LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
By: Chris Mullen

 -- Published: Friday, 18 August 2017 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1286.40

-$2.30

-0.38%

Silver

$17.03

-$0.02

-0.47%

XAU

83.90

-0.47%

-0.23%

HUI

196.46

-0.40%

-0.72%

GDM

638.48

-0.38%

-0.50%

JSE Gold

1410.53

+52.67

+2.30%

USD

93.41

-0.27

+0.37%

Euro

117.66

+0.35

-0.03%

Yen

91.73

+0.29

+0.13%

Oil

$48.51

+$1.42

-0.63%

10-Year

2.193%

+0.005

-0.86%

Bond

155.84375

+0.15625

+0.42%

Dow

21674.51

-0.35%

-0.84%

Nasdaq

6216.52

-0.09%

-0.64%

S&P

2425.55

-0.18%

-0.65%

 
http://www.goldseek.com/news/2017/8-18gsr.JPG

 

The Metals:

 

Gold gained $8.80 to $1297.50 in London and climbed to as high as $1300.00 in early New York trade before it fell all of the way back $1284.80 just after midday, but it then bounced back higher into the close and ended with a loss of just 0.18%.  Silver rose to as high as $17.296 and ended with a loss of 0.12%.

 

Euro gold fell back under €1094, platinum gained $5 to $978, and copper climbed 3 cents to about $2.94.

 

Gold and silver equities climbed roughly 2% higher at the open before they fell to see slight losses in early afternoon trade and then stabilized, but they still ended modestly lower on the day.

 

The Economy:

 

Surge in Expectations Drives Gain in U.S. Consumer Sentiment  Bloomberg

Fed's Kaplan Says Immigration Key to U.S. Economy Beating China  Bloomberg

Investors flee stocks for bonds, gold as U.S. tax cut hopes fade  Reuters

 

Next week’s economic highlights include the FHFA House Price Index on Tuesday, New Home Sales on Wednesday, Initial Jobless Claims and Existing Home Sales on Thursday, and Durable Goods Orders and Fed Chair Yellen’s speech in Jackson Hole on Friday.

 

The Markets:

 

Oil gained 3% on signs that the physical market is tightening.

 

The U.S. dollar index fell and treasuries edged higher on more political uncertainty that dragged the Dow, Nasdaq, and S&P lower by the close.

 

Among the big names making news in the market Friday were BlackBerry, Foot Locker, SoftBank, Wal-Mart and Amazon, and Uber.

 

GATA Posts:

 

Jan Skoyles: Gold hedges dollar devaluation and price inflation

 

The Statistics:

Activity from: 8/17/2017

Gold Warehouse Stocks:

8,707,110.590

+81,971.208

Silver Warehouse Stocks:

215,596,258.890

-31,236.91

 

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

795.443

25,574,288

US$33,133m

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$5,734m

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$6,338m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$462m

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 added 4.435 tonnes.

 

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

 

Silver Trust (SLV) Total Tonnes in Trust: 10,401.24: -44.09 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) redemption of notes and AngloGold’s (AU) possible spinoff plans were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Harmony

HMY +5.06% $1.87

2.  Gold Fields

GFI +4.35% $4.32

3.  Avino

ASM +3.03% $1.70

 

LOSERS

1.  Northern Dynasty

NAK -6.41% $1.46

2.  Kinross

KGC -2.75% $4.25

3.  Seabridge

SA -2.54% $11.50

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

 

- 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:

© 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: Friday, 18 August 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.