-- Published: Thursday, 8 February 2018 | Print | Disqus
Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $1312.70 in the next hour of trade, but it then climbed to a new session high of $1321.90 by early afternoon and ended with a gain of 0.14%. Silver rose to as high as $16.467 and ended with a gain of 0.31%.
Euro gold rose to about €1076, platinum lost $9 to $969, and copper fell 2 cents to about $3.08.
Gold and silver equities fell almost 1% in the first hour of trade before they chopped back higher at times, but they then edged back lower into the close and ended near their lows of the day.
U.S. Jobless Claims Decline, Approach an Almost 45-Year Low Bloomberg
Fed is 'a long way away' from having to raise interest rates due to wage pressure: Kashkari MarketWatch
Congress expected to vote on budget to avert government shutdown Reuters
Tomorrow brings Wholesale Trade Inventories.
Oil fell another 1% on news of record high US crude output and the reopening of the North Sea’s largest crude pipeline.
The U.S. dollar index ended slightly lower in mixed trade as the yen rose on safe haven buying.
Treasuries turned down after a disappointing 30-year note auction.
The Dow, Nasdaq, and S&P dropped about 4% on renewed concerns about rising interest rates.
Among the big names making news in the market today were Total, Alibaba, Tesla, Twitter, Teva, New York Times, and GrubHub.
Dollar will stay weak if China has its way, Morgan Stanley says
U.S. deliberately keeping dollar low, ECB's Nowotny tells newspaper
As of close of business: 2/7/2018
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 2.361 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,767.91: No change from yesterday’s data.
BTG +2.89% $2.85
PVG +2.68% $6.89
3. Great Panther
GPL +2.52% $1.22
1. Northern Dynasty
NAK -5.93% $1.11
FCX -3.92% $17.16
SBGL -3.76% $4.09
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, 8 February 2018 | E-Mail | Print | Source: GoldSeek.com