-- Published: Tuesday, 23 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1251.80 | -$8.50 |
Silver | $17.07 | -$0.07 |
XAU | 83.85 | -2.69% |
HUI | 194.06 | -3.04% |
GDM | 632.17 | -1.95% |
JSE Gold | 1486.38 | +11.00 |
USD | 97.37 | +0.39 |
Euro | 111.83 | -0.55 |
Yen | 89.44 | -0.45 |
Oil | $51.47 | +$0.34 |
10-Year | 2.287% | +0.035 |
T-Bond | 153.25 | -0.53125 |
Dow | 20937.91 | +0.21% |
Nasdaq | 6138.71 | +0.08% |
S&P | 2389.42 | +0.18% |
The Metals:
Gold waffled between $1263.80 and $1258.40 in Asia before it edged back up to $1263.10 at about 9:30AM EST, but it then dropped back off into the close and ended near its late session low of $1250.70 with a loss of 0.67%. Silver slipped to as low as $17.026 and ended with a loss of 0.41%.
Euro gold fell to about €1119, platinum lost $5 to $941, and copper remained at about $2.60.
Gold and silver equities fell roughly 2% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | April | 569K | 602K | 642K |
Kashkari adds to dovish caution on rate hikes at Fed Reuters
U.S. economy's pulse quickening slightly in May, Markit finds MarketWatch
Trump's new budget is only good for 1.9% growth rather than 3%, warns ex-OMB director CNBC
Tomorrow brings the FHFA Housing Price Index, Existing Home Sales, and FOMC Minutes.
The Markets:
Oil continued higher on expectations that OPEC will reach an agreement to extend production cuts for at least another six months.
The U.S. dollar index rose in afternoon trade and treasuries fell as the Dow, Nasdaq, and S&P pushed toward all-time highs on decent economic data and relative political calm.
Among the big names making news in the market today were Jaguar Land Rover, Sears, Xilinx, Cerus, Ford, and Noble Group.
GATA Posts:
Central banks face another failure like the London Gold Pool, Turk tells KWN
The Statistics:
As of close of business: 5/22/2017
Gold Warehouse Stocks: | 8,760,909.982 | - |
Silver Warehouse Stocks: | 200,625,867.571 | -39,940.87 |
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 | 852.483 | 27,408,178 | US$34,531m |
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$5,594m |
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$6,166m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.33 | 1,103,784 | US$1,390m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.776 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,693.85: No change from yesterday’s data.
The Miners:
WINNERS
1. Americas Silver | USAS +3.46% $2.99 |
2. Taseko | TGB +2.33% $1.32 |
3. Freeport | FCX +0.42% $11.88 |
LOSERS
1. Alio Gold | ALO -11.76% $4.50 |
2. Gold Standard | GSV -9.88% $1.55 |
3. Silvercorp | SVM -7.84% $2.94 |
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, 23 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower As Dollar Bounces Higher
