-- Published: Thursday, 14 September 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1327.50 | +$5.90 |
Silver | $17.75 | UNCH |
XAU | 88.88 | +0.52% |
HUI | 208.21 | +0.84% |
GDM | 675.06 | +0.32% |
JSE Gold | 1380.92 | -3.55 |
USD | 92.16 | -0.29 |
Euro | 119.08 | +0.23 |
Yen | 90.55 | +0.11 |
Oil | $49.89 | +$0.59 |
10-Year | 2.194% | -0.001 |
T-Bond | 156.4375 | +0.34375 |
Dow | 22203.48 | +0.20% |
Nasdaq | 6429.08 | -0.48% |
S&P | 2495.62 | -0.11% |
The Metals:
Gold edged up to $1326.50 in London before it dropped back to $1315.80 just after 8:30AM EST, but it then climbed to a new session high at $1330.20 in early afternoon trade and ended with a gain of 0.45%. Silver rose to as high as $17.783 and ended unchanged on the day.
Euro gold rose to about €1115, platinum gained $3 to $981, and copper fell 3 cents to about $2.95.
Gold and silver equities waffled near unchanged for most of the morning, but they then climbed higher in afternoon trade and ended almost 1% higher on the day.
The Economy:
Mortgage rates hold at 2017 lows MarketWatch
Gasoline, rents boost U.S. consumer inflation; weekly jobless claims fall Reuters
U.S. Inflation Picks Up, Ending Five-Month Streak of Misses Bloomberg
Tomorrow brings Retail Sales, the Empire State Manufacturing Survey, Industrial Production, Consumer Sentiment, and Business Inventories.
The Markets:
Oil gained over 1% after both OPEC and the IEA increased their demand forecasts.
The U.S. dollar index fell and treasuries rose as the Nasdaq and S&P edged off yesterday’s record highs on concerns about North Korea.
Among the big names making news in the market today were Halozyme, Equifax, Lattice, Bitcoin, and Aramco.
GATA Posts:
David Morgan: China's gold-oil link, debt ceiling repeal will boost metals
GoldSeek's Peter Spina notes death of market analyst Julian D.W. Phillips
Bitcoin exchange BTCChina says it will stop trading, sparking further slide
Gold researcher Jansen skeptical about supposed China oil contract backed by gold
Ex-UBS trader accused by U.S. of manipulating precious metals prices
The Statistics:
As of close of business: 9/13/2017
Gold Warehouse Stocks: | 8,696,115.287 | -803.75 |
Silver Warehouse Stocks: | 218,296,835.304 | +594,502.50 |
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 | 838.640 | 26,963,102 | US$35,709m |
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$5,886m |
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$6,505m |
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: 220.92: +0.59 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,173.58: No change from yesterday’s data.
The Miners:
Timberline’s (TBR.V) test results and Eldorado Gold’s (EGO) arbitration notice were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado Gold | EGO +3.93% $2.38 |
2. DRDGOLD | DRD +3.55% $4.08 |
3. Gold Fields | GFI +3.27% $4.42 |
LOSERS
1. Tahoe Resources | TAHO -3.05% $5.73 |
2. Taseko | TGB -1.56% $1.89 |
3. Paramount | PZG -1.13% $1.75 |
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, 14 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Erases Early Dip and Ends Higher on the Day
