-- Published: Friday, 14 July 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1228.40 | +$10.20 | +1.32% |
Silver | $15.95 | +$0.22 | +2.51% |
XAU | 80.80 | +1.72% | +4.26% |
HUI | 185.91 | +1.51% | +3.92% |
GDM | 607.39 | +1.23% | +3.44% |
JSE Gold | 1255.82 | -4.86 | +3.61% |
USD | 95.10 | -0.62 | -0.95% |
Euro | 114.70 | +0.64 | +0.58% |
Yen | 88.85 | +0.54 | +1.22% |
Oil | $46.54 | +$0.46 | +5.22% |
10-Year | 2.325% | -0.018 | -2.56% |
Bond | 152.625 | +0.4375 | +0.56% |
Dow | 21637.74 | +0.39% | +1.04% |
Nasdaq | 6312.47 | +0.61% | +2.59% |
S&P | 2459.27 | +0.47% | +1.41% |
The Metals:
Gold dipped to $1215.00 in Asia, but it then shot to as high as $1232.60 in early New York trade and ended with a gain of 0.84%. Silver rose to as high as $16.081 and ended with a gain of 1.4%.
Euro gold rose to about €1071, platinum gained $16 to $920, and copper climbed 3 cents to about $2.69.
Gold and silver equities rose roughly 2% in the first 15 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | June | -0.2% | 0.1% | -0.1% |
Retail Sales ex-auto | June | -0.2% | 0.2% | -0.3% |
CPI | June | 0.0% | 0.0% | -0.1% |
Core CPI | June | 0.1% | 0.2% | 0.1% |
Industrial Production | June | 0.4% | 0.4% | 0.1% |
Capacity Utilization | June | 76.6% | 78.8% | 76.4% |
Business Inventories | May | 0.3% | 0.3% | -0.2% |
Michigan Sentiment | July | 93.1 | 94.7 | 95.1 |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing on Monday, Export and Import Prices, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Tuesday, Housing Starts and Building Permits on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Oil gained 1% on “reports of supply issues in Nigeria and a higher forecast for crude demand.”
The U.S. dollar index fell and treasuries rose along with the Dow, Nasdaq, and S&P on weak economic data that raised doubts over future interest rate hikes.
Among the big names making news in the market Friday were Daimler, AMD, J.P. Morgan, Wells Fargo, Kaspersky, Citigroup, Delta, and Fiat Chrysler.
GATA Posts:
Russia's Sberbank begins physical gold trading on Shanghai exchange
The Statistics:
Activity from: 7/13/2017
Gold Warehouse Stocks: | 8,522,223.757 | +32.151 |
Silver Warehouse Stocks: | 213,282,250.412 | +320,588.49 |
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 | 828.842 | 26,648,087 | US$32,780m |
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$5,452m |
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$6,025m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.33 | 1,103,760 | US$1,383m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.549 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,855.49: No change from yesterday’s data.
The Miners:
Nevsun’s (NSU) transition period, Richmont’s (RIC) filed technical report, and McEwen’s (MUX) Q2 production results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Richmont | RIC +8.45% $7.70 |
2. Northern Dynasty | NAK +6.43% $1.49 |
3. Americas Silver | USAS +5.65% $2.99 |
LOSERS
1. DRDGOLD | DRD -1.67% $2.95 |
2. Tahoe Resources | TAHO -1.65% $5.36 |
3. Taseko | TGB -1.55% $1.27 |
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, 14 July 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
