Gold Today Gold closed in New York at $1,277.30 yesterday down from $1,279.20 on Wednesday. On Friday morning in Asia it rose slightly to $1,279.10, as the Yuan continued to weaken against a slightly stronger dollar, before the LBMA price setting in London.
LBMA price setting: $1,280.25 up from Thursdays $1,275.75.
Yuan Gold Fix
The Shanghai Gold Fixings today were around the close in New York, but New York barely moved the gold price during yesterday, nor did London.
In all main global gold markets the gold price has settled around the $1,277- $1,280 area a feature that usually precedes a hefty move in the gold price.
All hard currencies are relatively steady together and, by extension, against the gold price.
The dollar index is the same today as yesterday, at 93.60. The dollar is barely stronger against the euro at $1.1426 from Thursdays $1.1431.
The gold price in the euro was set at 1,120.47 up from Thursdays 1,116.04.
Ahead of New Yorks opening, the gold price was trading at $1,280.40 and in the euro at 1,120.75.
Silver Today The silver price closed in New York on Wednesday lower at $17.34 the same as yesterday. Ahead of New Yorks opening the silver price stood at $17.34.