Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Gold and Silver Market Morning: Nov-3-2016 — Gold price tops $1,300 now consolidating below it!

Thursday, November 3, 2016 10:55
% of readers think this story is Fact. Add your two cents. / Julian D.W. Phillips / 3 November 2016

B4INREMOTE-aHR0cDovL3d3dy5nb2xkc2Vlay5jb20vaW1hZ2VzL2dzbG9nby5qcGc=Gold Today –New York closed at $1,296.40 yesterday after the previous close of $1,287.30 London opened at $1,294.30.

–         The $: € was weaker at $1.1100: €1 from $1.1065: €1 yesterday.

–         The Dollar index was weaker at 97.24 from 97.69 yesterday.

–         The Yen was stronger at 102.90: $1 from yesterday’s 103.91 against the dollar.

–         The Yuan was stronger at 6.7626: $1 from 6.7650: $1 yesterday.

–         The Pound Sterling was stronger at $1.2334: £1 from yesterday’s $1.2242 £1.

Yuan Gold Fix

Once again we see Shanghai leading the way higher, even accounting for the higher quality gold it prices. The falling dollar [and stronger Yuan] came into play on prices there. We do not see the U.S. elections affecting gold prices in Shanghai, but the Fed’s stance will.

LBMA price setting:  The LBMA gold price setting was at $1,293.00against yesterday’s $1,295.85. The gold price in the euro was set higher at €1,166.76 against yesterday’s €1,165.41.

Ahead of the opening of New York the gold price was trading at $1,287.45 and in the euro at €1,162.69.  At the same time, the silver price was trading at $18.06.

Silver Today –The silver price rose to $18.50 at New York’s close yesterday from $18.33, Tuesday. 


The post Gold and Silver Market Morning: Nov-3-2016 — Gold price tops $1,300 now consolidating below it! appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.