The Metals:

Gold gained $5.50 to $1254.60 in London before it fell back to $1247.90 in midmorning New York trade, but it then bounced back higher into the close and ended with a gain of 0.09%.  Silver rose to as high as $16.859 and ended with a gain of 0.84%.

Euro gold fell to about €1098, platinum gained $2 to $920, and copper climbed a penny to about $2.68.

Gold and silver equities waffled near unchanged and ended mixed.

The Economy:

Global borrowing hits record as big central banks prepare to tighten credit  Reuters

Yellen Fed Ramps Up Attention Over ‘Somewhat Rich’ Asset Prices  Bloomberg

Mortgage applications drop 6% as wealthy buyers 'step back'  CNBC

Tomorrow brings GDP and Initial Jobless Claims.

The Markets:

Oil gained 1% after the Energy Information Administration reported that crude inventories fell 100,000 barrels, gasoline inventories fell 900,000 barrels, and distillates fell 200,000 barrels.

The U.S. dollar index dropped as the euro continued higher on the outlook for tighter monetary policy in Europe.

Treasuries fell as the Dow, Nasdaq, and S&P bounced back from yesterday’s losses.

Among the big names making news in the market today were Deutsche Bank, Chesapeake Energy, and Blue Apron.

GATA Posts:

TF Metals Report explains why gold isn't rising despite dollar index's fall

The Statistics:

As of close of business: 6/27/2017

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: 209.00: +0.59 change from yesterday’s data.

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

The Miners:

Banro’s (BAA) corporate update, Vista Gold’s (VGZ) testing program update, Eldorado Gold’s (EGO) operations update, Gold Resource’s (GORO) drill results, Minco Silver’s (MSV.TO) management change, and Silver Bear’s (SBR.TO) plan of arrangement 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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