-- Published: Tuesday, 25 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1263.80 | -$12.30 |
Silver | $17.63 | -$0.29 |
XAU | 82.38 | -3.58% |
HUI | 191.39 | -4.76% |
GDM | 621.49 | -3.86% |
JSE Gold | 1387.51 | -40.55 |
USD | 98.78 | -0.25 |
Euro | 109.37 | +0.67 |
Yen | 90.02 | -1.11 |
Oil | $49.56 | +$0.33 |
10-Year | 2.334% | +0.061 |
T-Bond | 152.03125 | -1.40625 |
Dow | 20996.12 | +1.12% |
Nasdaq | 6025.49 | +0.70% |
S&P | 2388.61 | +0.61% |
The Metals:
Gold fell $14.10 to $1262.00 in early afternoon New York trade before it bounced back higher at times, but it still ended with a loss of 0.96%. Silver slipped to as low as $17.566 and ended with a loss of 1.62%.
Euro gold fell to about €1155, platinum lost $6 to $953, and copper climbed a couple of cents to about $2.59.
Gold and silver equities dropped as much as 5% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller Home Price Index | Feb | 5.9% | 2.8% | 5.7% |
FHFA Housing Price Index | Feb | 0.8% | 0.2% | 0.2% |
New Home Sales | Mar | 621K | 584K | 587K |
Consumer Confidence | Apr | 120.3 | 123.0 | 124.9 |
Tomorrow brings MBA Mortgage Applications.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained almost 1% on hopes that OPEC can stabilize the market.
The U.S. dollar index fell again as the euro continued to rise in reaction to France’s first round of presidential elections.
Treasuries saw notable losses as the Dow, Nasdaq, and S&P climbed as much as 1% on strong earnings reports and hopes for tax reform.
Among the big names making news in the market today were Wells Fargo, DuPont, Dole Food, Tyson Foods, Eli Lilly, McDonald's, Gannett, Caterpillar, Coca-Cola, and 3M.
GATA Posts:
French election results just an excuse to kick gold, Embry tells KWN
The Statistics:
As of close of business: 4/24/2017
Gold Warehouse Stocks: | 8,954,505.478 | +2,400.52 |
Silver Warehouse Stocks: | 196,887,264.985 | +1,381,869.34 |
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 | 860.171 | 27,655,345 | US$35,052m |
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$5,627m |
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$6,219m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
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 1.481 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,119.87: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) work in Mali, Freeport’s (FCX) first quarter results, Timmins Gold’s (TGD) management changes, Barrick’s (ABX) first quarter results, Pan America’s (PAAS) plans to acquire a project in Argentina, and Avino’s (ASM) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX+7.11% $13.10 |
2. Taseko | TGB +3.57% $1.16 |
3. Americas Silver | USAS +1.01% $2.99 |
LOSERS
1. Barrick | ABX-11.29% $16.89 |
2. Almaden | AAU -8.23% $1.45 |
3. Yamana | AUY -7.09% $2.75 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 25 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 1% and 2%
