-- Published: Tuesday, 31 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1270.60 | -$5.00 |
Silver | $16.72 | -$0.12 |
XAU | 81.20 | -1.42% |
HUI | 186.14 | -1.60% |
GDM | 624.70 | -1.11% |
JSE Gold | 1376.93 | -3.52 |
USD | 94.56 | +0.12 |
Euro | 116.51 | -0.07 |
Yen | 88.02 | -0.45 |
Oil | $54.38 | +$0.23 |
10-Year | 2.376% | +0.008 |
T-Bond | 152.4375 | +0.0625 |
Dow | 23377.24 | +0.12% |
Nasdaq | 6727.67 | +0.43% |
S&P | 2575.26 | +0.09% |
The Metals:
Gold fell $7.70 to $1267.90 in midmorning New York trade before it edged back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $16.643 and ended with a loss of 0.71%.
Euro gold fell to about €1091, platinum remained at $917, and copper dropped a penny to about $3.09.
Gold and silver equities fell a little over 1% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Consumer confidence climbs to a nearly 17-year high in October MarketWatch
Chicago PMI jumps to six-and-a-half-year high in October MarketWatch
Home-Price Gains in 20 U.S. Cities Showed Acceleration in August Bloomberg
U.S. employment costs hit nine-year high MarketWatch
Tomorrow brings ADP Employment, PMI Manufacturing, ISM Manufacturing, Construction Spending, and a FOMC Meeting Announcement.
The Markets:
Oil remained strong on the outlook for an extension to supply cuts.
The U.S. dollar index traded mostly slightly higher on mixed economic data that held treasuries near unchanged.
The Dow, Nasdaq, and S&P rose on hopes for tax cuts.
Among the big names making news in the market today were Under Armour, BP, Mastercard, Pfizer, and Kellogg.
GATA Posts:
So long, cryptos: CME Group plans bitcoin futures
Elaborate fake gold bar sparks investigation by RBC and police
Gold market is moving from West to East, Shanghai exchange chief says
The Statistics:
As of close of business: 10/30/2017
Gold Warehouse Stocks: | 8,707,177.723 | -32.151 |
Silver Warehouse Stocks: | 225,904,006.422 | +141,513.065 |
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 | 850.769 | 27,353,060 | US$34,731m |
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$5,639m |
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$6,232m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$456m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 234.34: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,926.85: +0.76 change from yesterday’s data.
The Miners:
WINNERS
1. Alexco | AXU +10.81% $1.23 |
2. Taseko | TGB +4.23% $2.22 |
3. Seabridge | SA +2.64% $13.60 |
LOSERS
1. Eldorado | EGO -8.09% $1.25 |
2. New Gold | NGD -6.80% $3.29 |
3. Endeavour Silver | EXK -4.15% $2.08 |
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: Tuesday, 31 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Stocks Bounce Back
