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Gold and Silver Market Morning: Aug-30-2016 — Gold and silver sitting on strong support above $1,300!

news.goldseek.com / Julian D.W. Phillips / 30 August 2016

Gold Today –Gold closed in New York at $1,323.20 on Monday after Friday’s close at $1,321.10.  London opened at $1,321.

–         The $: € was at $1.1172 from $1.1187 Monday.

–         The dollar index was at 95.76 from 95.60 Monday.

–         The Yen was at 102.37 from Monday’s 102.14 against the dollar.

–         The Yuan was the same at 6.680 from 6.680 Monday.

–         The Pound Sterling was weaker at $1.3072 from Monday’s $1.3107.

Yuan Gold Fix

As you can see Shanghai followed New York  but London reopened at Friday’s levels ignoring both New York and Shanghai. The dollar remains strong.

LBMA price setting:  There was no gold price setting on Monday as London was closed. On Tuesday the setting was at $1,318.85.

The gold price in the euro was set on Tuesday at €1,180.71 up on Friday’s1,173.20.

Ahead of the opening in New York the gold price was reported as trading at $1,319.00 and in the euro at €1,182.22.  The silver price is trading at $18.77ahead of New York’s opening

Silver Today –The silver price closed in New York at $18.84 Monday upfrom $18.64 Friday. 

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