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Gold and Silver Market Morning: Mar 9 2017 – Gold drifting looking for a bottom!

Thursday, March 9, 2017 15:41
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(Before It's News) / Julian D.W. Phillips  / 9 March 2017

B4INREMOTE-aHR0cDovL3d3dy5nb2xkc2Vlay5jb20vaW1hZ2VzL2dzbG9nby5qcGc=Gold Today –New York closed at $1,208.70 on the 8th March after closing at $1,215.80 on the 7th March. London opened at $1,205.00 today.

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

–         The $: € was stronger at $1.0535: €1 from $1.0558: €1 yesterday.

–         The Dollar index was stronger at 102.17 from 101.90 yesterday.

–         The Yen was weaker at 114.50:$1 from yesterday’s 113.95 against the dollar.

–         The Yuan was weaker at 6.9113: $1, from 6.9049: $1, yesterday.

–         The Pound Sterling was slightly weaker at $1.2164: £1 fromyesterday’s $1.2172: £1.

At the close in Shanghai today, the gold price was trading at 272.01Yuan once again, which directly translates into $1,224.15. But allowing for the difference of gold being traded this equates to a price of $1,219.15. This is $10.45 higher than the New York close and $14.15 higher than London.


The post Gold and Silver Market Morning: Mar 9 2017 – Gold drifting looking for a bottom! appeared first on Silver For The People.


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