-- Published: Friday, 10 March 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1204.40 | +$2.50 | -2.43% |
Silver | $17.04 | +$0.07 | -4.96% |
XAU | 79.80 | +2.71% | -2.85% |
HUI | 186.65 | +2.89% | -3.12% |
GDM | 602.90 | +2.32% | -2.57% |
JSE Gold | 1188.26 | -28.89 | -6.71% |
USD | 101.28 | -0.66 | -0.10% |
Euro | 106.89 | +1.06 | +0.62% |
Yen | 87.16 | +0.14 | -0.62% |
Oil | $48.49 | -$0.79 | -9.08% |
10-Year | 2.578% | -0.020 | +3.87% |
Bond | 146.84375 | +0.3125 | -2.57% |
Dow | 20902.98 | +0.21% | -0.49% |
Nasdaq | 5861.73 | +0.39% | -0.15% |
S&P | 2372.60 | +0.33% | -0.44% |
The Metals:
Gold fell $6.90 to $1195.00 in Asia before it jumped up to $1206.30 at about 9AM EST and then drifted back below $1200 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.21%. Silver rose to as high as $17.079 and ended with a gain of 0.41%.
Euro gold fell to about €1127, platinum gained $6 to $938, and copper climbed a couple of cents to about $2.60.
Gold and silver equities saw steady gains in afternoon trade and ended almost 3% higher on the day.
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The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Feb | 235K | 188K | 238K |
Unemployment Rate | Feb | 4.7% | 4.7% | 4.8% |
Hourly Earnings | Feb | 0.2% | 0.2% | 0.2% |
Average Workweek | Feb | 34.4 | 34.4 | 34.4 |
Treasury Budget | Feb | -$192.0B | - | -$192.6B |
The BLS net birth/death adjustment added 124,000 payrolls to February’s data. Private Payrolls rose 227,000.
Traders keep bets on three Fed rate hikes in 2017 Reuters
All of this week’s other economic reports:
Next week’s economic highlights include PPI on Tuesday, CPI, Retail Sales, Empire Manufacturing, Business Inventories, the NAHB Housing Market Index, a FOMC Rate Decision, and Net Long-Term TIC Flows on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and Industrial Production, Capacity Utilization, Leading Indicators, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 2% more on continued concerns about a supply glut.
The U.S. dollar index dropped as the euro climbed higher on talk of an interest rate increase by the ECB.
Treasuries rose along with the Dow, Nasdaq, and S&P after today’s jobs data did not alter expectations for a fed interest rate hike next week.
Among the big names making news in the market Friday were Volkswagen, Facebook, Southwest, and Airbnb.
GATA Posts:
Indian government mobilizes 6.4 tonnes of gold under paperization scheme
GoldSeek Radio interviews GATA Chairman Bill Murphy
The Statistics:
Activity from: 3/9/2017
Gold Warehouse Stocks: | 8,893,365.207 | -399.015 |
Silver Warehouse Stocks: | 186,736,838.140 | -596,972.46 |
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 | 834.101 | 26,817,167 | US$32,248m |
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$5,325m |
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$5,889m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
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 subtracted 2.665 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.22: -0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,268.39: -35.35 change from yesterday’s data.
The Miners:
New Gold’s (NGD) closed financing and Gold Fields’ (GFI) likely drop in output at South Deep were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Endeavour Silver | EXK +9.86% $3.12 |
2. Gold Resource | GORO +9.31% $4.58 |
3. New Gold | NGD +7.81% $2.90 |
LOSERS
1. Tahoe Resource | TAHO-7.55% $7.35 |
2. Northern Dynasty | NAK -3.25% $1.19 |
3. Paramount | PZG -0.60% $1.65 |
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, 10 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% and 5% on the Week
