-- Published: Wednesday, 31 January 2018 | Print | Disqus
Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon’s fed statement, but it then shot back higher into the close and ended near its late session high of $1347.50 with a gain of 0.67%. Silver rose to as high as $17.385 and ended with a gain of 1.29%.
Euro gold rose to about €1084, platinum gained $8.50 to $1000 , and copper remained at about $3.20.
Gold and silver equities waffled near unchanged and ended over 1% higher on the day.
Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds Bloomberg
U.S. Raises Longer-Term Debt Sales as Budget Deficit Worsens Bloomberg
Fed leaves rates unchanged but gives more aggressive inflation expectations CNBC
Janet Yellen's Fed Era Ends With Unanimous Vote of No Rate Hike Bloomberg
Fed holds interest rates steady, sees inflation rising this year Reuters
Fed takes step toward rate hike as baton set to pass to Powell MarketWatch
U.S. pending home sales rise 0.5 percent in December Reuters
Chicago PMI slips from nine-year high MarketWatch
Private jobs up 234K in January vs. 185K est.: ADP Moody's Analytics CNBC
Employment Costs in U.S. Match Fastest 12-Month Gain Since 2008 Bloomberg
Tomorrow brings Initial Jobless Claims, Productivity and Costs, PMI Manufacturing, ISM Manufacturing, and Construction Spending.
Oil turned slightly higher after the Energy Information Administration reported that crude inventories rose 6.8 million barrels, gasoline inventories fell 2.0 million barrels, and distillates fell 1.9 million barrels.
The U.S. dollar index briefly flirted with gains after today’s fed announcement raised inflation expectations, but it ultimately fell back off by the close on concerns about the budget deficit that sent treasuries higher.
The Dow, Nasdaq, and S&P bounced back from yesterday’s notable losses in morning trade before they fell to see slight losses after the fed announcement, but they then rallied back higher into the close and ended with modest gains on steady growth expectations.
Among the big names making news in the market today were Kodak, Kroger, Nasdaq, Fujifilm, Microsoft, Google, and Boeing.
World will remonetize metals if price suppression is ever defeated, GATA secretary says
Banks are in the clear if they rig markets as U.S. government's agents
A modern land rush? Trump move opens Utah to mining claims under 1872 law
Mnunchin says his dollar policy isn't aimed at jawboning it lower
Digital gold from Perth Mint threatens $122 billion in gold-backed ETFs
As of close of business: 1/30/2018
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.18 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 260.77: +1.63 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.28: No change from yesterday’s data.
Rio Tinto’s (RIO) and Turquoise Hill’s (TRQ) tax allegations, Nevsun’s (NSU) 2018 outlook and guidance, Seabridge Gold’s (SA) drilling summary and development approach, IAMGOLD’s (IAG) drill results, and Silver Bull’s (SVBL) drill results were among the big stories in the gold and silver mining industry making headlines today.
HMY +5.99% $1.77
EGO +4.00% $1.30
3. Gold Fields
GFI +3.63% $4.28
1. Northern Dynasty
NAK -14.66 $0.99
NSU -8.89% $2.05
3. Gold Standard
GSV -2.70% $1.80
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, 31 January 2018 | E-Mail | Print | Source: GoldSeek.com