Gold Today – New York closed yesterday at $1,257.20. London opened at $1,253.00 today.
Overall the dollar was weaker against global currencies, early today. Before London’s opening:
– The $: was slightly weaker at $1.1654 after yesterday’s $1.1650: 1.
– The Dollar index was slightly stronger at 93.97 after yesterday’s 93.94.
– The Yen was weaker at 111.25 after yesterday’s 110.76:$1.
– The Yuan was almost unchanged at 6.7506 after yesterday’s 6.7503: $1.
– The Pound Sterling was slightly weaker at $1.3031 after yesterday’s $1.3041: 1.
Yuan Gold Fix
New York closed $0.50 higher than Shanghai on yesterday with London opening $7 lower than Shanghai. This keeps open arbitrage opportunities with Shanghai. Once again Shanghai is pointing the way higher for New York and London.
Sales from the SPDR gold ETF become available for shipping to Shanghai implying that should U. S. investors want to return to physical gold they will have to pay up for it.
Silver Today – Silver closed at $16.40 yesterday after $16.48 at New York’s close Friday.
This post was published at GoldSeek on 25 July 2017.
Follow on Twitter
Recent Comments