Professional Documents
Culture Documents
Global Perspective
Gold: Gold advanced toward the highest level in more than a week as a retreat in the dollar and global equities boosted demand
for the safe haven. Immediate delivery rose to US$ 1,206.30 an ounce and traded at US$ 1,202.30 Wednesday afternoon in
Singapore, set for the first monthly advance since August this year. February delivery traded at US$ 1,201.70 at COMEX from
US$ 1,200.40 yesterday. Assets in the SPDR Gold Trust contracted to 710.81 metric tons yesterday, the lowest in more than six
years.
Crude Oil: Oil headed for the biggest annual decline since the 2008 global financial crisis as U.S. producers and the OPEC cede
no ground in their battle for market share amid a supply glut. WTI for February delivery dropped to US$ 53.55 a barrel at NYMEX
and traded at US$ 53.75 this afternoon Singapore time after touching US$ 54.12 yesterday. For year 2014 the biggest factor
driving crude prices has been U.S. shale oil.
Silver: Silver for immediate delivery decreased 0.3 percent to US$ 16.25 an ounce, tumbling 17 percent this year after a 36
percent plunge in 2013. Prices have been hurt by declining demand for a store of value and concern that slowing global growth
will cut industrial usage amid an oversupply.
Data Announcements
Following data is expected to be announced today and Friday around given times:
31-Dec-2014
02-Jan-2015
Time (PST)
06:30 pm
07:45 pm
08:00 pm
06:30 pm
07:45 pm
08:00 pm
Currency
USD
USD
USD
USD
USD
USD
Impact
High
Medium
Medium
High
Medium
Medium
Details
Unemployment Claims
Chicago PMI
Pending Home Sales m/m
Unemployment Claims
Chicago PMI
Pending Home Sales m/m
20
10
0
23-Dec
24-Dec
26-Dec
29-Dec
30-Dec
PKR Millions
1,500
1,000
500
0
23-Dec
24-Dec
26-Dec
29-Dec
30-Dec
Thousands
2,000
PKR Millions
CRUDE
100
GO1
OZ
GO10
OZ
GO100
OZ
TOLA
GOLD
SL10
OZ
SL100
OZ
SL500
OZ
Grand
Total
3,004
739
1,140
357
486
298
220
6,248
OI - Value (Millions)
163
400
138
431
36
0.05
49
180
1,404
Market Trend
NL
NL
NL
NL
NL
NL
NL
NL
NL
NL
OI - Lots
Gold
1.11
13.20
2.57
30.80
0.42
0.38
1.09
1.76
Silver
2.63
0.42
4.57
0.74
0.80
0.60
1.34
2.75
Crude
-0.02
(0.01)
3.07
1.65
0.85
0.44
1.95
2.00
Crude oil prices sank to five-year low of US$ 52.68 per barrel on
Tuesday amid supply glut fears ahead of the weekly oil reserves
report from the U.S. Energy Department. Gold prices rose by 1.11
percent on weaker equities. But gains were limited as the dollar
was perched at a near-nine-year high versus a basket of major
currencies, undermining the metal's appeal as a hedge. Silver
prices rose by 2.66 percent with intraday volatility of over 2.7
percent for the last trading day.
CHANGE
OPEN
HIGH
LOW
CLOSE
1, 184.7
1,211.3
1,180.5
1,197.9
CHANGE
1.11
%
OPEN
HIGH
LOW
CLOSE
53.74
54.33
52.68
53.73
02:00
24:00
22:00
18:00
Low
16:00
14:00
High
06:00
02:00
24:00
22:00
20:00
18:00
16:00
14:00
12:00
10:00
08:00
06:00
02:00
15.6
24:00
15.9
52.5
22:00
53.0
1,178
20:00
1,187
18:00
16.1
16:00
53.5
14:00
1,196
12:00
16.4
10:00
54.0
08:00
1,205
06:00
16.6
20:00
Low
54.5
12:00
High
Low
SILVER US $ / t Oz
10:00
High
1,214
08:00
GOLD US $ / t Oz
CHANGE
0.02
%
OPEN
HIGH
LOW
CLOSE
15.778
16.488
15.747
16.198
2.66
%
Talk to Us
Pakistan Mercantile Exchange
3-B, 3rd Floor, Bahria Complex IV,
Ch. Khalique-uz Zaman Road, Gizri,
Karachi, Pakistan.
UAN: +92-21-111-623-623
FAX: (92-21) 35155022/23
For subscription and further information please
email us : info@pmex.com.pk
DISCLAIMER: This report is for information purpose only and does not constitute an offer or solicitation to make an investment in Commodity Futures Contracts which carries risk. Any views, expressions or
opinions expressed in this report are solely for providing information to readers. Figures appearing in report are although taken from reliable sources as presented however; we are not taking any responsibility
about its accuracy, completeness and any decision taken on the basis of such information.