The Metals:

Gold gained $8.60 to $1252.90 in Asia before it fell back towards unchanged in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.39%.  Silver climbed up to $16.70 before it fell back to $16.563, but it then jumped to a new session high of $17.747 in the last hour of trade and ended with a gain of 0.66%.

Euro gold fell to about €1101, platinum gained $3 to $918, and copper climbed a couple of cents to about $2.67.

Gold and silver equities rose roughly 1% at the open, but they then drifted back lower for most of the rest of the day and ended with over 1% losses.

The Economy:

Senate Republicans delay vote on health bill to replace Obamacare MarketWatch

Yellen Keeps Fed on Track for Rate Hikes Bloomberg

Fed's Williams sees advanced economies stuck in low growth mode Reuters

IMF Cuts U.S. Outlook, Calls Trump's Growth Target Unrealistic Bloomberg

Tomorrow brings Pending Home Sales for May.

The Markets:

Oil rose almost 2% more ahead of tomorrow’s inventory report.

Treasuries saw notable losses “after European Central Bank President Mario Draghi hinted that the factors suppressing inflation would be short-lived.”

The U.S. dollar index fell markedly while the Dow, Nasdaq, and S&P dropped roughly 1% on the delay of the health-care bill vote by the U.S. Senate.

Among the big names making news in the market today were Google, Sprint, and Nike.

The Statistics:

As of close of business: 6/26/2017

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.662 tonnes

COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.41: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,571.73: No change from yesterday’s data.

The Miners:

Seabridge Gold’s (SA) regulatory amendment, New Gold’s (NGD) development update, and NovaGold’s (NG) second quarter results 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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