-- Published: Monday, 27 February 2017 | Print | Disqus
Gold waffled between $1258.40 and $1253.40 in Asia and traded mostly slightly lower in London before it jumped to as high as $1263.60 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.45%. Silver surged to as high as $18.481 before it also dropped back lower in late trade and ended with a loss of 0.65%.
Euro gold fell to about €1181, platinum gained $1 to $1024, and copper remained at about $2.68.
Gold and silver equities rose about 2% by late morning, but they then fell back off into the close and ended with roughly 5% losses.
Durable Goods -ex trans.
Pending Home Sales
Fed may need to raise interest rates in 'near future': Kaplan Reuters
Odds of March Fed interest-rate hike spike above 50% MarketWatch
Trump says budget will call for ‘historic increase’ in defense spending MarketWatch
Tomorrow brings GDP, Chicago PMI, and Consumer Confidence.
Charts Courtesy of http://finance.yahoo.com/
“Oil prices ended little changed on Monday as the prospect for U.S. crude production to continue growing offset reports of high compliance to the OPEC production cut agreement and record bullish bets that prices would rise further.”
The U.S. dollar index pared morning losses and treasuries fell on more Fedspeak that increased the chances the fed will hike interest rates next month.
The Dow, Nasdaq, and S&P held near unchanged ahead of Trump’s address before a joint session of Congress tomorrow.
Among the big names making news in the market today were Deutsche Bank, Apple, Shutterstock, and Tesla.
Cashin tells KWN he's worried about central bank interference in the markets
Royal Canadian Mint struggles to make money, documents show
Ralph Benko: Trump should make a beachhead for gold at the Fed
As of close of business: 2/24/2017
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,428.42: No change from yesterday’s data.
Gold Resource’s (GORO) dividend, Nevsun’s (NSU) drill results, Turquoise Hill’s (TRQ) CFO retirement, Golden Star’s (GSS) updated Mineral Reserve and Mineral Resource estimates, Primero’s (PPP) loan refinancing, Impact Silver’s (IPT.V) naming to the 2017 TSX Venture 50, Taseko’s (TGB) silver stream sale, and Fortuna’s (FSM) updated Mineral Reserve and Mineral Resource estimates were among the big stories in the gold and silver mining industry making headlines today.
1. Northern Dynasty
NAK +1.94% $1.58
FCX +0.15% $13.27
2. Great Panther
GPL -10.95% $1.87
RIC -10.40% $7.75
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, 27 February 2017 | E-Mail | Print | Source: GoldSeek.com