Gold and Silver Market Morning: April 19 2017 – Gold building strength below $1,300 still!

Jon Gold, Market Commentary, Precious Metals, Silver

Gold Today – New York closed at $1,290.10 yesterday after closing at$1,283.30 Tuesday. London opened at $1,283.00 today.
Overall the dollar was weaker against global currencies early today. Before London’s opening:
– The $: was weaker at $1.07.24 after yesterday’s $1.0649: 1.
– The Dollar index was weaker at 99.66 after yesterday’s 100.24.
– The Yen was weaker at 108.99 after yesterday’s 108.84:$1.
– The Yuan was slightly stronger at 6.8854 after yesterday’s6.8860: $1.
– The Pound Sterling was stronger at $1.2857 after yesterday’s $1.2590: 1.
Yuan Gold Fix
The Shanghai Gold Exchange was trading at 286.00 towards the close today. This translates into $1,286.95. New York closed $3.15 ABOVE Shanghai’s closing. London opened at a $3.95 discount to Shanghai.

This post was published at GoldSeek on 19 April 2017.