Daily Market Updates
Morning Market Report 1 Wednesday, December 03, 2014 Indications only, open & closing prices are bids; data source: Bloomberg; important disclaimer below; Times as per Dubai OTC Trading Range For 02/12/2014 Open At 02.00 High Bid Low Offer Close At 01.15 Previous Close Daily Change USD Daily Change % London Fixings AM PM COMEX Trading Volume Active Month Settlement Previous Session Daily Change EFP's Forwards & Options GOFO USD LIBOR Gold ATM Vols Silver ATM Vols Platinum ATM Vols Palladium ATM Vols All Times Are Gold As Per Dubai Silver Date Platinum 03/12/2014 Palladium $1,212.10 $16.46 $1,239.25 $806.72 $1,213.41 $16.52 $1,239.25 $811.30 $1,192.09 $16.07 $1,212.22 $796.55 $1,198.28 $16.47 $1,216.50 $802.17 $1,212.10 $16.46 $1,239.13 $806.72 ($13.82) $0.01 ($22.63) ($4.55) -1.15% 0.06% -1.86% -0.57% $1,197.00 ** $1,219.00 $799.00 $1,195.00 $16.16 $1,220.00 $804.00 156,062 106,475 12,349 3,658 $1,199.40 $16.45 $1,217.50 $803.75 $1,218.10 $16.69 $1,241.60 $808.10 ($18.70) ($0.24) ($24.10) ($4.35) -1.00/-0.70 -0.05/-0.02 -0.20/+0.10 -2.00/+1.00 1 Month 3 months 6 months 12 months -0.3825 -0.2050 -0.0400 0.0350 0.15775 0.2346 0.3290 0.5626 18.47 17.24 16.83 16.52 33.56 29.94 27.99 26.94 17.46 16.64 16.36 16.32 24.16 23.67 22.51 22.00 Market Daily & Weekly: Market Snap Shot XAU XAG XPT XPD Euro 02/12/2014 1 Day% 1 Week % $1,198.28 -1.15 -0.23 $16.47 0.06 -1.28 $1,216.50 -1.86 -0.67 $802.17 -0.57 1.08 1.2383 -0.70 -0.73 Kaloti Jewellery International DMCC (KJI) does not provide trading or investment advice to its customers. The information provided in this report is for indicative information only and KJI assumes no liability whatsoever for the accuracy and/or any use of the information contained in this report and expresses no solicitation to buy or sell OTC products, futures, or options on futures contracts. The Customer should not regard any views or opinions given in this report as being investment or trading advice. KJI shall have no liability whatsoever for any view or opinion expressed in the report. Reproduction of this report without authorization is forbidden. All rights reserved. Dubai +97142254092 (Reuters Dealing: KLTG), Kaloti FI +97144486978, Sharjah +97165433509, Hong Kong +85223632755, +85223632442, Turkey +902124650089, Singapore +655000939, Miami Associates +3055775969, Paramaribo, Suriname +5978598888 www.kalotico.com Morning Market Report www.kalotico.com Wednesday, December 03, 2014 *Closing Rate Fundamentals and News*: Gold held below a five-week high as a strengthening dollar curbed demand for a store of value, with a U.S. policy maker saying the Federal Reserve is getting closer to replacing its vow to hold rates low for a considerable time. Bullion for immediate delivery on Dec. 1 slumped to a three-week low of $1,142.88, before rallying to $1,221.43, the highest level since Oct. 30, as oil whipsawed. The Bloomberg Dollar Spot Index was near the highest since 2009 before data this week that may show American employers added more than 200,000 jobs for a 10th month, boosting the case for tighter U.S. monetary policy as stimulus in Europe and Japan increases. The drop in oil, trading below $70 a barrel today, is benefiting the U.S. economy, according to Fed Vice Chairman Stanley Fischer, who said that officials are closer to getting rid of the “considerable time” language. “The expectation for the U.S. economic recovery to continue, and the lower inflation outlook because of falling oil prices will keep precious metals under pressure.” Gold is little changed this year after losing 28 percent in 2013 as the Fed considers raising borrowing costs while other central banks take steps to spur growth. Policy makers at the European Central Bank and Bank of England meet tomorrow, and the Federal Open Market Committee gathers Dec. 16-17. Gold for February delivery was at $1,199.80 an ounce on the Comex in New York from $1,199.40 yesterday. Futures slumped to a three-week low of $1,141.70 on Dec. 1 after Swiss voters rejected a plan for their central bank to acquire bullion. Silver for immediate delivery lost 0.7 percent to $16.3595 an ounce after sinking to a five-year low of $14.4235 on Dec. 1. Spot platinum traded at $1,217.81 an ounce from $1,216.50, and palladium rose 0.7 percent to $807.47 an ounce. Data Forthcoming Releases: Source*: Bloomberg Time* Country Today's Events Forecast Previous 1:30pm GBP Services PMI 56.6 56.2 2:00pm EUR Retail Sales m/m 0.60% -1.30% 4:30pm GBP Autumn Forecast Statement ** ** 5:15pm USD ADP Non-Farm Employment Change 223K 230K 5:30pm USD Revised Nonfarm Productivity q/q 2.30% 2.00% 6:45pm USD Final Services PMI 56.3 56.3 7:00pm USD ISM Non-Manufacturing PMI 57.5 57.1 7:30pm USD Crude Oil Inventories 1.1M 1.9M Kaloti Jewellery International DMCC (KJI) does not provide trading or investment advice to its customers. The information provided in this report is for indicative information only and KJI assumes no liability whatsoever for the accuracy and/or any use of the information contained in this report and expresses no solicitation to buy or sell OTC products, futures, or options on futures contracts. The Customer should not regard any views or opinions given in this report as being investment or trading advice. KJI shall have no liability whatsoever for any view or opinion expressed in the report. Reproduction of this report without authorization is forbidden. All rights reserved. Dubai +97142254092 (Reuters Dealing: KLTG), Kaloti FI +97144486978, Sharjah +97165433509, Hong Kong +85223632755, +85223632442, Turkey +902124650089, Singapore +655000939, Miami Associates +3055775969, Paramaribo, Suriname +5978598888 www.kalotico.com 2 Morning Market Report www.kalotico.com Wednesday, December 03, 2014 ** Dubai Time Technical Comment and Outlook on Gold: Gold for Spot delivery was closed at $1198.28 an ounce; with the loss of $13.82 or 1.15 Percent, at 01:15 a.m. Dubai time closing, from its previous close of $1212.10. Spot Gold technically seems having resistance levels at $1217.50, and $1236.10 respectively, while the supports are seen at $1157.50 and $1139.00 respectively. Technical Comment and Outlook on Silver: Silver for immediate delivery was closed at $ 16.47 an ounce; with the profit of 01 cent or 0.06 percent from its previous close of $16.46 The Fibonacci levels on chart are showing resistance at $16.80 and $17.36, while the supports are seen at $14.99 and $ 14.43 respectively. Resistance & Support Levels: Period Gold Silver R3 R2 R1 S1 S2 S3 $ 1,266.1 $ 1,236.1 $ 1,217.5 $ 1,157.5 $ 1,139.0 $ 1,109.0 $ $ $ $ $ $ 18.26 17.36 16.80 14.99 14.43 13.52 ******* Kaloti Precious Metals******* Kaloti Jewellery International DMCC (KJI) does not provide trading or investment advice to its customers. The information provided in this report is for indicative information only and KJI assumes no liability whatsoever for the accuracy and/or any use of the information contained in this report and expresses no solicitation to buy or sell OTC products, futures, or options on futures contracts. The Customer should not regard any views or opinions given in this report as being investment or trading advice. KJI shall have no liability whatsoever for any view or opinion expressed in the report. Reproduction of this report without authorization is forbidden. All rights reserved. Dubai +97142254092 (Reuters Dealing: KLTG), Kaloti FI +97144486978, Sharjah +97165433509, Hong Kong +85223632755, +85223632442, Turkey +902124650089, Singapore +655000939, Miami Associates +3055775969, Paramaribo, Suriname +5978598888 www.kalotico.com 3
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