Silver Market Morning: Dec-11-2015
Snippet:
The big news of the day is the announcement that the Yuan gold Fix, based on a 1 kilo bar of gold will begin in April. It had been expected by the year’s end but now we have a firm date. It will be based on physical demand and supply, not on futures positioning as on COMEX.
Gold Today –The New York gold price closed at $1,071.70 down from $1,072.70 on yesterday’s close. In Asia prices held at the same level then the dollar strengthened to 97.90 up from 97.67 on the dollar Index.
Friday, December 11th
First published here: Silver Market Morning: Dec-11-2015
