

 

$3.25

 

$5.65

 

Daily Change %

 

0.23%

 

0.72%

 

0.32%

 

0.72%

 

London Fixings

AM

$1,229.65

 

**

 

 

$1,000.00

 

$778.00

 

 

PM

$1,230.75

 

$17.91

 

$1,004.00

 

$782.00

 

COMEX Trading Volume

225219

 

77056

 

11692

 

3648

 

Active Month Settlement

$1,225.40

 

$17.88

 

$1,002.20

 

$780.90

 

Previous Session

 

$1,225.80

 

$17.82

 

$1,000.30

 

$774.95

 

Daily Change

 

($0.40)

 

$0.06

 

$1.90

 

$5.95

 

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

 

0.77

 

1.039

 

1.33794

 

1.71039

 

Gold ATM Vols

 

12.467

 

14.323

 

15.182

 

16.285

 

Silver ATM Vols

 

20.6

 

22.96

 

25.2

 

25.71

 

Platinum ATM Vols

19.050

 

18.950

 

18.650

 

18.450

 

Palladium ATM Vols

28.500

 

27.500

 

26.700

 

26.250

 

 

Market Daily & Weekly

Market Snap Shot

 

14/02/2017

 

1 Day%

 

1 Week %

 

XAU

 

 

$1,228.13

 

0.23

 

-0.47

 

XAG

 

 

$17.95

 

 

0.72

 

1.39

 

XPT

 

 

$1,001.75

 

0.32

 

-0.36

 

XPD

 

 

$781.50

 

 

0.72

 

2.27

 

Euro

 

 

1.0578

 

 

-0.19

 

-0.99

 

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

Fundamentals and News

Gold Extends Slump as Fed Rate Concerns Outweigh Haven Demand

Gold futures fell for a fourth session, extending the longest slide in more than two weeks, after Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the U.S. economy stays on course.

Waiting too long to tighten monetary policy could mean central bankers would have to eventually raise rates rapidly, posing a risk to financial markets and the economy, Yellen told the Senate Banking Committee in prepared remarks Tuesday. While she gave no indication on the timing of the next rate hike, investors see a 34 percent chance of such a move next month, up from about 30 percent before she spoke.

Bullion has rallied more than 6 percent this year as concerns that Donald Trump’s policies on trade and immigration could derail U.S. growth boosted speculation that the Fed would be slow to raise borrowing costs. Gold wiped out gains of as much as 0.8 percent Tuesday after Yellen’s testimony.

“Yellen was hawkish, and this has impacted the price of gold,” Naeem Aslam, chief market analyst at Think Markets U.K. Ltd., said in an e-mail. “It is highly likely that the Fed may increase the rate three times this year and March meeting is very much live.”

Gold futures for April delivery settled at $1,225.40 an ounce at 1:38 p.m. on the Comex in New York, down less than 0.1 percent. The four-session decline is the longest since Jan. 27.

Data Forthcoming Releases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time

Country

Today's Events

Forecast

Previous

Actual

 

 

1:30pm

GBP

Average Earnings Index 3m/y

2.8%

2.8%

 

 

 

1:30pm

GBP

Claimant Count Chang

1.1K

-10.1K

 

 

 

5:30pm

CAD

Manufacturing Sales m/m

1.4%

1.5%

 

 

 

5:30pm

USD

CPI m/m

0.3%

0.35

 

 

 

5:30pm

USD

Core CPI m/m

0.2%

0.2%

 

 

 

5:30pm

USD

Core Retail Sales m/m

0.4%

0.2%

 

 

 

5:30pm

USD

Retail Sales m/m

0.1%

0.6%

 

 

 

6:15pm

USD

Capacity Utilization Rate

75.6%

75.5%

 

 

 

7:00pm

USD

Fed Chair Yellen Testifies

 

 

 

 

 

7:30pm

USD

Crude Oil Inventories

 

13.8M

 

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-15th-february-2017

Key Words:  Precious Metals