-- Published: Tuesday, 28 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1250.40 | -$4.90 |
Silver | $18.13 | +$0.03 |
XAU | 83.42 | -2.24% |
HUI | 197.51 | -3.10% |
GDM | 634.94 | -2.34% |
JSE Gold | 1379.84 | -14.98 |
USD | 99.69 | +0.49 |
Euro | 108.11 | -0.54 |
Yen | 90.00 | -0.36 |
Oil | $48.37 | +$0.64 |
10-Year | 2.416% | +0.040 |
T-Bond | 150.59375 | -0.875 |
Dow | 20701.50 | +0.73% |
Nasdaq | 5875.14 | +0.60% |
S&P | 2358.57 | +0.73% |
The Metals:
Gold fell $4.10 to $1251.20 in Asia before it bounced back to $1258.20 in midmorning New York trade, but it then fell to a new session low of $1247.70 in afternoon trade and ended with a loss of 0.39%. Silver rose to as high as $18.233 before it also fell back off, but it still ended with a gain of 0.17%.
Euro gold rose to about €1157, platinum lost $17 to $949, and copper climbed 4 cents to about $2.69.
Gold and silver equities fell over 2% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Feb | 0.4% | 0.2% | -0.2% |
International Trade in Goods | Feb | -$64.8B | -$66.1B | -$68.8B |
S&P Case-Shiller Home Price Index | Jan | 5.7% | 5.6% | 5.5% |
Consumer Confidence | Mar | 125.6 | 113.3 | 116.1 |
Fed should not jolt the economy, hikes should be gradual: Kaplan Reuters
Fed's Fischer Says Two More 2017 Rate Hikes Seem About Right Bloomberg
Tomorrow brings Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 1% on doubts over Libya’s ability to become a reliable producer.
The U.S. dollar index rose and treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were GM, Saudi Aramco, Ford, Tencent, Amazon, and Tesco.
GATA Posts:
Goldcorp and Barrick team up on Chile gold mine projects
The Statistics:
As of close of business: 3/27/2017
Gold Warehouse Stocks: | 8,973,809.785 | +68,824.755 |
Silver Warehouse Stocks: | 191,488,871.141 | +581,015.82 |
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 | 835.285 | 26,855,239 | US$33,754m |
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$5,580m |
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$6,162m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$450m |
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 2.665 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.72: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,342.04: No change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) annual report, Barrick’s (ABX) joint venture with Goldcorp (GG) in Chile, Kinross Gold’s (KGC) sale of its interest in Cerro Casale, Comstock’s (LODE) Certified Site accreditation, Randgold’s (GOLD) dividend, reserves and resources, and 2016 annual report, Goldcorp’s (GG) acquisition of Exeter (XRA), and Silver Bear (SBR.TO) financing changes were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Exeter | XRA +54.31% $1.79 |
2. Taseko | TGB +4.84% $1.30 |
3. Freeport | GCX +2.95% $12.57 |
LOSERS
1. Gold Standard | GSV -8.70% $2.31 |
2. Goldcorp | GG -6.92% $14.94 |
3. Richmont | RIC -6.16% $6.85 |
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: Tuesday, 28 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Bounce Back
