-- Published: Wednesday, 1 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1209.10 | -$3.00 |
Silver | $17.53 | -$0.02 |
XAU | 91.75 | -0.00% |
HUI | 207.28 | -0.08% |
GDM | 665.56 | +0.10% |
JSE Gold | 1503.77 | -0.37 |
USD | 99.72 | +0.12 |
Euro | 107.70 | -0.26 |
Yen | 88.32 | -0.28 |
Oil | $53.88 | +$1.07 |
10-Year | 2.474% | +0.023 |
T-Bond | 150.50 | -0.34375 |
Dow | 19890.94 | +0.14% |
Nasdaq | 5642.65 | +0.50% |
S&P | 2279.55 | +0.03% |
The Metals:
Gold fell $13.90 to $1198.20 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.25%. Silver slipped to as low as $17.361 and ended with a loss of 0.11%.
Euro gold remained at about €1123, platinum gained $6 to $997, and copper fell a couple of cents to about $2.71.
Gold and silver equities fell over 1% at the open and remained near that level for the rest of the morning, but they then jumped back higher in the last two hours of trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Jan | 246K | 165K | 151K |
ISM Index | Jan | 56.0 | 55.0 | 54.5 |
Construction Spending | Dec | -0.2% | 0.2% | 0.9% |
Fed holds steady, wanting more than just rising confidence MarketWatch
Trump's first housing move tanks mortgage applications 3.2% CNBC
Tomorrow brings Initial Jobless Claims, Productivity, and Unit Labor Costs.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose 2% after the Energy Information Administration reported that crude inventories rose 6.5 million barrels, gasoline inventories rose 3.9 million barrels, and distillates rose 1.6 million barrels.
The U.S. dollar index pared early gains and treasuries lessened their losses after the fed left rates unchanged and failed to indicate a raise is coming at their next meeting in March.
The Dow, Nasdaq, and S&P traded mostly slightly higher on decent earnings reports.
Among the big names making news in the market today were GE, Fiat Chrysler, Toyota, GM, VW, Tesla, and Apple.
GATA Posts:
Where are Russia's vast gold reserves hidden?
The Statistics:
As of close of business: 1/31/2017
Gold Warehouse Stocks: | 8,972,364.533 | -13,953.708 |
Silver Warehouse Stocks: | 179,637,428.327 | -1,167,489.60 |
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$30,912m |
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$5,348m |
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$5,916m |
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: 200.10: +1.20 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,444.47: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) resolved sit-in, Newmont’s (NEM) signing to the World Economic Forum’s (WEF) ‘Compact for Responsive and Responsible Leadership’, SEMAFO’s (SMF.TO) production results, Exeter’s (XRA) advisor appointment, Gold Resource’s (GORO) drill results, and Endeavour Silver’s (EXK) VP appointment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +10.37% $9.05 |
2. New Gold | NGD +6.74% $2.85 |
3. Almaden | AAU +4.90% $1.07 |
LOSERS
1. Taseko | TGB -3.40% $1.42 |
2. Tahoe Resources | TAHO -1.86% $8.97 |
3. Gold Standard | GSV -1.80% $2.73 |
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: Wednesday, 1 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
