-- Published: Thursday, 25 January 2018 | Print | Disqus
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.
U.S. new home sales post largest drop in 16 months; jobless claims up Reuters
U.S. economy primed for fast start to 2018, leading indicators show MarketWatch
Tomorrow brings International Trade in Goods, GDP, and Durable Goods Orders.
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 market today were GE, Home Depot, Microsoft, and Ford.
Alex Pollock: Confiscation of gold by the federal government -- a lesson
Mnuchin comment surprises markets, turns dollar decline into 'one-way bet'
Myanmar legalizes gold imports and exports
Commerce secretary says U.S. isn't abandoning 'strong dollar' policy
As of close of business: 1/24/2018
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: 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.
ASM +1.95% $1.57
FCX +1.12% $19.82
PZG +0.74% $1.36
NG -11.56% $3.90
3. First Majestic
AG -8.31% $6.51
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
- 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 2018
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: Thursday, 25 January 2018 | E-Mail | Print | Source: GoldSeek.com