-- Published: Friday, 3 March 2017 | Print | Disqus
Gold fell $12 to $1223 in early afternoon New York trade before it jumped back to $1236.00 after Yellen raised the possibility of the fed keeping rates stable, but it then drifted back lower into the close and ended with a loss of 0.05%. Silver surged to as high as $17.972 and ended with a gain of 1%.
Euro gold fell to about €1163, platinum gained $10 to $995, and copper climbed a couple of cents to about $2.70.
Gold and silver equities traded roughly 1% lower for most of the morning, but they then climbed higher in afternoon trade and ended with about 1% gains.
Yellen says a March interest-rate hike is ‘likely appropriate’ MarketWatch
Fed's Fischer says policy rule alone won't drive best decisions Reuters
Fed's Lacker, citing mistakes of '60s, plugs preemptive rate hikes Reuters
Research undercuts Fed's two favorite U.S. inflation tools Reuters
All of this week’s other economic reports:
Next week’s economic highlights include Factory Orders on Monday, the Trade Balance and Consumer Credit on Tuesday, ADP Employment, Productivity, and Wholesale Inventories on Wednesday, Initial Jobless Claims and Import and Export Prices on Thursday, and February’s jobs data on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 1% on concerns about a disruption at a major Libyan oil terminal.
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P ended slightly higher in mixed trade “after Janet Yellen said the Federal Reserve has not fallen behind with its monetary policy even as she signaled rates were “likely” to rise at its March meeting.”
Among the big names making news in the market Friday were Perrigo, Daimler, Uber, and NBCUniversal and Snap.
Bill Holter: 115 million ounces -- not even close to possible
Activity from: 3/2/2017
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 1.777 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.65: +0.41 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,424.54: -3.88 change from yesterday’s data.
Sibanye Gold’s (SGLJ.J) takeover of Stillwater (SWC.N), IAMGOLD’s (IAG) senior notes offering, and Golden Arrow’s (GRG.V) shareholder update were among the big stories in the gold and silver mining industry making headlines Friday.
1. Americas Silver
USAS +6.99% $3.06
2. Gold Fields
GFI +6.23% $3.24
SA +5.29% $9.95
1. Vista Gold
VGZ -4.72% $1.01
2. Northern Dynasty
NAK -2.70% $1.44
EMX -1.96% $1.00
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: Friday, 3 March 2017 | E-Mail | Print | Source: GoldSeek.com