-- Published: Thursday, 9 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1286.10 | +$5.20 |
Silver | $17.01 | UNCH |
XAU | 81.88 | -0.64% |
HUI | 189.24 | -0.26% |
GDM | 634.86 | -0.10% |
JSE Gold | 1447.62 | -4.26 |
USD | 94.51 | -0.34 |
Euro | 116.43 | +0.44 |
Yen | 88.34 | +0.46 |
Oil | $57.17 | +$0.36 |
10-Year | 2.324% | -0.008 |
T-Bond | 153.90625 | -0.4375 |
Dow | 23461.94 | -0.43% |
Nasdaq | 6750.05 | -0.58% |
S&P | 2584.62 | -0.38% |
The Metals:
Gold gained $7.20 to $1288.10 in London before it dropped back to $1282.10 in late morning New York trade, but it then rallied back higher in afternoon trade and ended with a gain of 0.41%. Silver rose to as high as $17.14 and ended unchanged on the day.
Euro gold rose to about €1105, platinum gained $3.75 to $932.75, and copper remained at about $3.10.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Mortgage rates slide to 4-week low as tax overhaul stumbles MarketWatch
U.S. Wholesale Inventories Grew Modestly in September Fox Business
U.S. Consumer Comfort Stays High in Positive Sign for Economy Bloomberg
Filings for Jobless Benefits Show Steady U.S. Job Market Bloomberg
Tomorrow brings Consumer Sentiment.
The Markets:
Oil rose on geopolitical concerns in the Middle East.
The U.S. dollar index fell along with treasuries and the Dow, Nasdaq, and S&P on disappointment over a possible delay to tax cuts.
Among the big names making news in the market today were Boeing, Roku, Kohl’s, and Twitter.
GATA Posts:
Third-quarter gold demand slides to eight-year low, World Gold Council says
The Statistics:
As of close of business: 11/8/2017
Gold Warehouse Stocks: | 8,722,165.607 | -49,312.12 |
Silver Warehouse Stocks: | 229,957,882.826 | +192,009.616 |
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 | 843.092 | 27,106,237 | US$34,823m |
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$5,706m |
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$6,309m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$461m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 235.79: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.21: No change from yesterday’s data.
The Miners:
B2Gold’s (BTG) drill results, Eldorado’s (EGO) update on Greece, and Silvercorp’s (SVM) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +5.79% $1.28 |
2. Kinross | KGC +4.55% $4.37 |
3. DRDGOLD | DRD +4.52% $3.70 |
LOSERS
1. Hecla | HL -9.11% $4.19 |
2. Pan American | PAAS-6.00% $15.04 |
3. Alio Gold | ALO -5.14% $3.69 |
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, 9 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Stocks Fall on Tax Talk
