Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
By: Chris Mullen, Gold Seeker Report
-- Published: Thursday, 25 January 2018 | Print | Comment
Close
Gain/Loss
Gold
$1348.00
-$9.70
Silver
$17.30
-$0.26
XAU
89.91
-2.36%
HUI
202.24
-2.38%
GDM
678.63
-1.46%
JSE Gold
1327.01
+13.06
USD
89.28
+0.03
Euro
124.17
+0.15
Yen
91.65
-0.11
Oil
$65.51
-$0.10
10-Year
2.618%
-0.034
T-Bond
149.40625
+0.9375
Dow
26392.79
+0.54%
Nasdaq
7411.16
-0.05%
S&P
2839.25
+0.06%
The Metals:
Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back towards its earlier high by about 1:30PM EST, but it then dove back lower into the close and ended near its late session low of $134290 with a loss of 0.71%. Silver slipped to as low as $17.148 and ended with a loss of 1.48%.
Euro gold fell to about �1087, platinum lost $1 to $1013, and copper dropped 2 cents to about $3.22.
Gold and silver equities fell roughly 2% by midafternoon and remained near that level for the rest of the day.
Oil erased early gains and edged lower by the close as the U.S. dollar index jumped back higher in late trade after �President Donald Trump told CNBC on Thursday the dollar will strengthen over time under his leadership and that recent remarks made by Treasury Secretary Steven Mnuchin about the greenback were misinterpreted.�
Treasuries rose after Trump�s comments raised further questions and uncertainty about what policies his administration will actually be pursuing.
The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings reports.
Among the big names making news in the markettoday were GE, Home Depot, Microsoft, and Ford.
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
849.321
27,306,535
US$36,989m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb�rse (Deutsche B�rse - Xetra)
Gold Bullion Securities
138.13
4,441,056
US$6,043m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb�rse (Deutsche B�rse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
152.66
4,908,200
US$6,679m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$484m
Note: No change in Total Tonnes from yesterday�s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 254.94: +0.50 change from yesterday�s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,736.88: No change from yesterday�s data.
Freeport�s (FCX) fourth-quarter and year-end results, NOVAGOLD�s (NG) fourth-quarter and year-end financial results, IAMGOLD�s (IAG) exploration rights, Great Panther�s (GPL) updated Mineral Resource Estimate, First Majestic�s (AG) priced offering, and Endeavour Silver�s (EXK) 2018 production and cost guidance were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Avino
ASM +1.95% $1.57
2.Freeport
FCX +1.12% $19.82
3.Paramount
PZG +0.74% $1.36
LOSERS
1.NOVAGOLD
NG -11.56% $3.90
2.Pretivm
PVG-10.56% $7.45
3.First Majestic
AG -8.31% $6.51
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
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