-- Published: Tuesday, 3 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1271.90 | +$0.50 |
Silver | $16.63 | +$0.04 |
XAU | 85.98 | +1.12% |
HUI | 199.52 | +1.37% |
GDM | 645.16 | +0.88% |
JSE Gold | 1342.07 | +30.29 |
USD | 93.57 | -0.05 |
Euro | 117.48 | +0.11 |
Yen | 88.62 | -0.17 |
Oil | $50.42 | -$0.16 |
10-Year | 2.328% | -0.013 |
T-Bond | 152.75 | +0.0625 |
Dow | 22641.67 | +0.37% |
Nasdaq | 6531.71 | +0.23% |
S&P | 2534.58 | +0.22% |
The Metals:
Gold waffled between $1268.40 and $1272.4 in Asia before it popped up to $1274.50 in early afternoon New York trade and then drifted back lower into the close, but it still ended with a gain of 0.04%. Silver rose to as high as $16.66 and ended with a gain of 0.24%.
Euro gold remained at about €1083, platinum lost $1 to $910, and copper climbed a penny to about $2.96.
Gold and silver equities rose roughly 1% by late morning and remained near that level for the rest of the day.
The Economy:
Bond Traders Place Biggest Short in Treasuries in Over a Decade Bloomberg
NRF sees holiday sales up 3.6-4 percent, slightly below 2016's growth Reuters
Warsh would be strange pick as Fed chair for a president who says he cares about jobs MarketWatch
Tomorrow brings ADP employment and ISM Non-Manufacturing. Janet Yellen also speaks at 3:15PM EST at the Community Banking in the 21st Century Conference in St. Louis.
The Markets:
Oil held near unchanged ahead of tomorrow’s supply data.
The U.S. dollar index edged lower as the euro advanced on thoughts that the ECB may signal a more cautious tone when Draghi speaks tomorrow.
Treasuries traded mixed while the Dow, Nasdaq, and S&P bumped higher on strong car sales reports.
Among the big names making news in the market today were JPMorgan, Tesla, GM, Ford, Toyota, Paychex, Google, Tesla, Bitcoin, and Wal-Mart.
GATA Posts:
HSBC, Deutsche Bank pay penalties for FX rate manipulation
The Statistics:
As of close of business: 10/2/2017
Gold Warehouse Stocks: | 8,761,405.917 | - |
Silver Warehouse Stocks: | 218,701,211.186 | +579,875.13 |
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 | 859.328 | 27,628,244 | US$35,178m |
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$5,657m |
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$6,254m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$456m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.319 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.56: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.
The Miners:
Paramount’s (PZG) priced offering, Seabridge Gold’s (SA) drill results, and First Majestic’s (AG) mine accident were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +9.95% $2.10 |
2. Tahoe | TAHO +4.09% $5.35 |
3. Avino | ASM +3.33% $1.55 |
LOSERS
1. Paramount | PZG -6.96% $1.46 |
2. Alio | ALO -1.81% $4.33 |
3. First Majestic | AG -1.13% $6.83 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2017
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Tuesday, 3 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
