Daily Market Updates

Morning Market Report
1
Wednesday, February 04, 2015
Indications only, open & closing prices are bids; data source: Bloomberg; important disclaimer below; Times as per Dubai
OTC Trading Range For
03/02/2015
Open At 03.00
High Bid
Low Offer
Close At 02:15
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
04/02/2015
Palladium
$1,274.41
$17.21
$1,227.50
$786.55
$1,285.23
$17.74
$1,243.47
$797.75
$1,255.65
$17.08
$1,222.88
$784.00
$1,260.52
$17.30
$1,234.63
$786.30
$1,274.41
$17.21
$1,227.50
$786.55
($13.89)
$0.09
$7.13
($0.25)
-1.10%
0.52%
0.58%
-0.03%
$1,281.00
**
$1,237.00
$794.00
$1,264.25
$17.59
$1,228.00
$792.00
166,935
48,990
9,705
3,825
$1,260.30
$17.32
$1,235.20
$786.00
$1,276.90
$17.25
$1,228.60
$788.00
($16.60)
$0.07
$6.60
($2.00)
+0.20/ +0.50
- 0.01 / 0.02
- 0.10 / 0.20
-1.00 / +2.00
1 Month
3 months
6 months
12 months
0.0650
0.0950
0.1175
0.1525
0.1695
0.2521
0.3574
0.6194
18.29
18.10
18.07
18.01
32.26
30.57
30.08
29.68
18.63
18.43
18.49
18.89
24.58
23.95
23.50
23.03
 Market Daily & Weekly:
Market Snap Shot
XAU
XAG
XPT
XPD
Euro
03/02/2015*
1 Day%
1 Week %
$1,260.52
-1.10
-2.52
$17.30
0.52
-4.39
$1,234.63
0.58
-2.38
$786.30
-0.03
0.69
1.1481
1.22
0.87
*Closing Rate
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, February 04,
2015
Fundamentals and News*:

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Gold held two days of losses after the Greek government dropped a call for a debt writedown,
easing concern that the country will abandon the euro and cutting demand for haven assets.
Bullion for immediate delivery fell and rose at least 0.2 percent, and traded at $1,262.80 an
ounce at 12:08 p.m. in Singapore from $1,260.52 on Tuesday, when prices fell as much as 1.5
percent, according to Bloomberg generic pricing.
Gold advanced 8.4 percent in January, in part as uncertainty over Greece’s membership of the
euro zone helped to fan haven demand. While the Federal Reserve is moving toward raising
borrowing costs, central banks from Europe to Asia are acting to counter slower growth and
deflation.
Data this week may show U.S. employers continued to add workers in January and provide clues
on the timing of U.S. rate increases.
“As the probability of Greece exiting the euro zone decreases, risk appetite picks up and
demand for haven assets like gold falls,” Xia Yingying, a Hangzhou, China-based analyst at
Nanhua Futures Co., wrote in a note.
While divergent monetary policies strengthened the dollar, speculation has also increased the
Fed may hold back from raising rates as oil’s drop this year risked keeping inflation below its 2
percent goal. Highlighting gold’s volatility, a measure of price swings over 100 days rose on
Tuesday to 18.55, the highest since February 2014, data compiled by Bloomberg show.
Brent crude rallied 5.8 percent on Tuesday, gaining for a fourth day and helping spur the biggest
one-day advance in the Bloomberg Commodities Index since 2012.
Gold for April delivery was 0.2 percent higher at $1,262.90 an ounce on the Comex.
Assets held by exchange-traded products backed by bullion slid 0.2 percent to 53,601,991
ounces on Feb. 3, the biggest contraction since Jan. 6, data compiled by Bloomberg show.
Silver for immediate delivery was at $17.3114 an ounce from $17.30.
Spot platinum was little changed at $1,236.25 an ounce, while palladium gained 0.2 percent to
$788.20 an ounce.
 Data Forthcoming Releases:
Source*: Bloomberg
Time*
Country
Today's Events
Forecast
Previous
1:30pm
GBP
Services PMI
56.6
55.8
2:00pm
EUR
Retail Sales m/m
-0.10%
0.60%
5:15pm
USD
ADP Non-Farm Employment Change
224K
241K
6:45pm
USD
Final Services PMI
54.3
54.0
7:00pm
USD
ISM Non-Manufacturing PMI
56.60
56.20
7:30pm
USD
Crude Oil Inventories
4.0M
8.9M
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, February 04,
2015
** Dubai Time
 Technical Comment and Outlook on Gold:
Gold for Spot delivery was closed at
$1260.52 an ounce; with the loss of
$13.89 or 1.10 Percent at 02:15 a.m.
Dubai time closing, from its previous
close of $1274.41.
Spot Gold technically seems having
resistance levels at $1284.90 and
$1294.70 respectively, while the
supports are seen at $1252.80 and
$1243.00 respectively.
 Technical Comment and Outlook on Silver:
Silver for immediate delivery was
closed at $ 17.30 an ounce; with the
profit of 09 cents or 0.52 percent
from its previous close of $17.21
The Fibonacci levels on chart are
showing resistance at $17.94 and
$18.27, while the supports are seen
at $16.86 and $ 16.53 respectively.
 Resistance & Support Levels:
Period
Gold
Silver
R3
R2
R1
S1
S2
S3
$ 1,310.8
$ 1,294.7
$ 1,284.9
$ 1,252.8
$ 1,243.0
$ 1,227.0
$
$
$
$
$
$
18.81
18.27
17.94
16.86
16.53
15.99
******* 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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