-- Published: Thursday, 5 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1181.20 | +$17.70 |
Silver | $16.62 | +$0.19 |
XAU | 87.93 | +5.45% |
HUI | 204.29 | +6.25% |
GDM | 644.02 | +5.68% |
JSE Gold | 1427.31 | +50.92 |
USD | 101.47 | -1.08 |
Euro | 106.00 | +1.15 |
Yen | 86.55 | +1.25 |
Oil | $53.76 | +$0.50 |
10-Year | 2.368% | -0.084 |
T-Bond | 152.71875 | +2.03125 |
Dow | 19899.29 | -0.21% |
Nasdaq | 5487.94 | +0.20% |
S&P | 2269.00 | -0.08% |
The Metals:
Gold gained $15.41 to $1178.91 in Asia before it pared back to $1170.62 in London, but it then rose to a new session high of $1184.82 in New York and ended with a gain of 1.52%. Silver rose to as high as $16.709 and ended with a gain of 1.16%.
Euro gold rose to about €1114, platinum gained $27 to $966, and copper fell a couple of cents to about $2.53.
Gold and silver equities rose roughly 6% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Dec | 153K | 170K | 215K |
Initial Claims | 12/31 | 235K | 265K | 263K |
ISM Services | Dec | 57.2 | 56.6 | 57.2 |
Tomorrow brings December’s jobs data, the Trade Balance, and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains but still ended almost 1% higher after the Energy Information Administration reported that crude inventories fell 7.1 million barrels, gasoline inventories rose 8.3 million barrels, and distillates rose 10.1 million barrels.
The U.S. dollar index fell markedly and treasuries rose as the Dow and S&P dropped on uncertainty about President-elect Donald Trump’s plans to boost government spending.
Among the big names making news in the market today were and Macy's, Kohl's, Sears, SoftBank, Deutsche Bank, Constellation Brands, and Wal-Mart.
GATA Posts:
China's choices narrowing as it burns through FX reserves to support yuan
'Audit the Fed' bill gets new push under Trump
The Statistics:
As of close of business: 1/4/2017
Gold Warehouse Stocks: | 9,117,885.573 | -4,822.629 |
Silver Warehouse Stocks: | 181,730,298.991 | -172,738.93 |
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 | 813.871 | 26,166,777 | US$30,778m |
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$5,250m |
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$5,804m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$424m |
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: 196.61: +0.41 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,612.51: -4.61 change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) permits, Jaguar’s (JAG.TO) recommissioning, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos Gold | AGI +14.13% $8.56 |
2. Coeur | CDE +13.31% $11.24 |
3. McEwen | MUX +11.64% $3.74 |
LOSERS
1. Freeport | FCX -1.42% $14.62 |
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, 5 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% More
