-- Published: Tuesday, 31 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1212.10 | +$16.30 |
Silver | $17.55 | +$0.42 |
XAU | 91.76 | +3.07% |
HUI | 207.45 | +2.93% |
GDM | 664.89 | +2.90% |
JSE Gold | 1504.14 | +14.90 |
USD | 99.60 | -0.85 |
Euro | 107.96 | +1.03 |
Yen | 88.55 | +0.65 |
Oil | $52.81 | +$0.18 |
10-Year | 2.451% | -0.032 |
T-Bond | 150.8125 | +0.5625 |
Dow | 19864.09 | -0.54% |
Nasdaq | 5614.79 | +0.02% |
S&P | 2278.87 | -0.09% |
The Metals:
Gold gained $7.18 to $1202.98 in early Asian trade before it dropped back to $1196.33 at about 4AM EST, but it then rose to as high as $1215.31 by midmorning in New York and ended with a gain of 1.36%. Silver surged to as high as $17.609 and ended with a gain of 2.45%.
Euro gold rose to about €1123, platinum gained $4 to $991, and copper climbed 7 cents to about $2.73.
Gold and silver equities rose roughly 3% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Employment Cost Index | Q4 | 0.5% | 0.6% | 0.6% |
S&P Case Shiller Home Price Index | Nov | 5.3% | 5.0% | 5.1% |
Chicago PMI | Jan | 50.3 | 55.0 | 53.9 |
Consumer Confidence | Jan | 111.8 | 112.5 | 113.3 |
Fed likely to keep rates steady as it awaits Trump economic plan Reuters
Tomorrow brings ADP Employment, the ISM Index, Construction Spending, and a FOMC Rate Decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher as the U.S. dollar index dropped “after U.S. President Donald Trump commented on currency devaluation by other countries and his trade adviser remarked on the euro.”
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on continued concerns about Trump’s travel ban.
Among the big names making news in the market today were UPS, Exxon, Uber, Deutsche Bank, and Starbucks.
GATA Posts:
More hints that Trump's trade policy will focus on currency valuations
This gold fund looks to hedge against a strong dollar
The Statistics:
As of close of business: 1/30/2017
Gold Warehouse Stocks: | 8,986,318.241 | -7,963.144 |
Silver Warehouse Stocks: | 180,804,917.927 | +1,192,863.70 |
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 | 799.070 | 25,690,912 | US$31,147m |
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$5,381m |
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$5,955m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.90: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,444.47: No change from yesterday’s data.
The Miners:
Banro’s (BAA) support agreement, Richmont’s (RIC) updated Mineral Reserves and Resources, Pan American’s (PAAS) ticker symbol change, and Excellon’s (EXN.TO) optimization program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +10.81% $8.20 |
2. Avino | ASM +9.32% $1.76 |
3. Alexco | AXU +8.72% $1.87 |
LOSERS
1. New Gold | NGD -9.18% $2.67 |
2. Northern Dynasty | NAK -3.01% $2.90 |
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: Tuesday, 31 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%
