-- Published: Wednesday, 8 February 2017 | Print | Disqus
Gold gained $11.80 to $1244.80 in midmorning New York trade before it drifted back lower in the next few hours, but it still ended with a gain of 0.61%. Silver rose to as high as $17.866 and ended with a gain of 0.34%.
Euro climbed to about €1161, platinum gained $10 to $1013, and copper climbed 3 cents to about $2.68.
Gold and silver equities rose roughly 1% at the open and remained near that level for the rest of the day.
Demand for Treasuries Is Now a ‘Made in the U.S.A.’ Phenomenon Bloomberg
Kashkari Says Economy Still Needs Low Rates as Inflation Lags Bloomberg
Tomorrow brings Initial Jobless Claims and Wholesale Inventories.
Charts Courtesy of http://finance.yahoo.com/
Oil reversed higher after the Energy Information Administration reported that crude inventories rose 13.8 million barrels, gasoline inventories surprisingly fell 900,000 barrels, and distillates were unchanged.
The U.S. dollar index dropped and treasuries rose on growing belief that uncertainty over Trump’s policies will prevent the fed from raising rates in March.
The Dow, Nasdaq, and S&P bounced back from morning losses and ended mixed on oil’s rebound.
Among the big names making news in the market today were Intel, Panera, Nordstrom, Rio Tinto, Time Warner, Disney, and Allergan.
Druckenmiller buys gold after reversing November stance
'The whole world is buying gold here,' Eric Sprott tells King World News
Gold miners burned by bad deals are again rushing to M&A
Ronan Manly: New gold futures contracts in London are open but no one trades them
U.S. government has only itself to blame for dollar strength, Bundesbank chief says
As of close of business: 2/7/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.295 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 200.30: +0.39 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
Goldcorp’s (GG) acquisition of a gold stream from New Gold (NGD), Eurasian’s (EMXX) progress update, Jaguar’s (JAG.TO) drill results, and Almaden’s (AAU) drill results were among the big stories in the gold and silver mining industry making headlines today.
1. New Gold
NGD +6.71% $3.02
2. Vista Gold
VGZ +6.70% $1.20
DRD +5.09% $6.40
AAU -3.60% $1.21
TGB -1.41% $1.40
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, 8 February 2017 | E-Mail | Print | Source: GoldSeek.com