-- Published: Thursday, 6 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1251.70 | -$4.40 |
Silver | $18.23 | -$0.07 |
XAU | 86.28 | -0.08% |
HUI | 203.84 | -0.58% |
GDM | 653.28 | +0.03% |
JSE Gold | 1547.29 | +9.30 |
USD | 100.73 | +0.26 |
Euro | 106.42 | -0.23 |
Yen | 90.27 | -0.06 |
Oil | $51.70 | +$0.55 |
10-Year | 2.339% | UNCH |
T-Bond | 151.75 | +0.25 |
Dow | 20662.95 | +0.07% |
Nasdaq | 5878.95 | +0.25% |
S&P | 2357.49 | +0.19% |
The Metals:
Gold chopped down to $1250.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.35%. Silver slipped to as low as $18.162 and ended with a loss of 0.38%.
Euro gold remained at about €1176, platinum lost $4 to $953, and copper fell a couple of cents to about $2.68.
Gold and silver equities fell roughly 1% by late morning, but they then rallied back higher in afternoon trade and ended near unchanged on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/01 | 234K | 245K | 259K |
Mortgage rates fall for the third straight week, approach 2017's low MarketWatch
Traders Bet the Fed Will Slow Rate Hikes to Shrink Balance Sheet Bloomberg
Tomorrow brings March's jobs data, Wholesale Inventories, and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil reversed early losses and ended over 1% higher on uncertainty about what Trump may do about Syria and North Korea.
The U.S. dollar index rose as the euro fell “after European Central Bank President Mario Draghi tried to dispel speculation that the central bank would soon end its experiment with negative interest rates.”
Treasuries held near unchanged as the Dow, Nasdaq, and S&P pared early gains on unease about Trump’s talks with Chinese President Xi Jinping.
Among the big names making news in the market today were Constellation, Hooker Furniture, and GM.
GATA Posts:
China's Shandong Gold in $960 million deal for half of Barrick's Veladero mine
The Statistics:
As of close of business: 4/5/2017
Gold Warehouse Stocks: | 9,016,931.804 | +29,095.75 |
Silver Warehouse Stocks: | 189,794,118.372 | -1,419,838.208 |
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 | 836.765 | 26,902,831 | US$33,682m |
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$5,560m |
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$6,143m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
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: 199.81: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,237.66: -4.24 change from yesterday’s data.
The Miners:
Barrick’s (ABX) partnership with Shandong Gold Mining Co., Harmony’s (HMY) halted strike, and Tahoe Resource’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +4.65% $1.35 |
2. Tahoe Resources | TAHO +3.57% $8.41 |
3. Richmont | RIC +3.40% $7.60 |
LOSERS
1. Gold Resource | GORO-2.45% $4.38 |
2. Gold Standard | GSV -2.42% $2.02 |
3. Great Panther | GPL -2.40% $1.63 |
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: Thursday, 6 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower Before Jobs Data Tomorrow
