Gold and Silver Market Morning: Sep-26-2016 — Gold and silver building strength!

Jon Gold, Market Commentary, Precious Metals, Silver

Gold Today -New York closed at $1,337.90 Friday after the previous close of $1,337.10. London opened at $1,334.00.
– The $: was weaker at $1.1252: 1 from $1.1212: 1 Friday.
– The Dollar index was weaker at 95.32 from 95.41 Friday.
– The Yen was stronger at 100.44: $1 up from 100.84: $1 Friday against the dollar.
– The Yuan was slightly weaker at 6.6701: $1 from 6.6693: $1 Friday.
– The Pound Sterling was slightly weaker at $1.2933: 1 from Friday’s $1.2968: 1.
Yuan Gold Fix
New York, Shanghai were in line but London again tried to pull prices down, while exchange rates showed a slightly mixed picture with the dollar tending weaker.
The gold price in global gold markets is trying to weaken as the gold price appears to be gathering strength to attack overhead resistance once more.
LBMA price setting: The LBMA gold price setting was at $1,336.30against Friday’s $1,335.90.
The gold price in the euro was set at 1,187.61 against Friday’s 1,191.12.
Ahead of the opening of New York the gold price was trading at $1,337.00 and in the euro at 1,186.71. At the same time, the silver price was trading again at $19.50.

This post was published at GoldSeek on 26 September 2016.