Gold Today – New York closed at $1,262.70 yesterday after closing at $1,275.60 Tuesday. London opened at $1,260.00 today.
Overall the dollar was stronger against global currencies, early today. Before London’s opening:
– The $: was stronger at $1.1164 after yesterday’s $1.1217: 1.
– The Dollar index was stronger at 97.28 after yesterday’s 96.92.
– The Yen was stronger at 109.65 after yesterday’s 110.14:$1.
– The Yuan was weaker at 6.8019 after yesterday’s 6.7976: $1.
– The Pound Sterling was weaker at $1.2696 after yesterday’s $1.2785: 1.
Yuan Gold Fix
Yesterday global gold markets saw volatility in all three markets ahead of the Fed. Once the statement was out global gold markets settled and steadied around $1,260, with London $5 lower than Shanghai.
We expect today will see a digestion of Mrs Yellen’s statement followed by gold’s reaction.
Silver Today – Silver closed at $17.13 yesterday after $16.76 at New York’s close Tuesday.
This post was published at GoldSeek on 15 June 2017.
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