Gold Today – New York closed at $1,173.40 on the 6th January after closing at $1,181.20 on the 5th January. London opened againat $1,178.20 today.
Overall the dollar is stronger against global currencies today. Before London’s opening:
– The $: was stronger at $1.0532 1 from $1.0596: 1 Friday.
– The Dollar index was stronger at 102.36 from 101.61 Friday.
– The Yen was weaker at 117.40: $1 from Friday’s 116.08 against the dollar.
– The Yuan was weaker at 6.9329: $1, from 6.9211: $1, Friday.
– The Pound Sterling was weaker at $1.2185: 1 from Friday’s $1.2386: 1.
Yuan Gold Fix
As you can above Friday’s prices were $11.25 higher than the close of New York and only $5 higher than London. The People’s Bank of China’s efforts to hold the Yuan up appear to be failing as it fall.
LBMA price setting: The LBMA gold price setting was at $1,176.10this morning against yesterday’s $1,178.00.
This post was published at GoldSeek on 9 January 2017.
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