The Metals:

Gold saw slight losses for most of trade in Asia before it climbed up to $1274.10 in early afternoon New York trade and then chopped back lower at times, but it still ended with a gain of 0.4%.  Silver rose to as high as $17.419 and ended with a loss of 0.52%.

Euro gold remained at about €1129, platinum gained $9 to $946, and copper climbed a penny to about $2.58.

Gold and silver equities waffled near unchanged and ended mostly slightly higher.

The Economy:

Fed Survey Shows Modest Growth With Tight Labor and Tame Prices  Bloomberg

Fed's Kaplan Sticks to Rate Forecast Despite Inflation Weakness Bloomberg

MBA: Mortgage applications continue to waver, drop HousingWire

Fed official says U.S. immigration crackdown could hit economy Reuters

Tomorrow brings ADP Employment, Initial Jobless Claims, the ISM manufacturing index, and Construction Spending.

The Markets:

Oil fell almost 3% and the U.S. dollar index dropped while treasuries rose on mixed economic data and earnings reports that held the Dow, Nasdaq, and S&P lower.

Among the big names making news in the market today were JPMorgan, Nestle, Smucker, Burlington, Whirlpool, and Michael Kors.

GATA Posts:

Chinese company Fosun buys stake in Russia's top gold miner for $887 million

The Statistics:

As of close of business: 5/30/2017

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

Note: No change in Total Tonnes from yesterday’s data.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.97: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,605.56: No change from yesterday’s data.

The Miners:

Royal Gold’s (RGLD) dividend and Alexco’s (AXU) shareholders meeting were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

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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• http://www.silverseek.com
• http://www.goldreview.com 

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