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Gold and Silver Market Morning: Mar 24 2017 – Gold facing a critical day!

Friday, March 24, 2017 13:09
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(Before It's News) / Julian D.W. Phillips  / 24 March 2017

B4INREMOTE-aHR0cDovL3d3dy5nb2xkc2Vlay5jb20vaW1hZ2VzL2dzbG9nby5qcGc=Gold Today –New York closed at $1,246.20 yesterday after closing at$1,247.80 on the 22nd March. London opened at $1,243.00 today. 

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

–         The $: € was weaker at $1.0798: €1 from $1.0787: €1 yesterday.

–         The Dollar index was weaker at 99.73 from 99.77 yesterday.

–         The Yen was slightly weaker at 111.20:$1 from yesterday’s 111.15 against the dollar.

–         The Yuan was weaker at 6.8877: $1, from 6.8860: $1, yesterday.

–         The Pound Sterling was unchanged at $1.2490: £1 fromyesterday’s $1.2490: £1.

Yuan Gold Fix

At the close in Shanghai today, the gold price was volatile between 277.6 and 278.6 Yuan, but standing at Yuan 278 as we wrote this, which directly translates into $1,255.39. But allowing for the difference of gold being traded this equates to a price of $1,250.39. This more than $9.19 higher than the New York close and $12.39 higher than London.


The post Gold and Silver Market Morning: Mar 24 2017 – Gold facing a critical day! appeared first on Silver For The People.


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