Gold Today – New York closed at $1,270.10 yesterday after closing at$1,267.00 Wednesday. London opened at $1,262.10 today.
Overall the dollar was weaker against global currencies, early today. Before London’s opening:
– The $: was unchanged at $1.1222 after yesterday’s $1.1222: 1.
– The Dollar index was slightly stronger at 97.20 after yesterday’s97.17.
– The Yen was slightly weaker at 111.51 after yesterday’s 111.15:$1.
– The Yuan was much weaker at 6.8153 after yesterday’s 6.8062:$1.
– The Pound Sterling was stronger at $1.2875 after yesterday’s $1.2855: 1.
Yuan Gold Fix
The Yuan is correcting lower, but this does not mean anything as the authorities in Shanghai are continuing their quest to attack speculation and bring stability to the Chinese financial markets. Shanghai is still drifting lower but the falls are only slight. We note that Shanghai was trading slightly lower than New York today.
Silver Today – Silver closed at $17.28 yesterday after $17.32 at New York’s close Wednesday.
This post was published at GoldSeek on 2 June 2017.
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