-- Published: Friday, 29 September 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1280.00 | -$6.40 | -1.31% |
Silver | $16.65 | -$0.19 | -1.94% |
XAU | 84.65 | -1.21% | -1.64% |
HUI | 196.50 | -0.99% | -1.50% |
GDM | 638.20 | -0.58% | -1.91% |
JSE Gold | 1324.64 | +16.48 | +1.36% |
USD | 93.06 | -0.10 | +0.97% |
Euro | 118.20 | +0.37 | -1.07% |
Yen | 88.97 | -0.08 | -0.08% |
Oil | $51.67 | +$0.11 | +1.99% |
10-Year | 2.332% | +0.021 | +3.46% |
Bond | 152.65625 | -0.125 | -1.73% |
Dow | 22405.09 | +0.11% | +0.25% |
Nasdaq | 6495.96 | +0.66% | +1.07% |
S&P | 2519.36 | +0.37% | +0.68% |
The Metals:
Gold edged up to $1290.10 at about 8:45AM EST before it drifted back lower into the close, but it ended with a loss of just 0.5%. Silver slipped to as low as $16.632 and ended with a loss of 1.13%.
Euro gold fell to about €1083, platinum lost $12.50 to $907.50, and copper fell a couple of cents to about $2.95.
Gold and silver equities chopped near unchanged and ended slightly lower.
The Economy:
Yellen’s ‘mystery’ of low inflation no closer to being solved as prices ease again in August MarketWatch
Trump and Mnuchin Met With Warsh to Discuss Fed Chair Bloomberg
Chicago PMI 65.2 vs 58.7 expected forexlive
Consumer sentiment eases, but stays strong in the face of hurricanes and politics MarketWatch
Fewer auto sales dent consumer spending in August, inflation still weak, PCE shows MarketWatch
Next week’s economic highlights include PMI Manufacturing, ISM Manufacturing, and Construction Spending on Monday, ADP employment and ISM Non-Manufacturing on Wednesday, Initial Jobless Claims and International Trade on Thursday, and September’s jobs data, Wholesale Trade, and Consumer Credit on Friday.
The Markets:
Oil waffled near unchanged on vagueness about the amount of supply coming from both Iraq and the US shale industry.
The U.S. dollar index edged lower along with treasuries on mixed economic data and fed uncertainty.
The Dow, Nasdaq, and S&P traded mostly higher amid talk over the possibility of a new fed chair.
Among the big names making news in the market Friday were Deutsche Bank, Cornell, HSBC, and Volkswagen.
GATA Posts:
Cryptocurrencies drop as South Korea bans new coin offerings, margin trading
Chaos and hackers stalk investors on cryptocurrency exchanges
Monetary Metals provides lease rate charts to Goldseiten
The Statistics:
Activity from: 9/28/2017
Gold Warehouse Stocks: | 8,737,775.667 | -23,630.25 |
Silver Warehouse Stocks: | 219,795,915.916 | -2,912.95 |
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$35,658m |
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$5,705m |
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$6,304m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$460m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.37: +0.75 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.
The Miners:
Golden Star’s (GSS) stoping and Alamos Gold’s (AGI) dividend were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tahoe Resource | TAHO +2.13% $5.27 |
2. Alio Gold | ALO +1.61% $4.43 |
3. Goldcorp | GG +1.57% $12.96 |
LOSERS
1. IAMGOLD | IAG -8.41% $6.10 |
2. Eldorado | EGO -4.35% $2.20 |
3. Alexco | AXU -3.01% $1.45 |
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, 29 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 1% and 2% on the Week
