-- Published: Wednesday, 30 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1173.00 | -$15.50 |
Silver | $16.50 | -$0.12 |
XAU | 79.88 | -1.24% |
HUI | 178.08 | -2.16% |
GDM | 578.80 | -1.98% |
JSE Gold | 1421.53 | +10.21 |
USD | 101.51 | +0.53 |
Euro | 105.97 | -0.56 |
Yen | 87.44 | -1.54 |
Oil | $49.44 | +$4.21 |
10-Year | 2.368% | +0.066 |
T-Bond | 152.34375 | -1.78125 |
Dow | 19123.58 | +0.01% |
Nasdaq | 5323.68 | -1.05% |
S&P | 2198.81 | -0.27% |
The Metals:
Gold fell $17.47 to $1171.03 in morning New York trade before it bounced back higher at times, but it still ended with a loss of 1.3%. Silver slipped to as low as $16.424 and ended with a loss of 0.72%.
Euro gold fell to about €1107, platinum lost $10 to $907, and copper climbed a couple of cents to about $2.62.
Gold and silver equities dropped about 2% in the first 15 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Nov | 216K | 160K | 119K |
Personal Income | Oct | 0.6% | 0.4% | 0.4% |
Personal Spending | Oct | 0.3% | 0.5% | 0.7% |
Core PCE Price Index | Oct | 0.1% | 0.1% | 0.1% |
Chicago PMI | Nov | 57.6 | 52.0 | 50.6 |
Pending Home Sales | Oct | 0.1% | 0.7% | 1.4% |
Fed Says U.S. Economy Continued to Expand Across Most Regions Bloomberg
Trump to tap ex-Goldman Sachs banker Steven Mnuchin as Treasury secretary MarketWatch
Trump to name Wilbur Ross as commerce secretary MarketWatch
Tomorrow brings Initial Jobless Claims, Construction Spending, and the ISM Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 9% higher after OPEC was surprisingly able to come to a deal to cut production.
The U.S. dollar index rose and treasuries fell on better than expected economic data that further strengthened the case for higher interest rates.
The Dow, Nasdaq, and S&P traded mixed as strength in energy was offset by weakness in tech and utilities.
Among the big names making news in the market today were Netflix, American Eagle, FedEx, Philip Morris, and RBS.
GATA Posts:
The world is feeling the might of China's commodity traders
For treasury secretary Trump picks former Goldman Sachs partner
The Statistics:
As of close of business: 11/29/2016
Gold Warehouse Stocks: | 10,002,912.629 | +16,363.49 |
Silver Warehouse Stocks: | 178,940,933.640 | +86,016.71 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
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 | 885.044 | 28,455,045 | US$33,511m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,214m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$5,762m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$421m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.84: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,766.50: No change from yesterday’s data.
The Miners:
Freeport’s (FCX) exchange offers and Santacruz Silver’s (SCZ.V) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +2.54% $15.35 |
2. Nevsun | NSU +2.22% $3.22 |
3. McEwen | MUX +1.80% $2.83 |
LOSERS
1. Richmont | RIC -6.57% $6.40 |
2. Gold Fields | GFI -4.36% $3.07 |
3. Newmont | NEM -3.31% $32.44 |
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: Wednesday, 30 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
