-- Published: Tuesday, 5 December 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1266.80 | -$9.50 |
Silver | $16.12 | -$0.22 |
XAU | 77.51 | -1.55% |
HUI | 179.77 | -1.65% |
GDM | 609.59 | -1.11% |
JSE Gold | 1322.47 | -64.42 |
USD | 93.32 | +0.15 |
Euro | 118.25 | -0.35 |
Yen | 88.91 | -0.03 |
Oil | $57.62 | +$0.15 |
10-Year | 2.357% | -0.015 |
T-Bond | 154.78125 | +0.65625 |
Dow | 24180.64 | -0.45% |
Nasdaq | 6762.21 | -0.19% |
S&P | 2629.57 | -0.37% |
The Metals:
Gold held near unchanged in Asia and London, but it then fell back off in early New York trade and ended not far from its late morning low of $1261.10 with a loss of 0.74%. Silver slipped to as low as $16.029 and with a loss of 1.35%.
Euro gold fell to about €1071, platinum lost $10 to $914, and copper dropped 13 cents to about $2.94.
Gold and silver equities fell a little over 1% by late morning and remained near that level for the rest of the day.
The Economy:
Growth in U.S. Service Industries Cools From a 12-Year High Bloomberg
U.S. trade deficit scales nine-month high; oil prices lift imports Reuters
Tomorrow brings ADP Employment and Productivity.
The Markets:
Oil edged higher on wariness about OPEC’s output cuts.
The U.S. dollar index pared early gains and treasuries rose as the Dow, Nasdaq, and S&P turned lower in afternoon trade on uncertainty about the details of the tax plan.
Among the big names making news in the market today were Disney and Fox, Wells Fargo, Dish Network, and McDonald’s.
GATA Posts:
Gold mining to resume in Wales after 20 years, just in time for royal wedding
An $814 million mystery near the heart of the biggest bitcoin exchange
People have spent over $1 million buying virtual cats on ethereum blockchain
The Statistics:
As of close of business: 12/4/2017
Gold Warehouse Stocks: | 8,906,485.958 | - |
Silver Warehouse Stocks: | 239,851,930.880 | +590,713.561 |
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 | 846.930 | 27,229,662 | US$34,468m |
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$5,612m |
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$6,197m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.182 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 241.58: -0.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,924.22: -4.22 change from yesterday’s data.
The Miners:
Nevsun’s (NSU) drill results, Turquoise Hill’s (TRQ) 2018 production and financial guidance, and Goldcorp’s (GG) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +3.58% $3.60 |
2. Gold Standard | GSV +3.50% $1.48 |
3. Freeport | FCX +0.46% $14.11 |
LOSERS
1. Taseko | TGB -7.41% $2.00 |
2. Avino | ASM -5.65% $1.17 |
3. Seabridge | SA -4.61% $10.35 |
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, 5 December 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks
