-- Published: Monday, 29 January 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1342.00 | -$7.60 |
Silver | $17.18 | -$0.23 |
XAU | 87.47 | -3.15% |
HUI | 195.77 | -3.73% |
GDM | 663.35 | -2.82% |
JSE Gold | 1300.17 | -12.92 |
USD | 89.36 | +0.26 |
Euro | 123.83 | -0.41 |
Yen | 91.91 | -0.06 |
Oil | $65.56 | -$0.58 |
10-Year | 2.691% | +0.032 |
T-Bond | 148.15625 | -0.59375 |
Dow | 26439.48 | -0.67% |
Nasdaq | 7466.51 | -0.52% |
S&P | 2853.53 | -0.67% |
The Metals:
Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours, but it still ended with a loss of 0.56%. Silver slipped to as low as $17.116 and ended with a loss of 1.32%.
Euro gold fell to about €1084, platinum lost $4 to $1006, and copper remained at about $3.20.
Gold and silver equities fell about 3% by midday and remained near that level for the rest of the day.
The Economy:
NAFTA negotiators still divided, but cite progress in talks Reuters
Fed to take a step toward a March interest-rate hike MarketWatch
U.S. Consumer Spending Rose in December, Saving Rate Dipped Bloomberg
Tomorrow brings S&P Corelogic Case-Shiller HPI and Consumer Confidence.
The Markets:
Oil dropped almost 1% on concerns about rising production in the US.
The U.S. dollar index rose and treasuries fell on hawkish ECB commentary that drove interest rates higher and the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were McDonald's, VMware, Apple, and Dr Pepper Snapple and Keurig Green Mountain.
GATA Posts:
Brandon White: Canada's bank regulator already considers gold the ultimate asset
GATA's Ed Steer interviewed in Vancouver on silver price suppression
In reversal, EPA deals setback to controversial gold mining proposal in Alaska
Divers find stash of rare gold coins at site of 1800s wreck off NC coast
Sprott comments on doubletalking U.S. dollar policy, teetering bond market
Coincheck says it lost $400 million in crypto coins
CFTC to fine UBS, Deutsche, HSBC for futures spoofing, manipulation, sources tell Reuters
The Statistics:
As of close of business: 1/26/2018
Gold Warehouse Stocks: | 9,291,179.101 | -22,041.942 |
Silver Warehouse Stocks: | 248,007,937.505 | +2,011,090.627 |
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 | 848.141 | 27,268,580 | US$36,633m |
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$5,949m |
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$6,570m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$482m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.18 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 257.95: +1.15 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.28: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) production guidance, Northern Dynasty’s (NAK) permitting, and First Majestic’s (AG) completed offering were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +0.46% $19.63 |
LOSERS
1. Northern Dynasty | NAK -21.57% $1.20 |
2. Avino | ASM -7.28% $1.40 |
3. Hecla | HL -7.26% $3.83 |
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: Monday, 29 January 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
