-- Published: Wednesday, 13 December 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1255.20 | +$10.80 |
Silver | $16.05 | +$0.32 |
XAU | 79.89 | +3.89% |
HUI | 181.41 | +3.68% |
GDM | 613.01 | +2.97% |
JSE Gold | 1246.88 | -21.63 |
USD | 93.44 | -0.60 |
Euro | 118.27 | +0.80 |
Yen | 88.89 | +0.77 |
Oil | $56.60 | -$0.54 |
10-Year | 2.345% | -0.059 |
T-Bond | 154.8125 | +1.03125 |
Dow | 24585.43 | +0.33% |
Nasdaq | 6875.80 | +0.20% |
S&P | 2662.85 | -0.05% |
The Metals:
Gold fell $4.20 to $1240.20 in London, but it then jumped to as high as $1256.80 in afternoon New York trade and ended with a gain of 0.87%. Silver surged to as high as $16.146 and ended with a gain of 2.03%.
Euro gold rose above €1061, platinum gained $5.50 to $884.50, and copper climbed 4 cents to about $3.04.
Gold and silver equities gained throughout most of the day and ended almost 4% higher on the day.
The Economy:
Fed lifts interest rates but sticks to go-slow approach as Yellen era nears end MarketWatch
Fed lifts interest rates, keeps 2018 policy outlook unchanged Reuters
Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End Bloomberg
U.S. Inflation Picks Up on Energy Costs; Core Gauge Slows Bloomberg
Tomorrow brings Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories.
The Markets:
Oil dropped 1% after the Energy Information Administration reported that crude inventories fell 5.1 million barrels, gasoline inventories rose 5.7 million barrels, and distillates fell 1.4 million barrels.
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P pared early gains and ended mixed after the fed failed to increase its forecast for the number of interest rate hikes next year.
Among the big names making news in the market today were T-Mobile, Target, and Google.
GATA Posts:
Eric Sprott interviewed by Bullion Star at Australia's Precious Metals Investment Symposium
The Statistics:
As of close of business: 12/12/2017
Gold Warehouse Stocks: | 8,966,067.308 | -16,075.00 |
Silver Warehouse Stocks: | 240,961,485.035 | +604,207.97 |
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 | 842.811 | 27,097,213 | US$33,667m |
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$5,532m |
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$6,115m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$451m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 242.84: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,161.96: No change from yesterday’s data.
The Miners:
WINNERS
1. First Majestic | AG +11.03% $7.35 |
2. Silvercorp | SVM +10.92% $2.54 |
3. Endeavour Silver | EXK +10.10% $2.29 |
LOSERS
1. Paramount | PZG -0.80% $1.24 |
2. New Gold | NGD -0.33% $2.99 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2017
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Wednesday, 13 December 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1% and 2%
