-- Published: Thursday, 7 September 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1348.30 | +$14.40 |
Silver | $18.09 | +$0.23 |
XAU | 93.26 | +2.10% |
HUI | 219.61 | +2.33% |
GDM | 707.45 | +1.85% |
JSE Gold | 1443.36 | +2.18 |
USD | 91.54 | -0.75 |
Euro | 120.24 | +1.01 |
Yen | 92.23 | +0.67 |
Oil | $49.09 | -$0.07 |
10-Year | 2.049% | -0.056 |
T-Bond | 158.9375 | +1.3125 |
Dow | 21784.78 | -0.10% |
Nasdaq | 6397.87 | +0.07% |
S&P | 2465.10 | -0.02% |
The Metals:
Gold gained throughout most of world trade and ended just off its last-minute high of $1349.40 with a gain of 1.08%. Silver surged to as high as $18.124 and ended with a gain of 1.29%.
Euro gold rose to about €1122, platinum gained $13 to $1014, and copper fell slightly to about $3.14.
Gold and silver equities rose roughly 2% by late morning and remained near that level for the rest of the day.
The Economy:
Mortgage rates follow bond yields down to a 10-month low MarketWatch
American workers labored harder in second quarter, revised productivity figures show MarketWatch
Hurricane Harvey lifts U.S. jobless claims to more than two-year high Reuters
Mnuchin says tax overhaul still in sight for 2017 Reuters
Tomorrow brings Wholesale Trade and Consumer Credit.
The Markets:
Oil traded mixed and ended slightly lower after the Energy Information Administration reported that crude inventories rose 4.6 million barrels, gasoline inventories fell 3.2 million barrels, and distillates fell 1.4 million barrels.
The U.S. dollar index dropped as the euro jumped higher after the ECB “broadly stuck to its outlook for growth and inflation while outlining concerns about the single currency’s strength.”
Treasuries rose on political and economic uncertainty that held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market today were GoPro, Lyft, BMW, Barnes & Noble, Tesla, Fitbit, and Amazon.
GATA Posts:
Events converging against gold and silver suppression, GATA chairman says
CFTC sues California gold dealer Monex in fraud scheme
The Statistics:
As of close of business: 9/6/2017
Gold Warehouse Stocks: | 8,696,886.850 | -1,736.10 |
Silver Warehouse Stocks: | 215,295,862.994 | +464,099.53 |
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 | 837.124 | 26,914,381 | US$36,146m |
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$5,983m |
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$6,612m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$483m |
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 subtracted 2.956 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.53: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,202.97: -96.98 change from yesterday’s data.
The Miners:
Newmont’s (NEM) leadership in sustainability, Alamos Gold’s (AGI) construction schedule, Paramount’s (PZG) drill results, and Golden Minerals’ (AUMN) drill program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. McEwen | MUX +5.60% $2.83 |
2. AngloGold | AU +4.86% $10.78 |
3. Alexco | AXU +4.60% $1.82 |
LOSERS
1. Avino | ASM -1.74% $1.69 |
2. Tahoe Resources | TAHO -1.45% $4.76 |
3. Turquoise | TRQ -0.60% $3.30 |
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, 7 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% Again
