Kaloti Precious Metals-Morning Market Report- Thursday, May 25, 2017-Shanghai Metals Market

Hot Keywords

  • Nickel
  • MMi Iron Ore Port Index
  • Zinc
  • Inventory data
  • Futures movement
  • Rare earths
  • Lithium battery
  • ஷாங்காய் துத்தநாகம்
  • Xiexin new energy
  • Operating rates
  • Copper concentrate TC
  • Copper
  • Aluminium
  • Smog alert
  • Customs data

Kaloti Precious Metals-Morning Market Report- Thursday, May 25, 2017

Industry News 01:17:37PM May 25, 2017 Source:scrapmonster

By 

ScrapMonster Author

Spot Gold Rises to Session High After Fed Meeting Minutes.

 

 

 

 

 

 

OTC Trading Range For

All Times Are

As Per Dubai

Date

25/05/2017

24/05/2017

 

Gold

Silver

Platinum

Palladium

Open At 02.00

 

$1,251.22

$17.06

$946.28

$775.34

High Bid

 

$1,258.90

$17.23

$950.42

$776.25

Low Offer

 

$1,248.05

$16.90

$939.78

$759.33

Close At 01.00

 

$1,258.73

$17.23

$949.87

$767.36

Previous Close

 

$1,251.22

$17.06

$946.35

$776.20

Daily Change USD

$7.51

$0.17

$3.52

($8.84)

Daily Change %

 

0.60%

0.99%

0.37%

-1.15%

London Fixings

AM

$1,251.35

**

$946.00

$771.00

 

PM

$1,252.55

$17.03

$954.00

$776.00

COMEX Trading Volume

240327

80304

12901

7723

Active Month Settlement

$1,253.10

$17.11

$947.30

$761.65

Previous Session

 

$1,255.50

$17.13

$949.40

$772.35

Daily Change

 

($2.40)

($0.02)

($2.10)

($10.70)

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

 

9.900

11.150

12.64

14.13

Silver ATM Vols

 

18.15

19.5

21.08

22.54

Platinum ATM Vols

16.500

16.600

16.850

16.950

Palladium ATM Vols

23.500

23.800

24.550

25.050

Market Daily & Weekly

Market Snap Shot

24/05/2017

1 Day%

1 Week %

XAU

$1,258.73

0.60

-0.21

XAG

$17.23

0.99

1.92

XPT

$949.87

0.37

0.37

XPD

$767.36

-1.15

-2.25

Euro

1.1219

0.32

0.53

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

Fundamentals and News

Spot Gold Rises to Session High After Fed Meeting Minutes

Spot gold extended gains after minutes of the Federal Reserve’s last meeting showed that while officials expect further interest-rate increases soon, they said “it would be prudent” to wait for evidence that a recent slowdown in economic activity had been transitory.

“Most participants judged that if economic information came in about in line with their expectations it would soon be appropriate for the committee to take another step in removing some policy accommodation,” according to minutesfrom the Federal Open Market Committee’s May 2-3 gathering released Wednesday in Washington.

Political turmoil in the U.S. has weighed on the dollar and boosted demand for gold as a haven. The metal has also benefited from speculation that recent signs of uneven economic expansion may slow the Fed’s hand in tightening monetary policy. Growth slowed in the first quarter to an annualized pace of 0.7 percent, even as unemployment continued to decline.

Gold for immediate delivery rose 0.3 percent to $1,255.20 an ounce at 2:13 p.m. in New York, after touching $1,258.40.

One of the most popular exchange-traded funds in commodities is causing a big headache for some investors.

The index tracked by the VanEck Vectors Junior Gold Miners ETF is set to re-balance in less than a month, after the fund grew so fast it reached the kind of stakes in mining companies usually associated with big institutional or activist investors. That’s fueled bets the passive fund would curb some holdings and add mid-sized companies, spurring a sell-off in shares of small producers including Alamos Gold Inc.

“It’s had a very big ripple effect on stock valuations,” said John Ciampaglia, head of ETFs at Sprott Asset Management in Toronto, which oversees a competing fund, referring to the re-balancing of the index and the ETF’s portfolio. “Whether you’re an active fund manager or an individual investor, or an individual gold company, everyone is watching this thing very closely because some of these stocks have been taken down.”

Data Forthcoming Releases

     Time

Country

Today's Events

Forecast

Previous

Actual

4:30pm

USD

Unemployment Claims

238K

232K

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-25th-may-2017

Key Words:  Precious Metals 

Kaloti Precious Metals-Morning Market Report- Thursday, May 25, 2017

Industry News 01:17:37PM May 25, 2017 Source:scrapmonster

By 

ScrapMonster Author

Spot Gold Rises to Session High After Fed Meeting Minutes.

 

 

 

 

 

 

OTC Trading Range For

All Times Are

As Per Dubai

Date

25/05/2017

24/05/2017

 

Gold

Silver

Platinum

Palladium

Open At 02.00

 

$1,251.22

$17.06

$946.28

$775.34

High Bid

 

$1,258.90

$17.23

$950.42

$776.25

Low Offer

 

$1,248.05

$16.90

$939.78

$759.33

Close At 01.00

 

$1,258.73

$17.23

$949.87

$767.36

Previous Close

 

$1,251.22

$17.06

$946.35

$776.20

Daily Change USD

$7.51

$0.17

$3.52

($8.84)

Daily Change %

 

0.60%

0.99%

0.37%

-1.15%

London Fixings

AM

$1,251.35

**

$946.00

$771.00

 

PM

$1,252.55

$17.03

$954.00

$776.00

COMEX Trading Volume

240327

80304

12901

7723

Active Month Settlement

$1,253.10

$17.11

$947.30

$761.65

Previous Session

 

$1,255.50

$17.13

$949.40

$772.35

Daily Change

 

($2.40)

($0.02)

($2.10)

($10.70)

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

 

9.900

11.150

12.64

14.13

Silver ATM Vols

 

18.15

19.5

21.08

22.54

Platinum ATM Vols

16.500

16.600

16.850

16.950

Palladium ATM Vols

23.500

23.800

24.550

25.050

Market Daily & Weekly

Market Snap Shot

24/05/2017

1 Day%

1 Week %

XAU

$1,258.73

0.60

-0.21

XAG

$17.23

0.99

1.92

XPT

$949.87

0.37

0.37

XPD

$767.36

-1.15

-2.25

Euro

1.1219

0.32

0.53

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

Fundamentals and News

Spot Gold Rises to Session High After Fed Meeting Minutes

Spot gold extended gains after minutes of the Federal Reserve’s last meeting showed that while officials expect further interest-rate increases soon, they said “it would be prudent” to wait for evidence that a recent slowdown in economic activity had been transitory.

“Most participants judged that if economic information came in about in line with their expectations it would soon be appropriate for the committee to take another step in removing some policy accommodation,” according to minutesfrom the Federal Open Market Committee’s May 2-3 gathering released Wednesday in Washington.

Political turmoil in the U.S. has weighed on the dollar and boosted demand for gold as a haven. The metal has also benefited from speculation that recent signs of uneven economic expansion may slow the Fed’s hand in tightening monetary policy. Growth slowed in the first quarter to an annualized pace of 0.7 percent, even as unemployment continued to decline.

Gold for immediate delivery rose 0.3 percent to $1,255.20 an ounce at 2:13 p.m. in New York, after touching $1,258.40.

One of the most popular exchange-traded funds in commodities is causing a big headache for some investors.

The index tracked by the VanEck Vectors Junior Gold Miners ETF is set to re-balance in less than a month, after the fund grew so fast it reached the kind of stakes in mining companies usually associated with big institutional or activist investors. That’s fueled bets the passive fund would curb some holdings and add mid-sized companies, spurring a sell-off in shares of small producers including Alamos Gold Inc.

“It’s had a very big ripple effect on stock valuations,” said John Ciampaglia, head of ETFs at Sprott Asset Management in Toronto, which oversees a competing fund, referring to the re-balancing of the index and the ETF’s portfolio. “Whether you’re an active fund manager or an individual investor, or an individual gold company, everyone is watching this thing very closely because some of these stocks have been taken down.”

Data Forthcoming Releases

     Time

Country

Today's Events

Forecast

Previous

Actual

4:30pm

USD

Unemployment Claims

238K

232K

 

Courtesy: http://kalotipm.com.sg/kaloti-market-report-25th-may-2017

Key Words:  Precious Metals