Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 1% on the Week
By: Chris Mullen, Gold-Seeker.com
-- Published: Friday, 2 June 2017 | Print | Disqus
Close
Gain/Loss
On Week
Gold
$1278.20
+$10.20
+0.88%
Silver
$17.52
+$0.21
+1.15%
XAU
83.22
+0.21%
-1.69%
HUI
191.51
+0.32%
-1.65%
GDM
631.45
+0.45%
-0.71%
JSE Gold
1306.35
-19.76
-5.84%
USD
96.68
-0.52
-0.80%
Euro
112.85
+0.70
+1.02%
Yen
90.58
+0.75
+0.80%
Oil
$47.66
-$0.70
-4.30%
10-Year
2.150%
-0.065
-4.44%
Bond
156.46875
+1.625
+1.58%
Dow
21206.29
+0.29%
+0.60%
Nasdaq
6305.80
+0.94%
+1.54%
S&P
2439.07
+0.37%
+0.96%
The Metals:
Gold fell $8.30 to $1259.70 in Asia before it jumped up to $1279.00 in late morning New York trade and then drifted back lower in early afternoon action, but it still ended with a gain of 0.8%.Silver rose to as high as $17.571 and ended with a gain of 1.21%.
Euro gold rose to about €1133, platinum gained $19 to $950, and copper dropped a penny to about $2.58.
Gold and silver equities rose roughly 1% at the open before they fell back to unchanged at about 2PM EST, but they then bounced back higher into the close and ended with modest gains.
Oil fell 1.5% “on worries that U.S. President Donald Trump's decision to withdraw from an international climate accord will spur further domestic production and contribute to a persistent global oversupply.”
The U.S. dollar index fell and treasuries rose on this morning’s disappointing jobs data.
The Dow, Nasdaq, and S&P rose to new record highs on thoughts that today’s data is still strong enough to warrant a rate hike at the fed’s meeting in two weeks.
Among the big names making news in the market Friday were Wal-Mart, Tesla, Exxon, and Spotify.
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$34,726m
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$5,678m
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$6,275m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$458m
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: 202.97: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,605.56: No change from yesterday’s data.
Royal Gold’s (RGLD) resource estimate, Primero’s (PPP) operations update, and First Majestic’s (AG) resumed operations in Mexico were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Alio Gold
ALO +5.02% $4.81
2.Avino
ASM +4.86% $1.51
3.Gold Standard
GSV +4.27% $1.71
LOSERS
1.Exeter
XRA -2.43% $1.60
2.Taseko
TGB -1.96% $1.25
3.Turquoise
TRQ -1.56% $2.52
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 About 1% on the Week
