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Gold and Silver Market Morning: June 6 2017 – Gold poised to attack $1,300!

news.goldseek.com / Julian D.W. Phillips / 6 June 2017

Gold Today –New York closed at $1,279.60 yesterday after closing at$1,278.20 Friday. London opened at $1,289.50 today. 

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

–         The $: € was slightly stronger at $1.1246 after yesterday’s $1.1264: €1.

–         The Dollar index was slightly weaker at 96.73 after yesterday’s96.77.

–         The Yen was stronger at 109.52 after yesterday’s 110.51:$1.

–         The Yuan was stronger at 6.7954 after yesterday’s 6.8036: $1.

–         The Pound Sterling was barely changed at $1.2904 afteryesterday’s $1.2905: £1.

Yuan Gold Fix

While New York saw the gold price rise a little it was Shanghai that gave the spurt to the gold price trading at $1,293 late in their day today. London was pulled up at the opening to just $4 below Shanghai.

Silver Today –Silver closed at $17.57 yesterday after $17.52 at New York’s close Friday.

LBMA price setting:  The LBMA gold price was set today at$1,287.85 from yesterday’s $1,280.70.  The gold price in the euro was set at €1,144.40 after yesterday’s €1,137.04.

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