-- Published: Wednesday, 25 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1277.40 | -$0.40 |
Silver | $16.94 | -$0.03 |
XAU | 82.61 | -1.07% |
HUI | 189.57 | -1.06% |
GDM | 631.75 | -0.80% |
JSE Gold | 1346.37 | +26.00 |
USD | 93.72 | -0.24 |
Euro | 118.03 | +0.42 |
Yen | 88.00 | -0.03 |
Oil | $52.18 | -$0.29 |
10-Year | 2.434% | +0.017 |
T-Bond | 151.03125 | -0.65625 |
Dow | 23329.46 | -0.48% |
Nasdaq | 6563.89 | -0.52% |
S&P | 2557.15 | -0.47% |
The Metals:
Gold fell $6.70 to $1271.10 at about 8:45AM EST, but it then chopped up to as high as $1279.80 in early afternoon trade and ended with a loss of just 0.03%. Silver rose to as high as $17.001 and ended with a loss of 0.18%.
Euro gold fell to about €1082, platinum lost $0.50 to $921, and copper fell a couple of cents to about $3.17.
Gold and silver equities dropped roughly 1% by late morning and remained near that level for the rest of the day.
The Economy:
New-home sales roar to a 10-year high in September MarketWatch
August FHFA Home Price Index Up 0.7% from July Builder Magazine
U.S. durable goods data suggests strong business equipment spending Reuters
Yellen Finds Unlikely Advocate at White House: Trump Bloomberg
Tomorrow brings Initial Jobless Claims, International Trade in Goods, and Pending Home Sales.
The Markets:
Oil pared early losses after the Energy Information Administration reported that crude inventories rose 900,000 barrels, gasoline inventories fell 5.5 million barrels, and distillates fell 5.2 million barrels.
The U.S. dollar index fell along with treasuries and the Dow, Nasdaq, and S&P on mixed earnings reports and political uncertainty.
Among the big names making news in the market today were Boeing, Uber, Sprint, Toyota, Coke, and Visa.
GATA Posts:
India's efforts to curb the rupee are getting harder
The Statistics:
As of close of business: 10/24/2017
Gold Warehouse Stocks: | 8,511,328.736 | - |
Silver Warehouse Stocks: | 226,190,870.866 | -71,250.27 |
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 | 853.132 | 27,429,045 | US$34,962m |
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$5,667m |
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$6,262m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 231.89: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,962.09: No change from yesterday’s data.
The Miners:
Barrick Gold's (ABX) Tanzania deal, Freeport’s (FCX) talks with Indonesia and third quarter results, Sandstorm’s (SAND) business combination, and Fresnillo’s (FRES.L) third quarter output were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +2.47% $1.66 |
2. AngloGold | AU +1.59% $9.56 |
3. Gold Fields | GFI +1.28% $3.96 |
LOSERS
1. Eldorado | EGO -12.16% $1.30 |
2. Almaden | AAU -4.91% $1.07 |
3. Alexco | AXU -3.97% $1.21 |
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: Wednesday, 25 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Barely Lower
