-- Published: Thursday, 30 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1244.50 | -$8.50 |
Silver | $18.12 | -$0.10 |
XAU | 83.27 | -0.99% |
HUI | 196.42 | -1.73% |
GDM | 628.95 | -1.37% |
JSE Gold | 1330.41 | -46.32 |
USD | 100.52 | +0.62 |
Euro | 106.84 | -0.86 |
Yen | 89.46 | -0.61 |
Oil | $50.35 | +$0.84 |
10-Year | 2.420% | +0.038 |
T-Bond | 150.4375 | -0.78125 |
Dow | 20728.49 | +0.33% |
Nasdaq | 5914.34 | +0.28% |
S&P | 2368.06 | +0.29% |
The Metals:
Gold drifted lower throughout most of word trade and ended near its late session low of $1243.20 with a loss of 0.68%. Silver dropped down to $18.053 at about 9AM EST before it bounced back to $18.281 in late morning trade, but it then fell back off into the close and ended with a loss of 0.55%.
Euro gold rose to about €1065, platinum lost $4 to $947, and copper remained at about $2.69.
Gold and silver equities fell a little over 1% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/25 | 258K | 245K | 261K |
GDP | Q4 | 2.1% | 2.0% | 1.9% |
GDP Deflator | Q4 | 2.0% | 2.0% | 2.0% |
CBO says U.S. debt to reach 150 percent of GDP in 30 years Reuters
Tomorrow brings Personal Income and Spending, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained almost 2% “after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.”
The U.S. dollar index rose and treasuries fell on better than expected GDP data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Samsung, Volkswagen, ConocoPhillips, First Solar, CIBC, TD, Lululemon, BlackRock, Toyota, and Valeant.
GATA Posts:
Founder of Germany's 'Repatriate Our Gold' campaign has good chance for parliament
Persson and Manly: What sets the gold price -- the paper market or the physical one?
The Statistics:
As of close of business: 3/29/2017
Gold Warehouse Stocks: | 9,013,568.285 | +37,122.20 |
Silver Warehouse Stocks: | 189,983,830.565 | -1,418,377.213 |
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 | 833.508 | 26,798,117 | US$33,455m |
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$5,548m |
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$6,129m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$446m |
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: 198.96: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,291.97: -85.41 change from yesterday’s data.
The Miners:
Golden Star’s (GSS) financing facility and Richmont’s (RIC) exploration update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +4.64% $13.31 |
2. Kinross | KGC +0.29% $3.48 |
3. Hecla | HL +0.19% $5.19 |
LOSERS
1. Exeter | XRA -7.30% $1.65 |
2. Seabridge | SA -7.20% $10.95 |
3. Almaden | AAU -4.91% $1.07 |
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, 30 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Climb With Dollar
