-- Published: Thursday, 2 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1215.30 | +$6.20 |
Silver | $17.47 | -$0.06 |
XAU | 93.11 | +1.48% |
HUI | 211.94 | +2.25% |
GDM | 678.43 | +1.99% |
JSE Gold | 1554.35 | +50.58 |
USD | 99.79 | +0.07 |
Euro | 107.63 | -0.06 |
Yen | 88.70 | +0.40 |
Oil | $53.54 | -$0.34 |
10-Year | 2.470% | -0.004 |
T-Bond | 150.375 | -0.0625 |
Dow | 19884.91 | -0.03% |
Nasdaq | 5636.20 | -0.11% |
S&P | 2280.85 | +0.06% |
The Metals:
Gold gained $16.24 to $1225.34 by a little before 9AM EST before it drifted back lower for most of the rest of trade, but it still ended with a gain of 0.51%. Silver climbed up to $17.727 before it fell all of the way back to $17.411 and then bounced back higher in late trade, but it still ended with a loss of 0.34%.
Euro gold rose to about €1129, platinum remained at $997, and copper fell a couple of cents to about $2.69.
Gold and silver equities rose roughly 2% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Productivity | Q4 | 1.3% | 1.0% | 3.5% |
Unit Labor Costs | Q4 | 1.7% | 1.9% | 0.2% |
Initial Claims | 1/28 | 246K | 250K | 260K |
Tomorrow brings January’s jobs data, Factory Orders, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower on continued concerns about rising US production.
The U.S. dollar index reversed early losses and ended slightly higher while treasuries erased morning gains as the Dow, Nasdaq, and S&P traded mixed in anticipation of tomorrow’s jobs report.
Among the big names making news in the market today were Nestle, Starbucks, Deutsche Bank, and Facebook.
GATA Posts:
Whom will Trump blast next over their currencies?
Trump devaluation claims raise fears of global currency war
The Statistics:
As of close of business: 2/1/2017
Gold Warehouse Stocks: | 8,928,158.283 | -44,206.25 |
Silver Warehouse Stocks: | 178,292,838.107 | -1,344,590.22 |
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 | 809.737 | 26,033,846 | US$31,325m |
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$5,406m |
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$5,979m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$436m |
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 added 10.667 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 200.40: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,414.99: -29.48 change from yesterday’s data.
The Miners:
B2Gold’s (BTG) audit results, Richmont’s (RIC) 2017 guidance, Gold Standard’s (GSV) exploration program, Excellon’s (EXN.TO) drill results, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +8.41% $1.16 |
2. Exeter | XRA +6.70% $1.04 |
3. Alamos | AGI +4.03% $8.01 |
LOSERS
1. B2Gold | BTG -2.84% $3.08 |
2. Sandstorm | SAND -2.44% $4.39 |
3. Northern Dynasty | NAK -2.30% $2.97 |
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, 2 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slips Before Jobs Day
