By Carolina Curiel
ScrapMonster Author
Gold Rallies as Trump's `Toughest Time' in Office Batters Dollar
|
OTC Trading Range For |
All Times Are |
As Per Dubai |
Date |
18/05/2017 |
|
|
17/05/2017 |
|
Gold |
Silver |
Platinum |
Palladium |
|
Open At 02.00 |
|
$1,237.48 |
$16.86 |
$946.40 |
$796.48 |
|
High Bid |
|
$1,261.48 |
$17.04 |
$948.91 |
$800.45 |
|
Low Offer |
|
$1,236.55 |
$16.77 |
$939.00 |
$778.50 |
|
Close At 01.00 |
|
$1,261.36 |
$16.91 |
$946.40 |
$784.63 |
|
Previous Close |
|
$1,237.24 |
$16.86 |
$941.36 |
$796.47 |
|
Daily Change USD |
$24.12 |
$0.05 |
$5.04 |
($11.84) |
|
|
Daily Change % |
|
1.91% |
0.29% |
0.53% |
-1.51% |
|
London Fixings |
AM |
$1,244.60 |
** |
$939.00 |
$788.00 |
|
|
PM |
$1,257.40 |
$16.90 |
$944.00 |
$781.00 |
|
COMEX Trading Volume |
367710 |
119472 |
15276 |
8523 |
|
|
Active Month Settlement |
$1,258.70 |
$16.91 |
$946.10 |
$777.00 |
|
|
Previous Session |
|
$1,236.40 |
$16.75 |
$937.00 |
$792.00 |
|
Daily Change |
|
$22.30 |
$0.16 |
$9.10 |
($15.00) |
|
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 |
|
0.98333 |
1.14983 |
1.42628 |
1.80261 |
|
Gold ATM Vols |
|
10.615 |
11.590 |
12.785 |
14.195 |
|
Silver ATM Vols |
|
17.757 |
18.93 |
20.638 |
22.425 |
|
Platinum ATM Vols |
16.350 |
16.750 |
16.750 |
16.950 |
|
|
Palladium ATM Vols |
24.250 |
24.700 |
25.000 |
25.150 |
|
Market Daily & Weekly
|
Market Snap Shot |
17/05/2017 |
1 Day% |
1 Week % |
||
|
XAU |
|
$1,261.36 |
1.91 |
3.35 |
|
|
XAG |
|
$16.91 |
|
0.29 |
4.18 |
|
XPT |
|
$946.40 |
0.53 |
3.71 |
|
|
XPD |
|
$784.63 |
-1.51 |
-1.67 |
|
|
Euro |
|
1.1159 |
|
0.68 |
-67.40 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
Gold Rallies as Trump's `Toughest Time' in Office Batters Dollar
Bullion’s gains are largely due to weaker dollar, OCBC says
Gold rises amid suggestion Trump may have obstructed justice
Gold’s getting a boost from the turmoil surrounding Donald Trump’s administration.
The metal climbed for a fifth day, the longest run in a month, on reports that the president asked FBI Director James Comey to drop an investigation into a former National Security Adviser. The dollar has dropped and European stocks fell amid the latest controversy, which prompted references to the 1970s Watergate scandal that helped to sink the then president, Richard Nixon.
Trump “perhaps is facing his toughest time in the office. Investors are questioning whether there is “any possibility of impeachment becoming a reality, because certainly that would hit the confidence massively.”
Bullion for immediate delivery climbed as much as 1.9 percent to a two-week high of $1,260.38 an ounce, and was at $1,259.20 by 1:56 p.m. in New York, according to Bloomberg generic pricing. That takes this year’s gain to about 8.7 percent.
In New York, gold futures for June delivery had a sixth straight gain on the Comex, the longest rally since August.
Gold has risen after Trump’s firing of the FBI director a week ago and following reports that Trump shared intelligence with RussiaSilver for immediate delivery headed for a sixth straight gain, the longest run since March
Silver for immediate delivery headed for a sixth straight gain, the longest run since March. Spot palladium fell for a third day. Spot platinum rose for a sixth day, the longest stretch since February.
Data Forthcoming Releases
|
Time |
Country |
Today's Events |
Forecast |
Previous |
Actual |
|
5:30am |
AUD |
Employment Change |
4.5K |
60.9K |
|
|
12:30pm |
GBP |
Retail Sales m/m |
1.2% |
-1.8% |
|
|
4:30pm |
USD |
Unemployment Claims |
240K |
236K |
|
|
9:00pm |
EUR |
ECB President Draghi Speaks |
|
|
|
Courtesy: http://kalotipm.com.sg/kaloti-market-report-18th-may-2017
