-- Published: Friday, 20 January 2017 | Print | Disqus
Gold gained $4.26 to $1209.06 in Asia before it fell back to $1198.66 in London, but it then jumped up to $1214.79 in afternoon New York trade and ended with a gain of 0.23%. Silver rose to as high as $17.148 and ended with a gain of 0.41%.
Euro gold fell to about €1129, platinum gained $15.50 to $971.50, and copper remained at about $2.62.
Gold and silver equities rose over 1% by midmorning and remained near that level for the rest of the day.
Trumponomics may be wrong medicine for U.S. economy today Reuters
Fed likely to start shrinking balance sheet this year: Harker MarketWatch
Yellen Backs Gradual Rate Rises as Fed Not Behind the Curve Bloomberg
All of this week’s other economic reports:
NAHB Housing Market Index - January
67 v. 69
Next week’s economic highlights include Existing Home Sales on Tuesday, the FHFA Housing Price Index on Wednesday, Initial Jobless Claims, International Trade in Goods, Leading Indicators, and New Home Sales on Thursday, and GDP, Durable Goods Orders, and Michigan Sentiment on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil gained 2% “on expectations that this weekend's meeting of the world's top oil producers would demonstrate compliance to a global output cut deal.”
The U.S. dollar index fell as the euro continued higher after yesterday’s ECB decision to leave rates unchanged.
Treasuries edged lower as the Dow, Nasdaq, and S&P remained higher after Trump’s inauguration speech.
Among the big names making news in the market Friday were GE, AIG, and Mitsubishi.
GATA board member Ed Steer interviewed by financial letter writer Dennis Miller
Mnuchin says long-term strength of U.S. dollar is important
Activity from: 1/19/2017
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.75: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,524.06: No change from yesterday’s data.
1. Northern Dynasty
NAK +6.91% $2.63
2. Gold Standard
GSV +4.67% $2.24
EGO +3.59% $3.46
1. Great Panther
GPL -1.10% $1.80
NSU -0.31% $3.20
AU -0.25% $12.06
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: Friday, 20 January 2017 | E-Mail | Print | Source: GoldSeek.com