-- Published: Wednesday, 26 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1269.50 | +$5.70 |
Silver | $17.49 | -$0.14 |
XAU | 83.31 | +1.13% |
HUI | 192.38 | +0.52% |
GDM | 619.91 | -0.24% |
JSE Gold | 1372.72 | -14.79 |
USD | 99.94 | +0.16 |
Euro | 109.09 | -0.28 |
Yen | 90.03 | +0.01 |
Oil | $49.62 | +$0.06 |
10-Year | 2.302% | -0.032 |
T-Bond | 152.78125 | +0.375 |
Dow | 20975.09 | -0.10% |
Nasdaq | 6025.23 | -0.00% |
S&P | 2387.45 | -0.05% |
The Metals:
Gold waffled between $1266.40 and $1261.40 in Asia and London before it jumped up to $1266.80 in late morning New York trade and then pared back to $1260.40 in the next couple of hours, but it then jumped to a new session high of $1270.40 in the last minutes of trade and ended with a gain of 0.45%. Silver slipped to $17.33 before it also rallied back higher, but it still ended with a loss of 0.79%.
Euro gold rose to about €1164, platinum lost $5 to $948, and copper climbed a penny to about $2.60.
Gold and silver equities fell roughly 2% in early afternoon trade, but they then rallied back higher into the close and ended mostly higher on the day.
The Economy:
Congress moves closer to deal to avert government shutdown Reuters
Treasury's Mnuchin: Trump wants 15 percent corporate rate in 'biggest tax cut' in US history CNBC
Lowest mortgage rates since election push refinances up 7% CNBC
Here’s how much a Trump tax-plan letdown could whack the stock market MarketWatch
Tomorrow brings Durable Goods Orders, International Trade in Goods, Jobless Claims, and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned slightly higher after the Energy Information Administration reported that crude inventories fell 3.6 million barrels, gasoline inventories rose 3.4 million barrels, and distillates rose 2.7 million barrels.
The U.S. dollar index rose along with treasuries as the Dow, Nasdaq, and S&P traded mostly higher but ended lower on uncertainty about further details behind Trump’s tax plan.
Here's what was missing from Trump's tax plan that Wall Street really wanted CNBC
Trump proposes 15 percent business tax rate: White House summary Reuters
Among the big names making news in the market today were Express Scripts, Home Capital, PepsiCo, Credit Suisse, and Twitter.
GATA Posts:
China's net-gold imports via Hong Kong more than double in March
The Statistics:
As of close of business: 4/25/2017
Gold Warehouse Stocks: | 8,954,376.878 | -128.60 |
Silver Warehouse Stocks: | 197,830,940.119 | +943,675.134 |
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 | 854.250 | 27,464,998 | US$34,647m |
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$5,621m |
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$6,199m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$453m |
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 subtracted 5.921 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,181.70: +61.83 change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) operating update, Gold Resource’s (GORO) dividend, and Silver Standard’s (SSRI) acquisition of a 19.9% interest in AbraPlata were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +10.0% $1.65 |
2. Almaden | AAU +6.90% $1.55 |
3. Vista Gold | VGZ +5.75% $1.03 |
LOSERS
1. Sandstorm | SAND-9.90% $3.64 |
2. Gold Fields | GFI -3.68% $3.40 |
3. Great Panther | GPL -2.40% $1.22 |
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: Wednesday, 26 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slips
