-- Published: Tuesday, 29 August 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1308.90 | -$2.60 |
Silver | $17.37 | -$0.09 |
XAU | 89.38 | +0.22% |
HUI | 210.49 | +0.68% |
GDM | 678.65 | +1.04% |
JSE Gold | 1447.03 | +92.48 |
USD | 92.36 | +0.10 |
Euro | 119.66 | -0.11 |
Yen | 91.19 | -0.43 |
Oil | $46.44 | -$0.13 |
10-Year | 2.124% | -0.038 |
T-Bond | 157.09375 | +0.34375 |
Dow | 21865.37 | +0.26% |
Nasdaq | 6301.89 | +0.30% |
S&P | 2446.30 | +0.08% |
The Metals:
Gold gained $14.20 to as high as $1325.70 in Asia, but it then drifted back lower in London and New York and ended near its late session low of $1305.60 with a loss of 0.2%. Silver rose to as high as $17.658 and ended with a loss of 0.52%.
Euro gold fell to about €1094, platinum gained $8 to $994, and copper climbed a penny to about $3.08.
Gold and silver equities rose roughly 2% at the open before they fell to see slight losses by midafternoon, but they then chopped back higher into the close and ended with modest gains.
The Economy:
U.S. consumer confidence hits five-month high; house prices rise Reuters
Tomorrow brings GDP and ADP Employment.
The Markets:
Oil edged lower on continued concerns about refinery operations.
The U.S. dollar index saw notable losses in Asia, but it then rallied back higher in New York and ended with a slight gain on the day.
Treasuries rose as the Dow, Nasdaq, and S&P fell markedly at the open on geopolitical concerns after North Korea’s missile launch last night, but stocks then marched back higher throughout most of the rest of trade and ended with decent gains on hopes that tensions will not increase further.
Among the big names making news in the market today were Movado Group, Acorda, Best Buy, Bitcoin, and Apple.
GATA Posts:
Freeport makes compromise to end years of wrangling over Indonesian mining rights
The Statistics:
As of close of business: 8/28/2017
Gold Warehouse Stocks: | 8,686,141.918 | -11,355.782 |
Silver Warehouse Stocks: | 217,654,109.837 | +627,918.56 |
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 | 814.363 | 26,182,582 | US$34,515m |
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$5,849m |
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$6,464m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$471m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 33.35 | 1,072,201 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 9.164 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.13: +1.77 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,363.03: No change from yesterday’s data.
The Miners:
Freeport’s (FCX) negotiations with the Indonesian Government and McEwen’s (MUX) definitive agreement with Primero (PPP) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +5.32% $1.98 |
2. Taseko | TGB +4.92% $1.92 |
3. AngloGold | AU +3.90% $9.85 |
LOSERS
1. Silvercorp | SVM -4.84% $2.95 |
2. Northern Dynasty | NAK -4.55% $1.68 |
3. Endeavour Silver | EXK -4.42% $2.38 |
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
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-- Published: Tuesday, 29 August 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Erase Overnight Gains To End Slightly Lower
