-- Published: Wednesday, 17 January 2018 | Print | Disqus
Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new session low of $1332.00 in late morning New York trade and then jumped back to as high as $1340.50 in early afternoon trade, but it then dropped to a new session low of $1327.00 in late trade and ended with a loss of 0.77%. Silver slipped to as low as $16.992 and ended with a loss of 1.1%.
Euro gold fell to about €1088, platinum gained $2.50 to $999.50, and copper lost 2 cents to about $3.19.
Gold and silver equities turned slight losses into modest gains by early afternoon, but they then drifted back lower into the close and ended over 1% lower.
Fed's Beige Book finds muted reaction to Republican tax plan MarketWatch
Homebuilder Sentiment in U.S. Cools in January From 18-Year High Bloomberg
U.S. Manufacturing Output Rose in December for Fourth Month Bloomberg
U.S. mortgage application volume hits six-week high: MBA Reuters
As Trump heads to Davos, survey points to rising risk of war Reuters
Tomorrow brings Initial Jobless Claims, Housing Starts, and the Philadelphia Fed.
Oil edged higher ahead of tomorrow’s holiday delayed inventory data.
The U.S. dollar index closed higher on optimism over the outlook for Congress to avert a possible government shutdown.
Treasuries fell as the Dow, Nasdaq, and S&P soared roughly 1% higher on accelerating earnings growth.
Among the big names making news in the market today were GE, Barclays, Apple, Rolls-Royce, Ford, Tiffany's, Goldman Sachs, and Bank of America.
Dollar's weakness unsettles central bankers
Monetary metals holding up well despite suppression, GATA chairman says
As of close of business: 1/16/2018
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 250.22: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday’s data.
McEwen’s (MUX) exploration outlook, New Gold’s (NGD) 2017 fourth quarter and full-year production results, 2018 guidance, and projects update, and Fortuna’s (FSM) 2017 production figures and 2018 guidance were among the big stories in the gold and silver mining industry making headlines today.
1. Americas Silver
USAS +3.31% $4.37
FCX +2.33% $19.77
NSU +1.67% $2.44
1. New Gold
NGD -6.98% $3.20
2. Alio Gold
ALO -4.52% $3.59
GG -4.48% $14.70
Winners & Losers tracks NYSE 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, 17 January 2018 | E-Mail | Print | Source: GoldSeek.com