-- Published: Wednesday, 22 November 2017 | Print | Disqus
Please Note: US markets are closed tomorrow for Thanksgiving.
| Close | Gain/Loss |
Gold | $1291.40 | +$11.60 |
Silver | $17.14 | +$0.19 |
XAU | 81.75 | +1.35% |
HUI | 189.51 | +1.45% |
GDM | 637.61 | +1.16% |
JSE Gold | 1440.39 | +48.55 |
USD | 93.26 | -0.72 |
Euro | 118.24 | +0.89 |
Yen | 90.00 | +0.98 |
Oil | $58.02 | +$1.19 |
10-Year | 2.321% | -0.038 |
T-Bond | 154.50 | +0.40625 |
Dow | 23526.18 | -0.27% |
Nasdaq | 6867.36 | +0.07% |
S&P | 2597.08 | -0.08% |
The Metals:
Gold saw only modest gains in Asia and London, but it then climbed steadily higher in New York and ended near its late session high of $1294.50 with a gain of 0.91%. Silver rose to as high as $17.162 and ended with a gain of 1.12%.
Euro gold rose to about €1093, platinum gained $7 to $937, and copper climbed a penny to about $3.14.
Gold and silver equities rose over 1% by midday and remained near that level into the close.
The Economy:
Fed policymakers say rate increase likely warranted soon: minutes Reuters
Fed Signals December Hike Even as Debate on Prices Persists Bloomberg
U.S. core capital goods orders drop; business spending strong Reuters
Consumer sentiment in November was second-strongest in 13 years MarketWatch
U.S. Business Equipment Orders Fall for First Time Since June Bloomberg
U.S. jobless claims fall after two straight weekly increases Reuters
Friday brings the flash Composite Purchasing Managers' Index.
The Markets:
Oil remained higher after the Energy Information Administration reported that crude inventories fell 1.9 million barrels, gasoline inventories were unchanged, and distillates rose 300,000 barrels.
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P waffled near unchanged after minutes from the fed’s last meeting showed expectations for inflation to remain low.
Among the big names making news in the market today were Uber, Rockwell Automation, Hewlett Packard, and Deere.
GATA Posts:
S. African gold-mining firms allocate $361 million for lung disease settlement
The Statistics:
As of close of business: 11/21/2017
Gold Warehouse Stocks: | 8,826,263.200 | - |
Silver Warehouse Stocks: | 232,488,658.853 | +1,029,261.79 |
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 | 843.387 | 27,115,733 | US$34,888m |
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$5,733m |
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$6,335m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 237.78: +0.48 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.21: No change from yesterday’s data.
The Miners:
Nevsun’s (NSU) lawsuit and Almaden’s (AAU) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +5.93% $1.25 |
2. Tahoe Resources | TAHO +4.19% $4.72 |
3. AngloGold | AU +3.56% $10.18 |
LOSERS
1. Silvercorp | SVM -2.71% $2.51 |
2. Northern Dynasty | NAK -1.90% $2.06 |
3. Alexco | AXU -1.52% $1.30 |
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, 22 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1%
