Gold and Silver Market Morning: July 18 2017 – Gold and silver markets continue to climb!

Gold Today – New York closed yesterday at $1,234.00. Londonopened at $1,237.00 today.
Overall the dollar was much weaker against global currencies, early today. Before London’s opening:
– The $: was much weaker at $1.1559 after yesterday’s $1.1457: 1.
– The Dollar index was much weaker at 94.64 after yesterday’s95.21.
– The Yen was stronger at 112.14 after yesterday’s 112.44:$1.
– The Yuan was much stronger at 6.7481 after yesterday’s 6.7704:$1.
– The Pound Sterling was weaker at $1.3026 after yesterday’s $1.3066: 1.
Yuan Gold Fix
New York closed $2 lower than Shanghai’s close yesterday, with London opening today at a discount to Shanghai’s trading today of $7.10, the same discount to Shanghai we saw yesterday. But London is being pulled up by Shanghai. Shanghai in turn was pulling back today from its high as the Yuan strengthened, bringing Shanghai’s gold price to the same differential as it had yesterday.

This post was published at GoldSeek on 18 July 2017.