Silver as an investment

Gold Market Morning: August-9-2017: Gold and silver about to break out?

news.goldseek.com / Julian D.W. Phillips  / 9 August 2017

Gold Today –New York closed yesterday at $1,262.60. Londonopened at $1,265.00 today. 

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

–         The $: € was stronger at $1.1760 after the yesterday’s $1.1804: €1.

–         The Dollar index was stronger at 93.61 after yesterday’s 93.36.

–         The Yen was stronger at 109.75 after yesterday’s 110.58:$1.

–         The Yuan was much stronger at 6.6782 after yesterday’s6.7059: $1.

–         The Pound Sterling was weaker at $1.3005 after yesterday’s $1.3035: £1

Yuan Gold Fix

New York closed $2.80 higher than Shanghai’s close yesterday. Today, we are seeing the dollar stronger overall but the Yuan is quite a bit stronger against the dollar. London is $7 lower than Shanghai.

Shanghai is on the front foot today and likely to pull London and New York higher today.

Silver Today –Silver closed at $16.38 yesterday after $16.25 at New York’s close Monday.

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