Morning Market Report

Morning Market Report
1
Tuesday, October 28, 2014
Indications only, open & closing prices are bids; data source: Bloomberg; important disclaimer below; Times as per Dubai
OTC Trading Range For
27/10/2014
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
28/10/2014
Palladium
$1,231.05
$17.21
$1,251.00
$779.63
$1,232.11
$17.24
$1,258.75
$788.25
$1,225.53
$17.09
$1,249.13
$777.80
$1,226.62
$17.13
$1,257.25
$785.25
$1,231.01
$17.20
$1,250.00
$781.00
($4.39)
($0.07)
$7.25
$4.25
-0.36%
-0.41%
0.58%
0.54%
$1,230.50
**
$1,256.00
$781.00
$1,228.75
$17.18
$1,253.00
$788.00
76,013
18,921
5,581
2,794
$1,229.30
$17.16
$1,254.50
$787.15
$1,231.80
$17.18
$1,250.90
$780.90
($2.50)
($0.02)
$3.60
$6.25
-0.40/-0.20
-0.02/+0.01
-0.10/+0.20
-1.00/+2.00
1 Month
3 months
6 months
12 months
-0.0900
-0.0025
0.0700
0.1600
0.152
0.2331
0.3229
0.5426
14.22
14.57
15.11
15.72
22.26
22.44
22.7
23.1
19.38
17.02
16.53
16.60
26.35
24.17
23.61
23.30
 Market Daily & Weekly:
Market Snap Shot
XAU
XAG
XPT
XPD
Euro
27/10/2014
1 Day%
1 Week %
$1,226.62
-0.36
-1.65
$17.13
-0.41
-1.75
$1,257.25
0.58
-0.91
$785.25
0.54
2.80
1.2698
0.21
-0.80
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
Tuesday, October 28, 2014
www.kalotico.com
*Closing Rate
Fundamentals and News*:
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Gold rebounded from a two-week low as investors weighed increased physical demand before
Federal Reserve policy makers begin a two-day meeting at which they are expected to end a
bond-buying program.
Bullion for immediate delivery earlier dropped to $1,222.62, the lowest price since Oct. 15, and
has retreated 1.8 percent over the past four days in the longest losing streak since August.
Demand in China and India, the largest buyers, typically accelerates in the fourth quarter during
the festive periods and wedding season.
“Physical demand, most notably from the Far East, continued to provide underlying support for
gold”
The Fed indicated at its September meeting it planned to end asset purchases this month and
has held its key rate at zero to 0.25 percent since 2008. While assets in global ETPs last week
contracted to a five-year low, data yesterday showed China’s gold imports from Hong Kong rose
to the highest in five months in September.
Gold lost as much as 0.6 percent to $1,222.20 an ounce on the Comex in New York, the lowest
since Oct. 15, and traded at $1,230.70.
Silver for immediate delivery advanced 0.6 percent to $17.2350 an ounce.
Spot platinum traded at $1,257.38 an ounce from $1,257.25.
Spot palladium was little changed at $785.55 an ounce after a three-day increase.
 Data Forthcoming Releases:
Time*
Country
4:30pm
USD
4:30pm
Source*: Bloomberg
Today's Events
Forecast
Previous
Core Durable Goods Orders m/m
0.50%
0.40%
USD
Durable Goods Orders m/m
0.40%
-18.40%
5:00pm
USD
S&P/CS Composite-20 HPI y/y
5.70%
6.70%
6:00pm
USD
CB Consumer Confidence
87.4
86.0
6:00pm
USD
Richmond Manufacturing Index
11
14
9:30pm
GBP
MPC Member Cunliffe Speaks
**
**
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
Tuesday, October 28, 2014
www.kalotico.com
** Dubai Time
 Technical Comment and Outlook on Gold:
Gold for Spot delivery was closed at
$1226.62 an ounce; with the loss of
$4.39 or 0.36 Percent, at 01:15 a.m.
Dubai time closing, from its previous
close of $1231.01.
Spot Gold technically seems having
resistance levels at $1247.20, and
$1254.30 respectively, while the
supports are seen at $1224.40 and
$1217.40 respectively.
 Technical Comment and Outlook on Silver:
Silver for immediate delivery was
closed at $ 17.13 an ounce; with the
loss of 07 cents or 0.07 percent
from its previous close of $ 17.20
The Fibonacci levels on chart are
showing resistance at $17.51 and
$17.66, while the supports are seen
at $17.04 and $ 16.89 respectively.
 Resistance & Support Levels:
Period
Gold
Silver
R3
R2
R1
S1
S2
S3
$ 1,265.6
$ 1,254.3
$ 1,247.2
$ 1,224.4
$ 1,217.4
$ 1,206.0
$
$
$
$
$
$
17.90
17.66
17.51
17.04
16.89
16.66
******* 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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