-- Published: Thursday, 28 September 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1286.40 | +$2.60 |
Silver | $16.84 | +$0.09 |
XAU | 85.69 | +1.11% |
HUI | 198.46 | +1.06% |
GDM | 642.23 | +0.24% |
JSE Gold | 1308.16 | -2.79 |
USD | 93.16 | -0.26 |
Euro | 117.83 | +0.35 |
Yen | 89.05 | +0.30 |
Oil | $51.56 | -$0.58 |
10-Year | 2.311% | +0.009 |
T-Bond | 152.78125 | -0.15625 |
Dow | 22381.20 | +0.18% |
Nasdaq | 6453.45 | +0.00% |
S&P | 2510.06 | +0.12% |
The Metals:
Gold saw slight losses in Asia, but it then chopped back higher in London and New York and ended near its late session high of $1288.70 with a gain of 0.2%. Silver rose to as high as $16.892 and ended with a gain of 0.54%.
Euro gold fell to about €1092, platinum gained $1 to $920, and copper climbed 5 cents to about $2.97.
Gold and silver equities rose roughly 1% by midday and remained near that level for the rest of the day.
The Economy:
U.S. trade deficit shrinks in August, but the gap as widened in 2017 MarketWatch
U.S. Second-Quarter Growth Revised Upward to 3.1% Annual Pace Bloomberg
U.S. Jobless Claims Rise on Irma's Effects in Florida, Georgia Bloomberg
Mortgage rates stay flat but tax plan fallout looms ahead MarketWatch
Tomorrow brings Personal Income and Outlays, Chicago PMI, and Consumer Sentiment.
The Markets:
Oil dropped over 1% on profit taking.
The U.S. dollar index fell and treasuries edged lower while the Dow, Nasdaq, and S&P held near unchanged on frustration over the lack of details for Trump’s tax plan.
Among the big names making news in the market today were GoPro, Caltech, Aramco, Toshiba, Roku, McCormick, and Blackberry.
GATA Posts:
Jan Skoyles: Report in FT is favorable to gold standard
GoldMoney to accept bitcoin and ethereum for storage and exchange
The Statistics:
As of close of business: 9/27/2017
Gold Warehouse Stocks: | 8,761,405.917 | +64,300.00 |
Silver Warehouse Stocks: | 219,798,828.866 | +1,200,604.08 |
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 | 864.647 | 27,799,256 | US$35,665m |
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$5,708m |
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$6,306m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$462m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.069 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 226.62: +1.8 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.
The Miners:
Freeport’s (FCX) permit talks and New Gold’s (NGD) amendment to Schedule 2 of the Metal Mining Effluent Regulations were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. IAMGOLD | IAG +4.39% $6.66 |
2. Taseko | TGB +3.93% $1.85 |
3. Gold Standard | GSV +3.85% $1.62 |
LOSERS
1. Almaden | AAU -4.10% $1.17 |
2. Avino | ASM -1.86% $1.58 |
3. First Majestic | AG -1.83% $6.97 |
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, 28 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Bounce Higher
