-- Published: Wednesday, 12 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1281.50 | +$8.90 |
Silver | $18.43 | +$0.15 |
XAU | 89.43 | +0.46% |
HUI | 213.25 | +1.06% |
GDM | 681.42 | +1.06% |
JSE Gold | 1610.02 | -13.30 |
USD | 100.25 | -0.49 |
Euro | 106.59 | +0.59 |
Yen | 91.60 | +0.45 |
Oil | $53.11 | -$0.29 |
10-Year | 2.266% | -0.037 |
T-Bond | 153.46875 | +0.50 |
Dow | 20591.86 | -0.29% |
Nasdaq | 5836.16 | -0.52% |
S&P | 2344.93 | -0.38% |
The Metals:
Gold saw slight gains in Asia and London and jumped up to $1277.90 by a little before 8:30AM EST before it dropped back to $1272.40 in the next hour of trade, but it then shot back higher into the close and ended near its late session high of $1283.60 with a gain of 0.7%. Silver rose to as high as $18.439 and ended with a gain of 0.82%.
Trump says Yellen is 'not toast' as he says dollar is getting too strong MarketWatch
Dollar Slides After Trump Tells WSJ It's ‘Getting Too Strong’ Bloomberg
Trump says dollar ‘getting too strong’: Wall Street Journal Reuters
Euro gold rose to about €1202, platinum gained $3.75 to $969, and copper fell 6 cents to about $2.57.
Gold and silver equities waffled near unchanged and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Import Prices | Mar | -0.2% | - | 0.4% |
Import Prices ex-oil | Mar | 0.2% | - | 0.4% |
Export Prices | Mar | 0.2% | - | 0.3% |
Export Prices ex-ag. | Mar | 0.2% | - | 0.3% |
Treasury Budget | Mar | -$176B | - | -$108B |
Trump says he has to do health bill before tackling tax reform MarketWatch
Refinancing share of U.S. mortgage activity smallest since 2008: MBA Reuters
Tomorrow brings Initial Jobless Claims, PPI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned lower after the Energy Information Administration reported that crude inventories fell 2.2 million barrels, gasoline inventories fell 3.0 million barrels, and distillates fell 2.2 million barrels.
The U.S. dollar index fell and treasuries rose again as the Dow, Nasdaq, and S&P continued lower on geopolitical uncertainty.
Among the big names making news in the market today were Daimler, Ferrari, Delta, BlackBerry, United Airlines, and Samsung.
GATA Posts:
London gold benchmark fixes $12/oz off spot price
India gold imports said to jump 582% on festival, wedding demand
CME Group to close CME Europe and CME Clearing Europe
The Statistics:
As of close of business: 4/11/2017
Gold Warehouse Stocks: | 8,970,234.653 | -11,721.496 |
Silver Warehouse Stocks: | 189,864,054.282 | -79,096.387 |
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 | 842.408 | 27,084,255 | US$34,509m |
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$5,663m |
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$6,259m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
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 4.145 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.67: +0.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: No change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) casualty, Banro’s (BAA) exploration update, Excellon’s (EXN.TO) director passing, and Silver Standard’s (SSRI) first quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +31.88% $1.82 |
2. Almaden | AAU +20.44% $1.65 |
3. IAMGOLD | IAG +3.64% $4.55 |
LOSERS
1. Taseko | TGB -6.15% $1.22 |
2. Freeport | FCX -5.43% $12.88 |
3. Turquoise | TRQ -3.28% $2.95 |
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: Wednesday, 12 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% While Dollar Drops on Trump Talk
