-- Published: Thursday, 31 August 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1323.40 | +$15.20 |
Silver | $17.61 | +$0.20 |
XAU | 90.12 | +2.23% |
HUI | 212.54 | +1.95% |
GDM | 684.19 | +1.61% |
JSE Gold | 1434.81 | +6.14 |
USD | 92.65 | -0.25 |
Euro | 119.06 | +0.19 |
Yen | 91.03 | +0.32 |
Oil | $47.23 | +$1.27 |
10-Year | 2.121% | -0.017 |
T-Bond | 157.375 | +0.46875 |
Dow | 21948.10 | +0.25% |
Nasdaq | 6428.66 | +0.95% |
S&P | 2471.65 | +0.57% |
The Metals:
Gold fell $7.60 to $1300.60 in Asia and saw slight losses for most of trade in London, but it then steadily rose during all of the session in New York and ended at its last-minute high of $1323.40 and ended with a gain of 1.16%. Silver climbed to as high as $17.619 and ended with a gain of 1.15%.
Euro gold rose to about €1112, platinum gained $10.50 to $996, and copper climbed a couple of cents to about $3.08.
Gold and silver equities climbed higher throughout most of trade and ended with about 2% gains.
The Economy:
Mortgage rates fall to fresh 2017 low as Trump trade continues to reverse MarketWatch
Pending home sales slip in July for fourth time in five months MarketWatch
Chicago PMI holds steady at 58.9 in August MarketWatch
U.S. jobless claims rise marginally as labor market tightens Reuters
U.S. Consumer Spending, Incomes Signal Stable Second-Half Start Bloomberg
Tomorrow brings August's jobs data, the PMI Manufacturing Index, the ISM Manufacturing Index, Construction Spending, and Consumer Sentiment.
The Markets:
Oil rose almost 3% on reduced refining capacity.
The U.S. dollar index erased early gains and ended lower “after Treasury Secretary Steven Mnuchin didn’t promote a strong-dollar policy as is traditional for Treasury officials, suggesting a weaker buck may be good for trade.”
Treasuries saw slight gains on mixed economic data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Campbell, Disney, Wells Fargo, Novartis, Bitcoin, and GE.
GATA Posts:
Six global banks join forces to create digital currency
Bitcoin exchange sees complaints soar
The Statistics:
As of close of business: 8/30/2017
Gold Warehouse Stocks: | 8,693,639.700 | -2,539.85 |
Silver Warehouse Stocks: | 217,741,011.327 | +156,914.35 |
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 | 816.432 | 26,249,111 | US$34,421m |
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$5,855m |
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$6,465m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 33.35 | 1,072,201 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 216.96: -2.63 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,363.03: No change from yesterday’s data.
The Miners:
Eldorado Gold’s (EGO) arbitration process with Greece and Harmony’s (HMY) recovered miners were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +9.06% $4.36 |
2. Endeavour Silver | EXK +7.33% $2.49 |
3. First Majestic | AG +6.48% $7.07 |
LOSERS
1. Buenaventura | BVN-1.97% $13.43 |
2. Almaden | AAU -0.84% $1.18 |
3. Gold Standard | GSV -0.56% $1.78 |
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: Thursday, 31 August 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
