Gold Recap. Spread JAN6 FEB6 APR6 JUN6 DEC JAN FEB APR OI Gold. Chg.

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1 Economic Data December 21, 2015 Country Economic Data Actual Expected Previous JPY All Industry Activity Index M/M Oct 1.00% 0.80% -0.20% JPY BoJ Monthly Report EUR German PPI M/M Nov -0.20% -0.20% -0.40% EUR German PPI Y/Y Nov -2.50% -2.50% -2.30% GBP CBI Reported Sales Dec EUR Eurozone Consumer Confidence Dec A Country Economic Data Actual Expected Previous GBP GfK Consumer Sentiment Dec CNY Conference Board Leading Index 0.60% 0.60% CHF Trade Balance (CHF) Nov 3.82B 4.16B EUR German GfK Consumer Sentiment Jan GBP Public Sector Borrowing (GBP) Nov 11.9B 7.5B USD GDP (Annualized) Q3 T 1.90% 2.10% USD GDP Price Index Q3 T 1.30% 1.30% USD House Price Index M/M Oct 0.40% 0.80% USD Existing Home Sales Nov 5.32M 5.36M Recap Comex % DEC JAN FEB APR JUN Spread JAN6 FEB6 APR6 JUN6 DEC JAN FEB APR6-0.9 DGCX % FEB APR Change =

2 SHFE % JAN FEB MAR APR JUN MCX % FEB APR JUN AUG Unch Unch OCT Unch Change = -23 Spread APR6 JUN6 AUG6 OCT6 FEB APR JUN AUG6-146 Recap Comex % DEC JAN FEB MAR MAY Spread JAN6 FEB6 MAR6 MAY6 DEC JAN FEB MAR DGCX % MAR

3 SHFE % JAN FEB MAR APR MAY MCX % MAR MAY JUL Unch SEP Unch Unch Change = -504 Spread MAY6 JUL6 SEP6 MAR MAY JUL6 429 edged up on Monday, adding to sharp gains from the previous trading session, as weakness in the dollar and equities helped the metal recoup some losses from a U.S. interest rate hike last week. Concerns that demand for non-interest-paying bullion will take a hit from the rate hike continue to cast a shadow, and will likely limit any rally in gold. Some follow-through technical buying was seen from Friday s gains, and some short covering in the futures market was also featured. The metal saw some safe-haven bids on Friday after global equity markets fell sharply as slumping oil prices raised concerns about slower growth, while the dollar slipped against the yen on views the Bank of Japan may not ease policy as much as expected. Crude oil prices are still a focus in the marketplace to start this holiday-shortened trading week. Nymex crude oil futures were weaker Monday and dropped to a nearly seven-year low overnight. Brent crude oil prices overnight hit an 11-year low. The Dollar steadied against the Euro on Tuesday after dipping against the common currency on an inconclusive Spanish election result, while traders looked to U.S. data later in the day for direction. Markets will look for trading catalysts from U.S. data, including revised third quarter GDP and housing price indicators, due later in the day. Holdings of SPDR Trust rose 2.98% to MT on Friday from Thursday, while that of ishares Trust fell 0.44% during the same period. COMEX Trust (IAU) Total MT in Trust: MT: No change from yesterday s data. Trust (SLV) Total MT in Trust: 10, MT: MT change from yesterday s data. Indian and ends firm, tracking weak overseas prices on Monday. spot rate in India was quoted at Rs. 25,590/10 Grams for 24 carat purity, while spot rate was quoted at Rs. 34,035/Kg. 3

4 Exchange deliverable stock position of and at MCX approved warehouses Commodity 18-Dec Dec ,951 16,951 Quantity Delivered in Kgs in December 2015 on MCX platform Commodity Total ,860 LBMA AM and PM Fix Date AM PM 21-Dec Dec Commitment of Traders - 12/8/ /15/2015 Non-Commercial Commercial Non-Reportable Weekly Weekly Weekly Position Position Position Change Change Change Futures 13,656-5,967-8,266 5,731-5, and Options 20,313-4,184-15,769 3,775-4, and Options - Disaggregated NaN NaN NaN NaN NaN NaN Futures 15,577-5,683-23,542 7,485 7,965-1,802 and Options 14,268-5,815-22,608 7,511 8,339-1,696 and Options - Disaggregated NaN NaN NaN NaN NaN NaN 4

5 COMEX February (1077.3) MCX February (25385) Trade Recommendations None. OUTLOOK could trade range bound to firm. Weak US Dollar could also support upside. Investors will cues from US GDP data due today. Support is at and Resistance is at and MCX could remain range bound to firm, tracking firm overseas prices. Stronger Rupee could keep upside limited. Support is at and Resistance is at and

6 COMEX March (14.25) MCX March (34301) Trade Recommendations None. OUTLOOK Comex could trade range bound to firm. Weak US Dollar could also support upside. Support is at and Resistance is at and MCX could remain range bound to firm, tracking firm overseas prices. Stronger Rupee could keep upside limited. Support is at Resistance remains at A break above could push prices to levels. 6

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