-- Published: Friday, 1 September 2017 | Print | Disqus
Please Note: US Markets are closed on Monday for Labor Day.
| Close | Gain/Loss | On Week |
Gold | $1325.70 | +$2.30 | +2.68% |
Silver | $17.70 | +$0.09 | +3.87% |
XAU | 90.54 | +0.46% | +5.50% |
HUI | 213.07 | +0.25% | +5.93% |
GDM | 668.82 | +0.74% | +2.68% |
JSE Gold | 1415.89 | -18.92 | +6.38% |
USD | 92.82 | +0.17 | +0.32% |
Euro | 118.64 | -0.42 | -0.47% |
Yen | 90.76 | -0.27 | -0.88% |
Oil | $47.29 | +$0.06 | -1.21% |
10-Year | 2.160% | +0.039 | -0.51% |
Bond | 156.40625 | -0.96875 | -0.12% |
Dow | 21987.56 | +0.18% | +0.80% |
Nasdaq | 6435.33 | +0.10% | +2.71% |
S&P | 2476.55 | +0.20% | +1.37% |
The Metals:
Gold fell $5.60 to $1317.80 in Asia before it popped up to $1328.70 after the release of this morning’s jobs data and then dropped back to $1316.60 in the next 2 hours of trade, but it then rallied back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $17.74 and ended with a gain of 0.54%.
Euro gold rose to about €1117, platinum gained $9 to $1005, and copper climbed a couple of cents to about $3.10.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Consumer sentiment retreats in late August MarketWatch
U.S. construction spending falls to nine-month low Reuters
U.S. Manufacturing Expanded in August at Fastest Pace Since ’11 Bloomberg
Payrolls in U.S. Rise by 156,000; Wages Also Below Forecasts Bloomberg
U.S. gains 156,000 jobs in August, but unemployment rate edges up to 4.4% MarketWatch
The BLS net birth/death adjustment added 103,000 payrolls to August’s data. Private Payrolls rose 165,000.
The Markets:
Oil reversed early losses and ended slightly higher after some refineries restarted operations.
The U.S. dollar index rose as the euro fell on signs that the ECB may not have a plan to reduce monetary stimulus ready until December.
Treasuries fell as the Dow, Nasdaq, and S&P rose on mixed economic data that lowered expectations for an interest rate hike from the fed anytime soon.
Among the big names making news in the market Friday were Fiat Chrysler, Ford, Lululemon, Nutanix, Volvo, and DowDuPont.
GATA Posts:
TF Metals Report interviews GATA secretary on gold and central banking
Huge World War II bomb being defused near German gold reserves
Weaker dollar is better for U.S. trade, treasury secretary says
The Statistics:
Activity from: 8/31/2017
Gold Warehouse Stocks: | 8,693,639.700 | - |
Silver Warehouse Stocks: | 216,503,345.917 | -1,237,665.41 |
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$34,648m |
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$5,879m |
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$6,494m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
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: 217.26: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,318.94: -44.05 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend and Coeur’s (CDE) margins were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Taseko | TGB +5.21% $2.02 |
2. Nevsun | NSU +5.16% $2.24 |
3. Alio Gold | ALO +4.00% $4.42 |
LOSERS
1. Kinross | KGC -1.54% $4.49 |
2. Harmony | HMY -1.46% $2.03 |
3. Alamos | AGI -0.48% $8.29 |
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, 1 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 3% and 4% on the Week
