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