-- Published: Thursday, 17 November 2016 | Print | Disqus
Gold gained $6.17 to $1231.07 in London, but it then fell to as low as $1211.71 in late New York trade and ended with a loss of 0.53%. Silver slipped to as low as $16.587 and ended with a loss of 1.47%.
Euro gold remained at about €1147, platinum lost $10.50 to $930.50, and copper climbed a couple of cents to about $2.49.
Gold and silver equities fell over 2% by midafternoon and remained near that level into the close.
Yellen says Fed could raise interest rates 'relatively soon' Reuters
There are no major economic reports due out tomorrow.
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower as the U.S. dollar index rose and treasuries fell after fed chair Yellen “said the U.S. central bank is close to lifting interest rates as the economy continues to strengthen, and signaled her intention to remain at the helm until her term ends in January 2018.”
The Dow, Nasdaq, and S&P climbed higher on better than expected earnings and economic reports.
Among the big names making news in the market today were Cisco, Best Buy, Valeant, AOL, Wal-Mart, and JP Morgan.
Uncommon Wisdom Daily cites GATA in report on gold price suppression
As of close of business: 11/16/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)
SPDR® Gold Shares
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.186 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 210.12: -0.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,080.73: No change from yesterday’s data.
Barrick’s (ABX) debt tender offer and Coeur’s (CDE) completed offering were among the big stories in the gold and silver mining industry making headlines today.
1. Gold Standard
GSV +1.79% $2.28
RIC +1.49% $6.80
EMXX +0.98% $1.03
AXU -8.48% $1.51
2. Northern Dynasty
NAK -7.58% $1.22
AAU -5.04% $1.13
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 17 November 2016 | E-Mail | Print | Source: GoldSeek.com