Gold Market Morning: June-7-2017: Gold pausing before tackling $1,300!

Gold Today – New York closed at $1,293.80 yesterday after closing at $1,279.60 Monday. London opened at $1,292.65 today.
Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening:
– The $: was slightly weaker at $1.1254 after yesterday’s $1.1246: 1.
– The Dollar index was slightly weaker at 96.68 after yesterday’s 96.73.
– The Yen was stronger at 109.30 after yesterday’s 109.52:$1.
– The Yuan was stronger at 6.7931 after yesterday’s 6.7954: $1.
– The Pound Sterling was slightly weaker at $1.2898 after yesterday’s $1.2904: 1.
Yuan Gold Fix
New York rose to the same level as Shanghai yesterday. Today, Shanghai is pausing at the same level. London opened at almost the same level as Shanghai.
Once again we see all three centers with gold prices at the same level. This is only the second time this has happened. The first was in the last month.
Silver Today – Silver closed at $17.69 yesterday after $17.57 at New York’s close Monday.

This post was published at GoldSeek on 7 June 2017.