-- Published: Thursday, 5 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1268.70 | -$6.70 |
Silver | $16.61 | UNCH |
XAU | 86.06 | -0.52% |
HUI | 199.41 | -0.67% |
GDM | 646.11 | -0.61% |
JSE Gold | 1345.55 | -9.00 |
USD | 93.95 | +0.50 |
Euro | 117.07 | -0.59 |
Yen | 88.65 | -0.12 |
Oil | $50.79 | +$0.81 |
10-Year | 2.347% | +0.017 |
T-Bond | 152.3125 | -0.25 |
Dow | 22775.39 | +0.50% |
Nasdaq | 6585.36 | +0.78% |
S&P | 2552.07 | +0.56% |
The Metals:
Gold waffled between $1273.30 and $1278.90 in Asia, but it then drifted back lower in London and New York and ended with a loss of 0.53%. Silver climbed up to $16.738 before it also fell back off, but it managed to close unchanged on the day.
Euro gold remained at €1084, platinum lost $1 to $911, and copper climbed 8 cents to about $3.04.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
Senate approves Trump pick as top Federal Reserve regulatory official Reuters
SF Fed's Williams: Low growth, low rates, likely here to stay Reuters
U.S. jobless claims fall; trade deficit narrows on strong exports Reuters
Tomorrow brings September’s jobs data, Wholesale Trade, and Consumer Credit.
The Markets:
Oil rose almost 2% on talk over a possible extension to previously pledged output cuts. Tropical Storm Nate also had traders worried.
The U.S. dollar index advanced higher and treasuries fell on steady economic data that kept interest rate outlooks on track and sent the Dow, Nasdaq, and S&P to new highs ahead of tomorrow’s jobs data.
Among the big names making news in the market today were Bitcoin, Bombardier, Netflix, UPS, FedEx, and Google.
GATA Posts:
Venezuela suggests global oil trade in Russian ruble, Chinese yuan
Open Mineral Exchange seeks to revolutionize commodity trading with online platform
The Statistics:
As of close of business: 10/4/2017
Gold Warehouse Stocks: | 8,767,613.620 | +6,207.703 |
Silver Warehouse Stocks: | 218,499,441.665 | -745,093.481 |
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 | 854.304 | 27,466,734 | US$34,993m |
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$5,654m |
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$6,253m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$457m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 229.59: +0.36 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,158.88: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) JV with Tonogold (TNGL) and Turquoise Hill’s (TRQ) community mine site visit were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +3.55% $4.41 |
2. Gold Standard | GSV +2.47% $1.66 |
3. New Gold | NGD +2.14% $3.81 |
LOSERS
1. Paramount | PZG -4.23% $1.36 |
2. Alio Gold | ALO -3.93% $4.16 |
3. IAMGOLD | IAG -3.54% $6.00 |
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, 5 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Back Off Before Jobs Day
