-- Published: Wednesday, 29 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1285.10 | -$8.00 |
Silver | $16.56 | -$0.29 |
XAU | 79.65 | -1.84% |
HUI | 185.86 | -1.84% |
GDM | 626.65 | -1.74% |
JSE Gold | 1446.01 | -1.79 |
USD | 93.24 | -0.01 |
Euro | 118.55 | +0.10 |
Yen | 89.46 | -0.34 |
Oil | $57.30 | -$0.69 |
10-Year | 2.385% | +0.057 |
T-Bond | 153.28125 | -1.00 |
Dow | 23940.68 | +0.44% |
Nasdaq | 6824.39 | -1.27% |
S&P | 2626.07 | -0.04% |
The Metals:
Gold gained $3.50 to $1296.60 in Asia before it slid back to $1282.10 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.62%. Silver slipped to as low as $16.517 and ended with a loss of 1.72%.
Euro gold fell to about €1084, platinum lost $8 to $937, and copper dropped 3 cents to about $3.04.
Gold and silver equities fell almost 2% by late morning and remained near that level for the rest of the day.
The Economy:
Fed Says Price Pressures Rising With Economic Growth Steady Bloomberg
Pending-home sales pop in October, snapping three-month losing streak MarketWatch
U.S. Third-Quarter Growth Revised Up to 3.3%, Three-Year High Bloomberg
Yellen Says U.S. Expansion Widening, Downplays Financial Risks Bloomberg
Tomorrow brings Initial Jobless Claims, Personal Income and Outlays, and Chicago PMI.
The Markets:
Oil fell another 1% on uncertainty about the conclusion of OPEC’s meeting tomorrow.
The U.S. dollar index held near unchanged as the pound jumped on Brexit progress.
Treasuries fell on Yellen’s optimistic remarks about economic growth.
The Dow saw decent gains while the Nasdaq and S&P followed tech shares lower.
Among the big names making news in the market today were SodaStream, Uber, Tiffany, RBC, Chipotle, and Snapchat.
GATA Posts:
McEwen Mining CEO admits gold market rigging but just shrugs at it
Harvey Organ: Doesn't Comex have gold for delivery anymore?
Goldman, Sumitomo, ANZ, and two Chinese banks said bidding for ScotiaMocatta
The Statistics:
As of close of business: 11/28/2017
Gold Warehouse Stocks: | 8,914,844.991 | - |
Silver Warehouse Stocks: | 234,825,027.709 | +1,139,569.33 |
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 | 839.548 | 26,992,301 | US$34,643m |
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$5,709m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.658 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 241.06: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,863.86: No change from yesterday’s data.
The Miners:
WINNERS
1. McEwen | MUX +1.01% $2.01 |
2. Great Panther | GPL +0.86% $1.17 |
3. Paramount | PZG +0.76% $1.33 |
LOSERS
1. Avino | ASM -4.58% $1.25 |
2. Alio Gold | ALO -3.95% $2.92 |
3. Randgold | GOLD-3.78% $93.39 |
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, 29 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 1% and 2%
