Jun 15 Gold Market Morning Snapshot
SFE Futures ? (no report this morning) SGE Spot ? (no report this morning)
LBMA Spot $4,338.19
COMEX Jun26 Futures $4,336.80 ($3.52
LBMA Spot @ last quote)
MCX Futures $4,287.18 IBJA Spot $4,206.57 (~$132 LBMA Spot)
Quotes
taxes/dutiesLBMA Spot
Last night gold jumped from ~$4,220 to ~$4,300 on an USA-Iran peace deal announcement and is running ~$4,340 this morning.
EFP Spreads (ET)
Spot price @ 07:04 : $4,338.19
Jun26 = -$3.52 vs -$0.88 Previously (spot @ 06:50 : $4,340.32)
Jul26 = +$3.41 vs +$5.10 (spot @ 07:02 : $4,338.49)
Aug26 = +$20.31 vs +$20.03
EFP Commentary
Jun26 EFP spread firmly negative this morning. Will it encourage an arbitrage profit trade sending COMEX gold to London?
India
MCX Aug26 [GOLD 1kg] : $5,043.74 (less 15% BCD+AISD = $4,287.18)
IBJA PM spot : $4,948.90 (less 15% BCD+AISD = $4,206.57)
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Previous report: https://www.pmbug.com/threads/gold-market-260613.9027/