Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% and 3% on the Week
By: Chris Mullen, Gold-Seeker.com
-- Published: Friday, 26 May 2017 | Print | Disqus
Please Note: US markets are closed on Monday in observance of Memorial Day.
Close
Gain/Loss
On Week
Gold
$1267.00
+$10.90
+0.96%
Silver
$17.32
+$0.16
+2.85%
XAU
84.65
+0.69%
-0.60%
HUI
194.72
+0.45%
-1.21%
GDM
635.96
+0.67%
-0.29%
JSE Gold
1387.39
+9.40
-4.65%
USD
97.46
+0.26
+0.35%
Euro
111.71
-0.39
-0.30%
Yen
89.86
+0.42
-0.04%
Oil
$49.80
+$0.90
-1.05%
10-Year
2.250%
-0.004
+0.76%
Bond
154.03125
+0.1875
UNCH
Dow
21080.28
-0.01%
+1.32%
Nasdaq
6210.19
+0.08%
+2.08%
S&P
2415.82
+0.03%
+1.43%
The Metals:
Gold climbed higher throughout most of world trade and ended near its late session high of $1269.50 with a gain of 0.87%.Silver rose to as high as $17.379 and ended with a gain of 0.93%.
Euro gold rose to about €1034, platinum gained $11 to $957, and copper fell a few cents to about $2.57.
Gold and silver equities rose roughly 1% at the open and remained near that level for the rest of the day.
Oil rose almost 2% on thoughts that yesterday’s nearly 5% drop was an overreaction.
The U.S. dollar index saw modest gains as the Pound fell “after a poll showed a narrowing lead for the ruling Conservatives before elections next month.”
Treasuries edged higher as the Dow, Nasdaq, and S&P held near unchanged on mixed economic data.
Among the big names making news in the market Friday were FrontFour, Fidelity, and UPS.
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
847.452
27,246,434
US$34,458m
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$5,628m
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$6,216m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$455m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
34.33
1,103,760
US$1,383m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,634.99: No change from yesterday’s data.
Acacia Mining’s (ACA.L) audit in Tanzania, Seabridge Gold’s (SA) claims transfer, First Majestic’s (AG) AGM results, and Silvercorp’s (SVM) dividend were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Silvercorp
SVM +6.94% $3.08
2.Northern Dynasty
NAK +4.22% $1.73
3.Gold Standard
GSV +3.73% $1.67
LOSERS
1.Alio Gold
ALO -4.94% $4.62
2.Eldorado
EGO -2.33% $3.35
3.Richmont
RIC -2.08% $7.05
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% and 3% on the Week
