-- Published: Tuesday, 7 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1276.40 | -$4.60 |
Silver | $16.96 | -$0.28 |
XAU | 81.87 | -0.50% |
HUI | 188.48 | -0.09% |
GDM | 632.34 | -0.27% |
JSE Gold | 1438.96 | +21.17 |
USD | 94.90 | +0.16 |
Euro | 115.91 | -0.20 |
Yen | 87.79 | -0.13 |
Oil | $57.20 | -$0.15 |
10-Year | 2.309% | -0.008 |
T-Bond | 154.50 | +0.28125 |
Dow | 23557.23 | +0.04% |
Nasdaq | 6767.78 | -0.27% |
S&P | 2590.64 | -0.02% |
The Metals:
Gold edged down to $1275.30 at about 4AM EST before it bounced back to $1280.10 in midmorning New York trade and then dropped to a new session low of $1272.30 by late morning, but it then chopped back higher into the close and ended with a loss of just 0.36%. Silver slipped to $16.987 before it rallied back to $17.183, but it then fell to $16.925 in early afternoon trade and ended with a loss of 1.65%.
Euro gold fell to about €1101, platinum lost $12.50 to $920.50, and copper fell 7 cents to about $3.09.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
U.S. job openings stay close to record high MarketWatch
U.S. department stores tap brakes on stocking for holiday season Reuters
House tax panel chair says expects vote on plan next week Reuters
Saudi Crackdown Widens as More Bank Accounts Said Frozen Bloomberg
Tomorrow brings MBA Mortgage Applications.
The Markets:
Oil held near unchanged ahead of tomorrow’s supply data as traders also keep an eye on future developments in Saudi Arabia.
The U.S. dollar index rose as the euro fell on central bank policy outlooks.
Treasuries edged higher as the Dow, Nasdaq, and S&P dropped from new record highs hit in the first hour of trade and ended mostly lower on geopolitical and tax uncertainty.
Among the big names making news in the market today were Teva, Toyota, Apple, Deutsche Bank, and ADP.
GATA Posts:
'Buy bitcoin' overtakes 'buy gold' as online search phrase
The Statistics:
As of close of business: 11/6/2017
Gold Warehouse Stocks: | 8,684,503.505 | -29,312.128 |
Silver Warehouse Stocks: | 230,368,877.872 | +385,362.83 |
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 | 845.455 | 27,182,212 | US$34,671m |
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$5,658m |
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$6,252m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
Note: Change in Total Tonnes from yesterday’s data: SPD subtracted 0.292 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 235.19: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,922.58: No change from yesterday’s data.
The Miners:
New Gold’s (NGD) director resignation, Northern Dynasty’s (NAK) new Executive Vice President of External Affairs, Centerrra Gold’s (CG.TO) acquisition of AuRico Metals (AMI.TO), and Hecla’s (HL) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +16.92% $1.52 |
2. Great Panther | GPL +4.31% $1.21 |
3. Kinross | KGC +2.75% $4.11 |
LOSERS
1. Tahoe | TAHO -7.87% $4.45 |
2. Harmony | HMY -4.35% $1.76 |
3. Eldorado | EGO -3.17% $1.22 |
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, 7 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Back A Bit
