Gold and Silver Market Morning: Jan 11 2017 – Shanghai holding bullion higher!

Btchain

news.goldseek.com / Julian D.W. Phillips / 11 Jan 2017

Gold Today –New York sealed during $1,187.20 on a 10th Jan after shutting during $1,182.50 on a 9th January. London non-stop againat $1,190.40 today.

Overall a dollar is stronger opposite tellurian currencies today. Before London’s opening:

–         The $: € was stronger during $1.0554: €1 from $1.0611: €1 yesterday.

–         The Dollar index was stronger during 102.09 from 101.66 yesterday.

–         The Yen was weaker during 116.05: $1 from yesterday’s 115.40 opposite a dollar.

–         The Yuan was stronger during 6.9225: $1, from 6.9244: $1, yesterday.

–         The Pound Sterling was somewhat stronger during $1.2156: £1 fromyesterday’s $1.2150: £1.

Yuan Gold Fix

If Shanghai is heading a approach for a bullion price, we would design London and New York to arise too. Consequently, a bullion cost needs to pierce to $1,200 for it to be in line with Shanghai now.

Shanghai on Tuesday was $13 aloft than a tighten of New York. This morning London non-stop usually $10.59 reduce than yesterday’s Shanghai closing. And this strength in bullion is function while a dollar is rising and a Yuan slipping slightly.

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