Gold and Silver Market Morning: Jan 30 2017 – Gold and Silver holding up well while Shanghai closed!

Jon Gold, Market Commentary, Precious Metals, Silver

Gold Today – New York closed at $1,190.90 on the 27th January after closing at $1,189.10 on the 26th January. London opened at $1,192.00 today.
Overall the dollar was mixed against global currencies early today. Before London’s opening:
– The $: was unchanged at $1.0696: 1 from $1.0696: 1 Friday.
– The Dollar index was slightly stronger at 100.55 from 100.50 Friday.
– The Yen was slightly stronger at 114.86:$1 from Friday’s 114.99 against the dollar.
– The Yuan was unchanged at 6.8772: $1, from 6.8772: $1, Friday.
– The Pound Sterling was weaker at $1.2545: 1 from Friday’s $1.2565: 1.
Yuan Gold Fix
Shanghai is closed today until Friday for the Lunar New Year celebrations.
LBMA price setting: The LBMA gold price was set today at $1,189.85 up from Friday’s $1,184.20.
The gold price in the euro was set lower at 1,115.34 after Friday’s 1,107.45.
Ahead of the opening of New York the gold price was trading at $1,191.00 and in the euro at 1,116.42. At the same time, the silver price was trading at $17.09.
Silver Today – Silver closed at $17.12 at New York’s close yesterday against $16.80 on the 26th January.
Gold (very short-term) The gold price will consolidate, in New York today.
Silver (very short-term) The silver price will have consolidate, in New York today.

This post was published at GoldSeek on 30 January 2017.