The Metals:

Gold gained $8.10 to $1289.80 in Asia before it fell back to $1281.70 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.55%.  Silver rose to $17.159 before it fell back to $16.977 and then also bounced back higher, but it still ended with a loss of 0.23%.

Euro gold rose to about €1099, platinum lost $5 to $973, and copper fell 6 cents to about $2.91.

Gold and silver equities waffled near unchanged and ended mixed.

The Economy:

U.S. Leading Economic Index Rises In Line With Estimates In July  Nasdaq

US industrial production rose 0.2% in July, vs 0.3% increase expected  CNBC

Philly Fed Index Dips Less Than Expected In August  Nasdaq

U.S. Jobless Claims Decrease to Lowest Level Since February  Bloomberg

Tomorrow brings Consumer Sentiment.

The Markets:

Oil ended modestly higher in mixed trade.

The U.S. dollar index rose as the euro fell after the release of minutes from the ECB’s last meeting.

Treasuries saw decent gains as the Dow, Nasdaq, and S&P dropped over 1% on political uncertainty.

Among the big names making news in the market today were Alibaba, Cisco, Target, and Wal-Mart.

GATA Posts:

Note: No change in Total Tonnes from yesterday’s data.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 213.28: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,445.33: No change from yesterday’s data.

The Miners:

Kinross Gold’s (KGC) partnership, Gold Fields’ (GFI) first half results, Banro’s (BAA) second quarter results, Harmony’s (HMY) second quarter results, and Fortuna’s (FSM) board appointment 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.

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

- Chris Mullen, Gold Seeker Report

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

• http://www.capitalupdates.com
• http://www.goldseek.com
• http://www.silverseek.com
• http://www.goldreview.com 

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

| Digg This Article
 -- Published: Thursday, 17 August 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus
Previous Articles by Chris Mullen