Gold Today – New York closed Friday at $1,269.40. London opened at $1,266.45 today.
Overall the dollar was weaker against global currencies, early today. Before London’s opening:
– The $: was weaker at $1.1725 after the Friday’s $1.1709: 1.
– The Dollar index was weaker at 93.50 after Friday’s 93.71.
– The Yen was stronger at 110.67 after Friday’s 111.23:$1.
– The Yuan was stronger at 6.7282 after Friday’s 6.7415: $1.
– The Pound Sterling was stronger at $1.3122 after Friday’s $1.3090: 1.
Yuan Gold Fix
New York closed $6.60 higher than Shanghai’s close on Friday with Shanghai catching up today. London opened $2.60 lower than Shanghai was trading at the same time. All three global gold markets are advancing as global demand is driving gold prices higher.
Silver Today – Silver closed at $16.75 Friday after $16.57 at New York’s close Thursday.
LBMA price setting: The LBMA gold price was set today at $1,266.35 from Friday’s $1,259.60. The gold price in the euro was set at 1,079.31 after yesterday’s 1.075.20.
Just before the opening of New York the gold price was trading at $1,268.35 and in the euro at 1,081.10. At the same time, the silver price was trading at $16.78.
Gold (very short-term)
The gold price should move higher, in New York today.
This post was published at GoldSeek on 31 July 2017.
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