Gold and Silver Market Morning: Feb 14 2017 – Gold consolidating but U.S. gold ETF investors buying big!

Jon Gold, Market Commentary, Precious Metals, Silver

Gold Today – New York closed at $1,225.90 on the 13th February after closing at $1,234.00 on the 10th February. London openedat $1,227.50 today.
Overall the dollar was slightly stronger against global currencies early today. Before London’s opening:
– The $: was slightly stronger at $1.0623: 1 from $1.0653: 1 onyesterday.
– The Dollar index was slightly stronger at 100.78 from 100.67 onyesterday.
– The Yen was slightly stronger at 113.48:$1 from yesterday’s 113.61 against the dollar.
– The Yuan was stronger at 6.8681: $1, from 6.8804: $1, yesterday.
– The Pound Sterling was slightly stronger at $1.2529: 1 fromyesterday’s $1.2520: 1.
Yuan Gold Fix
Shanghai was closed today.
LBMA price setting: The LBMA gold price was set today at$1,229.65 up from yesterday’s $1,229.40.
The gold price in the euro was set higher at 1,157.43 after yesterday’s1,155.55.
Ahead of the opening of New York the gold price was trading at $1,229.40 and in the euro at 1,156.48. At the same time, the silver price was trading at $17.94.
Silver Today – Silver closed at $17.82 at New York’s close yesterday against $17.94 on the 10th February. You will note its rise against gold is holding.

This post was published at GoldSeek on 14 February 2017.