-- Published: Monday, 6 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1234.70 | +$15.70 |
Silver | $17.73 | +$0.27 |
XAU | 96.19 | +3.51% |
HUI | 219.92 | +3.68% |
GDM | 705.26 | +3.43% |
JSE Gold | 1546.31 | +16.13 |
USD | 99.87 | +0.11 |
Euro | 107.54 | -0.31 |
Yen | 89.55 | +0.73 |
Oil | $53.01 | -$0.82 |
10-Year | 2.413% | -0.078 |
T-Bond | 151.4375 | +1.40625 |
Dow | 20052.42 | -0.09% |
Nasdaq | 5663.55 | -0.06% |
S&P | 2292.56 | -0.21% |
The Metals:
Gold gained $5.98 to $1224.98 in early Asian trade and rose to as high as $1230.08 in London before it pared back in midmorning New York trade, but it then rallied back higher again into the close and ended near its late session high of $1235.52 with a gain of 1.29%. Silver rose to as high as $17.748 and ended with a gain of 1.55%.
Euro gold rose to about €1148, platinum gained $9 to $1010, and copper climbed 3 cents to about $2.65.
Gold and silver equities rose over 1% at the open before they fell back towards unchanged in the next 20 minutes of trade, but they rallied back higher for most of the rest of the day and ended with about 3.5% gains.
The Economy:
Goldman Sachs Economists Are Starting to Worry About President Trump Bloomberg
Trump and trade: U.S. deficits back in limelight MarketWatch
Fed's U.S. employment yardstick rebounds in January MarketWatch
Tomorrow brings the Trade Balance and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 1.5% on oversupply concerns.
The U.S. dollar index ended modestly higher as the euro dropped after “European Central Bank President Mario Draghi said that despite signs of improving economic conditions, the region’s economy was not yet strong enough to withdraw stimulus.”
Treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped on worries about “the timing and scope of promised pro-growth policies from the Trump administration.”
Among the big names making news in the market today were Deutsche Bank, Tiffany, Facebook, Google, Tyson Foods, and Hasbro.
GATA Posts:
Deutsche Bank purchases ads to apologize for 'serious errors'
China stocked up on Swiss gold as turbulent year came to a close
London gold traders to open vaults in transparency push
U.K.-based class action planned against worldwide gold and silver rigging
The Statistics:
As of close of business: 2/3/2017
Gold Warehouse Stocks: | 8,947,666.820 | +935.67 |
Silver Warehouse Stocks: | 180,234,149.767 | +1,224,471.86 |
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 | 814.505 | 26,187,147 | US$31,822m |
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$5,457m |
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$6,034m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
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 3.287 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.91: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) fourth quarter results, B2Gold’s (BTG) 2016 production results, and Hecla’s (HL) fourth quarter results release date were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +13.45% $12.40 |
2. Gold Resource | GORO +9.50% $6.11 |
3. NovaGold | NG +9.38% $5.95 |
LOSERS
1. New Gold | NGD -1.03% $2.88 |
2. Nevsun | NSU -0.96% $3.08 |
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: Monday, 6 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% While Stocks and Oil Drop – Miners Shine
