-- Published: Friday, 30 June 2017 | Print | Disqus
Please Note: Canadian markets are closed on Monday for Canada Day. US Markets close early at 1PM EST. US Markets will remain closed on Tuesday for Independence Day.
| Close | Gain/Loss | On Week |
Gold | $1241.40 | -$2.90 | -1.15% |
Silver | $16.61 | -$0.01 | -0.54% |
XAU | 80.78 | +0.60% | -3.18% |
HUI | 185.71 | +0.71% | -4.48% |
GDM | 613.26 | +0.17% | -3.24% |
JSE Gold | 1207.87 | +8.89 | -5.43% |
USD | 95.67 | +0.09 | -1.63% |
Euro | 114.24 | -0.13 | +2.03% |
Yen | 88.92 | -0.25 | -1.07% |
Oil | $46.04 | +$1.11 | +7.04% |
10-Year | 2.300% | +0.033 | +7.28% |
Bond | 153.78125 | -0.46875 | -1.82% |
Dow | 21349.63 | +0.29% | -0.21% |
Nasdaq | 6140.42 | -0.06% | -1.99% |
S&P | 2423.41 | +0.15% | -0.61% |
The Metals:
Gold fell $4.70 to $1239.60 at about 8:45AM EST before it chopped back higher at times, but it still ended with a loss of 0.23%. Silver slipped to as low as $16.541 and ended with a loss of 0.06%.
Euro gold fell to about €1087, platinum gained $5 to $923, and copper climbed a penny to about $2.71.
Gold and silver equities traded mostly higher and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | May | 0.4% | 0.3% | 0.3% |
Personal Spending | May | 0.1% | 0.1% | 0.4% |
PCE Prices | May | -0.1% | -0.1% | 0.2% |
Core PCE Prices | May | 0.1% | 0.1% | 0.1% |
Chicago PMI | June | 65.7 | 58.2 | 59.4 |
Michigan Sentiment | June | 95.1 | 94.5 | 94.5 |
All of this week’s other economic reports:
Next week’s economic highlights include the ISM Index and Construction Spending on Monday, Factory Orders and FOMC Minutes on Wednesday, ADP Employment, Initial Jobless Claims, the Trade Balance, and ISM Services on Thursday, and June’s jobs data on Friday.
The Markets:
Oil rose 2.5% after Baker Hughes “showed the first decline in the number of active U.S. oil rigs in 24 weeks.”
The U.S. dollar index saw slight gains on profit taking from this week’s notable decline.
Treasuries fell as the Dow, Nasdaq, and S&P rebounded from yesterday’s drop.
Among the big names making news in the market Friday were Nike, Microsoft, and BofA.
GATA Posts:
Romania hit by $4.4-billion damage claim over stalled gold mine project
The Statistics:
Activity from: 6/29/2017
Gold Warehouse Stocks: | 8,616,722.334 | - |
Silver Warehouse Stocks: | 209,008,472.932 | +492,620.699 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
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 | 853.684 | 27,446,803 | US$34,084m |
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$5,523m |
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$6,103m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$446m |
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: 210.35: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,551.14: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) payments to governments in 2016, Silver Bear’s (SBR.TO) re-domiciliation, and Hecla’s (HL) withdrawn offering were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Buenaventura | BVN +4.64% $11.50 |
2. Alamos Gold | AGI +4.06% $7.18 |
3. Seabridge | SA +2.37% $10.80 |
LOSERS
1. Gold Resource | GORO-4.23% $4.08 |
2. Almaden | AAU -3.08% $1.26 |
3. Endeavour Silver | EXK -2.56% $3.05 |
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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-- Published: Friday, 30 June 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
