-- Published: Monday, 25 September 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1310.40 | +$13.40 |
Silver | $17.15 | +$0.17 |
XAU | 87.42 | +1.58% |
HUI | 203.42 | +1.96% |
GDM | 659.44 | +1.36% |
JSE Gold | 1306.82 | +16.46 |
USD | 92.66 | +0.39 |
Euro | 118.48 | -1.00 |
Yen | 89.62 | +0.58 |
Oil | $52.22 | +$1.56 |
10-Year | 2.218% | -0.036 |
T-Bond | 154.96875 | +0.875 |
Dow | 22296.09 | -0.24% |
Nasdaq | 6370.59 | -0.88% |
S&P | 2496.66 | -0.22% |
The Metals:
Gold dropped $6.10 to $1290.90 in both Asia and London, but it then shot back higher into the close and ended near its late session high of $1311.10 with a gain of 1.03%. Silver rose to as high as $17.164 and ended with a gain of 1.00%.
Euro gold jumped up to €1106, platinum closed at $939, and copper ended at $2.93.
Gold and silver equities rose nearly 2% by early afternoon and remained near that level for the rest of the day.
The Economy:
Fed policymakers clash on outlook for inflation Reuters
Dudley sees Fed rate hikes; inflation weakness 'fading' Nasdaq
Chicago Fed: Slower Growth In August Investing
Tomorrow brings the S&P Corelogic Case-Shiller HPI, New Home Sales, and Consumer Confidence. Fed chair Yellen also speaks at 12:45AM EST.
The Markets:
Oil rose over 3% on signs that pledges to reduce the global supply glut have been effective.
The U.S. dollar index saw decent gains as the euro dropped markedly in reaction to the outcome of the German general election.
Treasuries climbed higher as the Dow, Nasdaq, and S&P dropped on renewed concerns about North Korea.
Among the big names making news in the market today were T-Mobile and Sprint, Alphabet, Nets, Deloitte, and Cenovus.
GATA Posts:
Chris Mullen: A report from the Nexus conference in Aspen
Hugo Salinas Price: If China links oil to gold, the world will change
Monetary metals industry shouldn't be so demoralized, Neumeyer tells KWN
Marcos son denies offer of gold to Filipinos
Record BIS intervention against gold signifies panic, Turk tells KWN
The Statistics:
As of close of business: 9/22/2017
Gold Warehouse Stocks: | 8,697,211.592 | - |
Silver Warehouse Stocks: | 218,719,720.866 | +529,720.456 |
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 | 856.077 | 27,523,717 | US$35,587m |
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$5,792m |
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$6,404m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$470m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 222.03
Silver Trust (SLV) Total Tonnes in Trust: 10,106.00
The Miners:
Banro’s (BAA) mine update, Taseko’s (TGB) permit, Yamana’s (AUY) general update, Barrick’s (ABX) debt reduction targets, Goldcorp’s (GG) project pipeline progress, and B2Gold’s (BTG) mill construction were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. B2Gold | BTG +9.09% $2.88 |
2. Harmony | HMY +4.84% $1.95 |
3. Buenaventura | BVN +4.05% $13.36 |
LOSERS
1. Northern Dynasty | NAK -7.45% $1.74 |
2. Taseko | TGB -6.04% $1.71 |
3. Gold Standard | GSV -3.55% $1.63 |
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: Monday, 25 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain 1%
