-- Published: Thursday, 2 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1235.00 | -$14.90 |
Silver | $17.75 | -$0.65 |
XAU | 80.96 | -4.79% |
HUI | 188.33 | -4.41% |
GDM | 613.13 | -4.15% |
JSE Gold | 1303.28 | +10.27 |
USD | 102.16 | +0.41 |
Euro | 105.07 | -0.40 |
Yen | 87.44 | -0.53 |
Oil | $52.61 | -$1.22 |
10-Year | 2.483% | +0.029 |
T-Bond | 150.3125 | -0.375 |
Dow | 21002.97 | -0.53% |
Nasdaq | 5861.22 | -0.73% |
S&P | 2381.92 | -0.59% |
The Metals:
Gold fell $18.70 to $1231.20 in midafternoon New York trade before it bounced back higher in the last 90 minutes of the day, but it still ended with a loss of 1.19%. Silver slipped to as low as $17.711 and ended with a loss of 3.53%.
Euro gold dropped to about €1175, platinum lost $27.30 to $985, and copper fell 5 cents to about $2.68.
Gold and silver equities fell roughly 4% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 2/25 | 223K | 244K | 242K |
Fed’s Brainard Says Interest-Rate Hike Likely Appropriate ‘Soon’ Bloomberg
Fed's Powell says case for March hike 'has come together' MarketWatch
Tomorrow brings ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 2% after Russia reported output levels that did not align with pledged cuts that other produces have widely complied with.
The U.S. dollar index rose and treasuries fell after this morning’s jobs data strengthened the case for an interest rate hike by the fed.
The Dow, Nasdaq, and S&P dropped nearly 1% on profit taking.
Among the big names making news in the market today were Caterpillar, Barnes & Noble, Wells Fargo, and Snap.
GATA Posts:
India's February gold imports surge on pent-up demand, GFMS says
The Statistics:
As of close of business: 3/1/2017
Gold Warehouse Stocks: | 8,943,435.998 | - |
Silver Warehouse Stocks: | 186,703,702.349 | - |
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 | 843.538 | 27,120,599 | US$33,567m |
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$5,493m |
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$6,071m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
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 2.369 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.24: +0.42 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,428.42: No change from yesterday’s data.
The Miners:
Royal Gold’s (RGLD) dividend, Banro’s (BAA) kidnapped workers, Endeavour Silver’s (EXK) 2016 results, and SilverCrest’s (SIL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
No “Winners” today.
LOSERS
1. Endeavour Silver | EXK -24.83% $3.30 |
2. Fortuna | FSM-10.75% $5.15 |
3. Alexco | AXU -10.18% $1.50 |
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 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks
