-- Published: Tuesday, 24 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1209.90 | -$5.40 |
Silver | $17.11 | -$0.07 |
XAU | 91.91 | +0.72% |
HUI | 209.49 | +0.18% |
GDM | 665.26 | +0.38% |
JSE Gold | 1518.90 | +22.81 |
USD | 100.28 | +0.07 |
Euro | 107.32 | -0.33 |
Yen | 87.86 | -0.85 |
Oil | $53.18 | +$0.43 |
10-Year | 2.471% | +0.068 |
T-Bond | 150.90625 | -1.09375 |
Dow | 19912.71 | +0.57% |
Nasdaq | 5600.96 | +0.86% |
S&P | 2280.07 | +0.66% |
The Metals:
Gold saw slight gains in Asia before it fell back to $1211.64 in London and then jumped up to $1217.62 in midmorning New York trade, but it then fell back off into the close and ended near its late session low of $1206.68 with a loss of 0.44%. Silver slipped to as low as $17.038 and ended with a loss of 0.41%.
Euro gold fell to about €1127, platinum gained $16 to $992, and copper climbed 6 cents to about $2.70.
Gold and silver equities rose roughly 2% in the first half hour of trade before they drifted back lower for most of the rest of trade, but they still ended with modest gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Dec | 5.49M | 5.55M | 5.65M |
Inside the Mind of Mnuchin: Too-Strong Dollar May Hurt Economy Bloomberg
Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017 Bloomberg
CBO cuts 2017 budget deficit estimate by $35 billion MarketWatch
Tomorrow brings the FHFA Housing Price Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 1% on signs that output cuts are taking place.
The U.S. dollar index edged higher in mixed trade and treasuries fell as the Dow, Nasdaq, and S&P climbed to new record highs on strong earnings reports.
Among the big names making news in the market today were Travelers, BT Group, DuPont, Verizon, Alibaba, GE, and IBM.
GATA Posts:
Mining firms see little appeal in Egypt's gold exploration terms
Russia expected to sell gold deposit cheap amid sanctions, sources say
Central banks embrace risk buying stocks and bonds in era of low rates
Trump's nominee for Treasury backs off support for strong dollar
Northern Dynasty says it has Trump administration's support, seeks new partner
The Statistics:
As of close of business: 1/23/2017
Gold Warehouse Stocks: | 8,975,987.686 | - |
Silver Warehouse Stocks: | 181,613,671.153 | +1,161,893.559 |
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 | 804.108 | 25,852,865 | US$31,450m |
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$5,382m |
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$5,950m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
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 5.037 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.75: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,494.58: -29.48 change from yesterday’s data.
The Miners:
WINNERS
1. Northern Dynasty | NAK +12.16% $3.32 |
2. Taseko | TGB +10.24% $1.40 |
3. Freeport | FCX +8.27% $17.02 |
LOSERS
1. Fortuna | FSM -10.22% $6.15 |
2. New Gold | NGD -4.64% $4.11 |
3. Seabridge | SA -2.97% $9.80 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2017
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Tuesday, 24 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly While Stocks Climb To New Highs
