-- Published: Thursday, 18 May 2017 | Print | Disqus
Gold gained $6.10 $1264.80 in London, but it then drifted back lower in New York and ended near its late session low of $1246.60 with a loss of 0.78%. Silver slipped to as low as $16.442 and ended with a loss of 1.66%.
Euro gold fell to about 1124, platinum lost $12 to $930, and copper dropped a penny to about $2.53.
Gold and silver equities fell over 2% in the first half hour of trade and remained near that level for the rest of the day.
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Oil turned higher “after Algeria said a nine-month extension to OPEC’s production curbs would be backed by most participating countries.”
The U.S. dollar index cut into yesterday’s decline on mostly better than expected economic data.
Treasuries edged up on continued concerns about Trump’s agenda.
The Dow, Nasdaq, and S&P bounced back from yesterday’s notable losses.
Among the big names making news in the market today were Alibaba, Volvo, Ascena, Wal-Mart, Audi, Ralph Lauren, and GM.
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As of close of business: 5/17/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.29: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,649.70: No change from yesterday’s data.
Northern Dynasty (NAK) Advisory Committee, New Gold’s (NGD) closed offering, and Fortuna’s (FSM) exploration update were among the big stories in the gold and silver mining industry making headlines today.
1. Alio Gold
ALO +5.63% $4.69
NSU +3.51% $2.36
PZG +2.13% $1.58
SVM -7.06% $3.03
2. Pan American
3. New Gold
NGD -5.19% $2.92
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: Thursday, 18 May 2017 | E-Mail | Print | Source: GoldSeek.com