-- Published: Wednesday, 12 July 2017 | Print | Disqus
Gold edged above $1220 in Asia and fell back to $1214.20 by a little after 8AM EST before it popped up to $1225.40 in the next hour of trade and then drifted back lower at times, but it still ended with a gain of 0.32%. Silver rose to as high as $16.023 ended with a gain of 0.51%.
Euro gold rose to about €1069, platinum gained $16 to $916, and copper climbed a penny to about $2.68.
Gold and silver equities rose over 1% at the open before they chopped back lower at times, but they still ended with modest gains on the day.
Full Text: Yellen Testimony to House Financial Services Panel Bloomberg
Fed's Yellen says economy steady enough for more hikes, bond wind down Reuters
Yellen Sees Inflation as Key Uncertainty, Amid Moderate Growth Bloomberg
Trump seen replacing Yellen at Fed with NEC's Cohn: Politico Reuters
Higher interest rates send mortgage applications tanking, down 7.4% CNBC
Tomorrow brings Initial Jobless Claims, PPI, and the Treasury Budget.
Oil remained higher after the EIA reported that crude oil inventories fell 7.6 million barrels, gasoline supplies fell 1.6 million barrels, and distillates rose 3.1 million barrels.
The U.S. dollar index ended lower in mixed trade and treasuries rose along with the Dow, Nasdaq, and S&P “after Janet Yellen signaled the Federal Reserve won’t rush to tighten monetary policy as inflation remains persistently below target.”
Among the big names making news in the market today were Google, Fiat Chrysler, Apple, Volkswagen, Wells Fargo, and Intel.
Is anyone still expecting reform from the Republicans?
Controversial Alaskan gold mine could be revived under Trump's EPA
Polyus to buy another 25% of Sukhoi Log gold deposit
'Mr. Gold' backs overhaul of Tanzania's mining laws
As of close of business: 7/11/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,793.73: +73.53 change from yesterday’s data.
Northern Dynasty’s (NAK) development with regards to the EPA’s Proposed Determination and Endeavour Silver’s (EXK) second quarter production results were among the big stories in the gold and silver mining industry making headlines today.
1. Alio Gold
ALO +6.53% $4.58
2. Americas Silver
USAS +5.68% $2.79
PZG +5.03% $1.46
1. Great Panther
GPL -3.17% $1.22
FCX -2.46% $12.27
KGC -2.26% $3.90
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: Wednesday, 12 July 2017 | E-Mail | Print | Source: GoldSeek.com