-- Published: Friday, 24 March 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1247.90 | +$1.70 | +1.55% |
Silver | $17.74 | +$0.16 | +2.07% |
XAU | 83.99 | -0.55% | +1.74% |
HUI | 199.26 | -0.38% | +1.94% |
GDM | 637.92 | -0.46% | +1.23% |
JSE Gold | 1318.48 | +10.53 | +0.80% |
USD | 99.76 | +0.01 | -0.54% |
Euro | 108.01 | +0.13 | +0.61% |
Yen | 89.93 | -0.17 | +1.35% |
Oil | $47.97 | +$0.27 | -1.66% |
10-Year | 2.416% | UNCH | -3.36% |
Bond | 151.96875 | +0.6875 | +2.36% |
Dow | 20596.72 | -0.29% | -1.52% |
Nasdaq | 5828.74 | +0.19% | -1.22% |
S&P | 2343.98 | -0.08% | -1.44% |
The Metals:
Gold fell $5.20 to $1241.00 in Asia, but it then chopped back higher for most of the rest of trade and ended near its late session high of $1251.80 with a gain of 0.14%. Silver rose to as high as $17.776 and ended with a gain of 0.91%.
Euro gold remained at about €1156, platinum gained $1 to $960, and copper fell a penny to about $2.65.
Gold and silver equities saw slight losses for most of the day and ended marginally lower.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods Orders | Feb | 1.7% | 1.3% | 2.3% |
Durable Goods -ex trans. | Feb | 0.4% | 0.7% | 0.2% |
Fed's Bullard says he's okay with another rate hike this year Reuters
Mnuchin says U.S. growth prospects not fully reflected in markets Reuters
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Confidence on Tuesday, Pending Home Sales on Wednesday, Initial Jobless Claims and GDP on Thursday, and Personal Income and Spending, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil cut into this week’s earlier losses after a Saudi energy ministry official said “crude exports to the United States in March will fall by around 300,000 barrels per day from February.”
The U.S. dollar index held near unchanged and treasuries rose as the Dow, Nasdaq, and S&P erased morning gains to end mixed after Congress failed to come to a vote on Trump’s health care bill.
Among the big names making news in the market Friday were Credit Suisse, Alteryx, Finish Line, GameStop, Micron, and TransCanada.
GATA Posts:
Reviving South Africa's gold industry means getting mine workers off their knees
The Statistics:
Activity from: 3/23/2017
Gold Warehouse Stocks: | 8,905,820.930 | +999.98 |
Silver Warehouse Stocks: | 190,159,827.301 | -121,780.369 |
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 | 834.396 | 26,826,679 | US$33,458m |
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$5,542m |
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$6,128m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.72: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,342.04: No change from yesterday’s data.
The Miners:
WINNERS
1. Alexco | AXU +3.75% $1.66 |
2. Tahoe Resources | TAHO +3.10% $7.65 |
3. Nevsun | NSU +2.83% $2.54 |
LOSERS
1. Seabridge | SA -5.86% $12.05 |
2. Gold Standard | GSV -5.13% $2.59 |
3. Taseko | TGB -3.13% $1.24 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2017
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Friday, 24 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Roughly 2% on the Week
