Gold and Silver Market Morning: Sep-6-2016 — Gold and silver rising through $1,330!

Jon Gold, Market Commentary, Precious Metals, Silver

Gold Today -New York was closed on Monday but closed at $1,325.60 on Friday after Thursday’s close at $1,313.30. London opened at $1,330.
– The $: was almost unchanged at $1.1167 down from $1.1165 yesterday.
– The dollar index was slightly weaker at 95.59 from 95.65 yesterday.
– The Yen was almost unchanged at 103.26 from yesterday’s 103.28 against the dollar.
– The Yuan was slightly stronger at 6.6800 from 6.6770 yesterday.
– The Pound Sterling was stronger at $1.3338 from yesterday’s $1.3328.
Yuan Gold Fix
After a lackluster day in London, when the gold price sat around $1,326 all day, Shanghai took the gold price higher to $1,330 and London held it there at the open.
The Yuan was slightly weaker against the dollar once more. The pound continued to strengthen as you can see.
LBMA price setting: The LBMA gold price setting on Monday was at$1,330.05. Yesterday it was at set at $1,328.30.
The gold price in the euro was set on Tuesday at 1,191.05 up strongly onyesterday’s 1,189.91.

This post was published at GoldSeek on 6 September 2016.