-- Published: Friday, 8 September 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1346.40 | -$1.90 | +1.56% |
Silver | $18.00 | -$0.09 | +1.69% |
XAU | 91.65 | -1.73% | +1.23% |
HUI | 216.70 | -1.32% | +1.70% |
GDM | 702.26 | -0.70% | +5.00% |
JSE Gold | 1441.90 | -1.46 | +1.84% |
USD | 91.34 | -0.20 | -1.59% |
Euro | 120.35 | +0.11 | +1.44% |
Yen | 92.82 | +0.59 | +2.27% |
Oil | $47.48 | -$1.61 | +0.40% |
10-Year | 2.056% | +0.007 | -4.81% |
Bond | 158.65625 | UNCH | +1.42% |
Dow | 21797.79 | +0.06% | -0.86% |
Nasdaq | 6360.19 | -0.59% | -1.17% |
S&P | 2461.43 | -0.15% | -0.61% |
The Metals:
Gold gained $9.10 to $1357.40 in Asia before it fell back to $1342.90 at about 11AM EST and then bounced back higher into the close, but it still ended with a loss of 0.14%. Silver slipped to as low as $17.898 and ended with a loss of 0.5%.
Euro gold fell to about €1119, platinum lost $7 to $1007, and copper dropped 11 cents to about $3.03.
Gold and silver equities fell over 2% by late morning before they edged back higher in late trade, but they still ended with roughly 1% losses on the day.
The Economy:
U.S. wholesale inventories revised higher in July Reuters
Americans borrow big in July, Fed credit report shows MarketWatch
The Markets:
Oil dropped over 3% on reports of slower than expected refinery recoveries from the impacts of Hurricane Harvey.
The U.S. dollar index fell and treasuries traded mixed as the Dow, Nasdaq, and S&P chopped back off into close and ended mostly lower on concerns about Hurricane Irma.
Among the big names making news in the market Friday were Uber, SpaceX, Monsanto, and Equifax.
GATA Posts:
Venezuela's Maduro says he will shun U.S. dollar in favor of yuan, others
Gold miners take hit as Western Australian government breaks royalties promise
The Statistics:
Activity from: 9/7/2017
Gold Warehouse Stocks: | 8,694,895.450 | -1,991.40 |
Silver Warehouse Stocks: | 216,675,701.764 | +1,379,838.77 |
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 | 836.866 | 26,906,088 | US$36,219m |
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$5,981m |
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$6,611m |
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 0.258 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.53: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,173.58: -29.39 change from yesterday’s data.
The Miners:
WINNERS
1. Gold Standard | GSV +2.12% $1.93 |
2. Pretivm | PVG +2.07% $8.86 |
3. Avino | ASM +0.59% $1.70 |
LOSERS
1. Freeport | FCX -6.38% $14.24 |
2. Great Panther | GPL -6.16% $1.37 |
3. Almaden | AAU -4.58% $1.25 |
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, 8 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 2% on the Week
