-- Published: Friday, 25 August 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1291.10 | +$4.90 | +0.37% |
Silver | $17.04 | +$0.09 | +0.06% |
XAU | 85.82 | -0.36% | +2.29% |
HUI | 201.14 | +0.51% | +2.38% |
GDM | 651.34 | +0.36% | +2.01% |
JSE Gold | 1330.95 | -1.60 | -5.64% |
USD | 92.52 | -0.77 | -0.95% |
Euro | 119.20 | 1.17 | +1.31% |
Yen | 91.57 | +0.20 | -0.17% |
Oil | $47.87 | +$0.44 | -1.32% |
10-Year | 2.171% | -0.021 | -1.00% |
Bond | 156.59375 | +0.50 | +0.48% |
Dow | 21813.67 | +0.14% | +0.64% |
Nasdaq | 6265.64 | -0.09% | +0.79% |
S&P | 2443.05 | +0.17% | +0.72% |
The Metals:
Gold waffled between $1288.40 and $1285.60 in London before it jumped up to $1293.20 in early New York trade and then spiked down to $1276.50 shortly before 10AM EST, but it quickly rebounded to a new session high at $1294.00 by late morning and ended with a gain of 0.38%. Silver rose to as high as $17.167 and ended with a gain of 0.53%.
Euro gold fell to about €1083, platinum lost $7 to $970, and copper remained at about $3.04.
Gold and silver equities traded mostly slightly higher and ended mixed.
The Economy:
Draghi Says Protectionism Is a Threat to Global Economic Growth Bloomberg
Yellen defends post-crisis bank rules under assault from Trump, Dimon MarketWatch
Yellen Says Any Changes to Financial Rules Should Be `Modest' Bloomberg
Fed's Kaplan counsels patience on rates, speed on balance sheet Reuters
Orders for durable goods sink 6.8% in July, the most in nearly three years MarketWatch
Next week’s economic highlights include International Trade in Goods on Monday, the S&P Corelogic Case-Shiller HPI and Consumer Confidence on Tuesday, GDP and ADP Employment on Wednesday, Initial Jobless Claims, Chicago PMI, and Pending Home Sales on Thursday, and August's jobs data, the PMI Manufacturing Index, the ISM Manufacturing Index, Construction Spending, and Consumer Sentiment on Friday.
The Markets:
Oil rose almost 1% on uncertainty about the impacts of Hurricane Harvey.
The U.S. dollar index saw notable losses “after Federal Reserve Chairwoman Janet Yellen did not comment on monetary policy in her remarks at a high-profile gathering of central bankers in Jackson Hole.”
Treasuries rose as the Dow, Nasdaq, and S&P traded mixed after Yellen’s comments offered little insight on future fed actions.
Among the big names making news in the market Friday were VW, Goldman Sachs, Sears, Tesla, and Amazon and Whole Foods.
GATA Posts:
MarketSlant's Lanci remains suspicious about Fed's still holding German gold
The Statistics:
Activity from: 8/24/2017
Gold Warehouse Stocks: | 8,697,497.700 | -225.05 |
Silver Warehouse Stocks: | 216,514,572.643 | -23,125.867 |
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 | 799.286 | 25,697,857 | US$33,021m |
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$5,733m |
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$6,342m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
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: 215.91: +0.44 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,363.03: -38.21 change from yesterday’s data.
The Miners:
WINNERS
1. Americas Silver | USAS +7.12% $3.61 |
2. Sandstorm | SAND +5.00% $4.62 |
3. Endeavour Silver | EXK +2.69% $2.29 |
LOSERS
1. Tahoe Resources | TAHO -18.43% $4.47 |
2. Avino | ASM -4.02% $1.67 |
3. Almaden | AAU -2.65% $1.10 |
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, 25 August 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
