-- Published: Friday, 3 November 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1270.10 | -$6.10 | -0.24% |
Silver | $16.84 | -$0.28 | UNCH |
XAU | 80.72 | -0.71% | -1.04% |
HUI | 186.03 | -0.70% | -0.55% |
GDM | 623.54 | -0.47% | -0.19% |
JSE Gold | 1386.46 | -10.97 | +1.02% |
USD | 94.94 | +0.25 | +0.06% |
Euro | 116.13 | -0.47 | +0.11% |
Yen | 87.68 | -0.02 | -0.36% |
Oil | $55.64 | +$1.10 | +3.23% |
10-Year | 2.332% | -0.015 | -3.60% |
Bond | 153.90625 | +0.4375 | +1.69% |
Dow | 23539.19 | +0.10% | +0.45% |
Nasdaq | 6764.44 | +0.74% | +0.94% |
S&P | 2587.84 | +0.31% | +0.26% |
The Metals:
Gold gained $3.50 to $1279.70 just after 8:30AM EST before it fell back to $1265.70 in late morning New York trade and then edged back higher into the close, but it still ended with a loss of 0.48%. Silver slipped to as low as $16.785 and ended with a loss of 1.64%.
Euro gold remained at about €1094, platinum lost $3 to $918, and copper fell a couple of cents to about $3.11.
Gold and silver equities fell roughly 1.5% by late morning, but they then bounced back higher in afternoon trade and ended only modestly lower on the day.
The Economy:
A Record Number of Americans Left Jobs for Labor-Force Sidelines in October Bloomberg
Growth in U.S. Service Industries Is Strongest Since 2005 Bloomberg
U.S. factory orders rise, core capital goods orders revised higher Reuters
U.S. Trade Deficit Widens as Import Gain Barely Exceeds Exports Bloomberg
U.S. Adds 261,000 Jobs as Hurricane Effect Reverses; Pay Stalls Bloomberg
U.S. job growth accelerates, jobless rate falls to 4.1 percent Reuters
U.S. adds 261,000 jobs in October in hurricane-inflated gain MarketWatch
Next week’s economic highlights include Consumer Credit on Tuesday, Initial Jobless Claims and Wholesale Trade on Thursday, and Consumer Sentiment and the Treasury Budget on Friday.
The Markets:
Oil rose another 2% on continued optimism for more supply cuts.
The U.S. dollar index jumped between notable gains and losses and treasuries ultimately rose on mixed economic data that sent the Dow, Nasdaq, and S&P to new highs.
Among the big names making news in the market Friday were Airbus, Alibaba, and Apple.
GATA Posts:
Hong Kong gold trade linked to Shenzhen; Dubai, Singapore, Myanmar next?
Site chosen for Texas bullion depository
Bitcoin may be biggest challenge yet to gold and silver
Iran asks Putin to eliminate use of dollar to isolate U.S.
Big bitcoin exchange just added 100,000 users in a day
The Statistics:
Activity from: 11/02/2017
Gold Warehouse Stocks: | 8,707,177.723 | +9,066.30 |
Silver Warehouse Stocks: | 227,145,799.892 | +352,681.445 |
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 | 846.042 | 27,201,101 | US$34,456m |
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$5,630m |
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$6,225m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$456m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.545 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 234.29: -0.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,922.58: -4.27 change from yesterday’s data.
The Miners:
Buenaventura’s (BVN) work stoppage and Alexco’s (AXU) third quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Paramount | PZG +2.48% $1.24 |
2. Turquoise | TRQ +2.30% $3.12 |
3. Nevsun | NSU +1.70% $2.39 |
LOSERS
1. First Majestic | AG -6.65% $6.46 |
2. Endeavour Silver | EXK -5.05% $2.07 |
3. Gold Standard | GSV -4.14% $1.275 |
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, 3 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Ends Barely Lower on the Week
