-- Published: Thursday, 1 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1170.70 | -$2.30 |
Silver | $16.50 | UNCH |
XAU | 79.31 | -0.71% |
HUI | 177.26 | -0.46% |
GDM | 574.06 | -0.81% |
JSE Gold | 1374.63 | -46.90 |
USD | 100.92 | -0.59 |
Euro | 106.60 | +0.66 |
Yen | 87.66 | +0.28 |
Oil | $51.06 | +$1.62 |
10-Year | 2.441% | +0.073 |
T-Bond | 150.78125 | -1.875 |
Dow | 19191.93 | +0.36% |
Nasdaq | 5251.11 | -1.36% |
S&P | 2191.08 | -0.35% |
The Metals:
Gold fell $11.80 to $1161.20 in midmorning New York trade before it rose to see slight gains by midafternoon, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.25 and ended unchanged on the day.
Euro gold fell to about €1098, platinum gained $5 to $912, and copper remained at about $2.62.
Gold and silver equities saw over 2% losses throughout the morning, but they then chopped back higher in early afternoon trade and ended only slightly lower on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/26 | 268K | 253K | 251K |
Construction Spending | Oct | 0.5% | 0.6% | 0.0% |
ISM Index | Nov | 53.2 | 52.1 | 51.9 |
Fed may face unnerving shake-up under Trump administration Reuters
Mortgage rates climb even higher MarketWatch
Tomorrow brings November’s jobs data.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 3% more in continued reaction to OPEC’s agreement to cut production.
The U.S. dollar index fell along with treasuries ahead of tomorrow’s jobs data.
The Dow, Nasdaq, and S&P traded mostly lower on concerns over Trump’s trade policy.
Among the big names making news in the market today were Parker-Hannifin, RBS, Glencore, GM, Ford, Toyota, and Dollar General.
GATA Posts:
China tightens gold import quotas to curb dollar outflow
Michael Oliver suspects, Paul Roberts denounces gold market rigging
The Statistics:
As of close of business: 11/30/2016
Gold Warehouse Stocks: | 10,002,912.629 | - |
Silver Warehouse Stocks: | 178,616,332.230 | -324,601.41 |
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 | 883.858 | 28,416,915 | US$33,004m |
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$5,185m |
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$5,728m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$420m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.186 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.39: -0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,766.50: No change from yesterday’s data.
The Miners:
Great Panther’s (GPL) temporary processing halt and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD | DRD +4.88% $4.73 |
2. Seabridge | SA +4.84% $9.75 |
3. McEwen | MUX +3.89% $2.94 |
LOSERS
1. Avino | ASM -5.04% $1.32 |
2. Alamos | AGI -4.07% $6.13 |
3. Paramount | PZG -3.09% $1.57 |
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, 1 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Ends Slightly Lower Before Jobs Day 
