-- Published: Thursday, 1 February 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1350.00 | +$4.30 |
Silver | $17.24 | -$0.09 |
XAU | 87.60 | -0.07% |
HUI | 196.70 | +0.13% |
GDM | 661.96 | -0.27% |
JSE Gold | 1244.84 | -0.24 |
USD | 88.59 | -0.51 |
Euro | 125.19 | +1.06 |
Yen | 91.44 | -0.26 |
Oil | $65.80 | +$1.07 |
10-Year | 2.779% | +0.059 |
T-Bond | 146.125 | -1.6875 |
Dow | 26186.71 | +0.14% |
Nasdaq | 7385.86 | -0.35% |
S&P | 2821.98 | -0.06% |
The Metals:
Gold fell $8.30 to $1337.40 in London, but it then rallied back higher throughout most of trade in New York and ended near its late session high of $1350.60 with a gain of 0.32%. Silver slipped to as low as $17.107 and ended with a loss of 0.52%.
Euro gold fell to about €1079, platinum gained $5 to $1005, and copper climbed a couple of cents to about $3.22.
Gold and silver equities waffled near unchanged and ended mixed on the day.
The Economy:
U.S. factory activity slows; labor market tightening Reuters
U.S. Manufacturing Expands at Close to Quickest Pace Since 2004 Bloomberg
US January final Markit manufacturing PMI 55.5 vs 55.5 expected forexlive
U.S. Construction Spending Rose in 2017 by Least in Six Years Bloomberg
Factories start 2018 on solid footing Reuters
U.S. Productivity Fell 0.1% Last Quarter to Extend Sluggish Run Bloomberg
U.S. jobless claims unexpectedly fall as job market strengthens Reuters
Tomorrow brings January’s jobs data, Consumer Sentiment, and Factory Orders.
The Markets:
Oil rose nearly 2% “after a survey showed OPEC’s commitment to its supply cuts remains in place.”
The U.S. dollar index dropped as the euro climbed higher on strong manufacturing data that allows the ECB to normalize monetary policy at upcoming meetings.
Treasuries fell on profit-taking.
The Dow, Nasdaq, and S&P traded mixed ahead of tomorrow’s jobs data and earnings reports.
Among the big names making news in the market today were Square, Lowe’s, Time Warner, UPS, DowDuPont, Alibaba, Microsoft, Facebook, and Mastercard.
GATA Posts:
Indian government plans to eliminate use of cryptocurrencies
Germany's gold repatriation leader elected chairman of Bundestag's budget committee
South Korea doesn't plan to stop crypto trading
The Statistics:
As of close of business: 1/31/2018
Gold Warehouse Stocks: | 9,257,855.482 | - |
Silver Warehouse Stocks: | 246,260,704.970 | -716,078.513 |
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 | 841.353 | 27,050,351 | US$36,372m |
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$5,960m |
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$6,590m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$482m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.132 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.31: +0.54 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,736.88: -26.40 change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) revolving credit facility, Golden Star’s (GSS) commercial production achievement, and Pan American’s (PAAS) filed technical report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD | DRD +4.76% $3.08 |
2. Nevsun | NSU +3.90% $2.13 |
3. Buenaventura | BVN +2.07% $15.75 |
LOSERS
1. Harmony | HMY +2.26% $1.73 |
2. Avino | ASM -2.11% $1.39 |
3. Alexco | AXU -1.96% $1.50 |
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: Thursday, 1 February 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Jumps Higher in Late Trade
