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Gold and Silver Market Morning: Feb 15 2017 – Gold not moving except to adjust to exchange rates!

Wednesday, February 15, 2017 15:15
% of readers think this story is Fact. Add your two cents. / Julian D.W. Phillips / 15 February 2017

B4INREMOTE-aHR0cDovL3d3dy5nb2xkc2Vlay5jb20vaW1hZ2VzL2dzbG9nby5qcGc=Gold Today –New York closed at $1,227.40 on the 14th February after closing at $1,225.90 on the 13th February. London openedat $1,226.45 today.

Overall the dollar was stronger against global currencies early today. Before London’s opening:

–         The $: € was stronger at $1.0572: €1 from $1.0623: €1 onyesterday.

–         The Dollar index was stronger at 101.29 from 100.78 onyesterday.

–         The Yen was weaker at 114.47:$1 from yesterday’s 113.48 against the dollar.

–         The Yuan was weaker at 6.8694: $1, from 6.8681: $1, yesterday.

–         The Pound Sterling was weaker at $1.2457: £1 from yesterday’s $1.2529: £1.

 Yuan Gold Fix

Shanghai was trading at 273.34 Yuan towards the close today. This equates to $1,238.40, but allowing for the different quality of gold being traded [.9999 fineness]  and on today’s exchange rate, to align it with New York and London prices it equates to $1,233.41.

LBMA price setting:  The LBMA gold price was set today at$1,225.15 down from yesterday’s $1,229.65.


The post Gold and Silver Market Morning: Feb 15 2017 – Gold not moving except to adjust to exchange rates! appeared first on Silver For The People.


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