Gold Seeker Closing Report: Gold and Silver Waffle Near Unchanged While Stocks Drop Again
By: Chris Mullen, Gold Seeker Report
-- Published: Wednesday, 28 February 2018 | Print | Disqus
Close
Gain/Loss
Gold
$1317.60
-$1.00
Silver
$16.39
-$0.03
XAU
78.27
-0.89%
HUI
171.87
-0.69%
GDM
597.17
-1.04%
JSE Gold
1068.95
-14.91
USD
90.63
+0.23
Euro
122.00
-0.33
Yen
93.83
+0.56
Oil
$61.64
-$1.37
10-Year
2.862%
-0.039
T-Bond
144.50
+0.9375
Dow
25029.20
-1.50%
Nasdaq
7273.01
-0.78%
S&P
2713.83
-1.11%
The Metals:
Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to as high as $16.503 and ended with a loss of 0.18%.
Euro gold rose to about €1080, platinum gained $2 to $982, and copper fell 4 cents to about $3.11.
Gold and silver equities traded slightly higher for most of the morning, but they then drifted back lower into the close and ended with modest losses.
Oil fell over 2% after the Energy Information Administration reported that crude inventories rose 3.0 million barrels, gasoline inventories rose 2.5 million barrels, and distillates fell 1.0 million barrels.
The U.S. dollar index continued to find gains on Powell’s optimistic economic outlook.
Treasuries traded mostly higher on poor economic data and month-end buying.
The Dow, Nasdaq, and S&P dropped roughly 1% by the close on wariness over oil’s decline.
Among the big names making news in the markettoday were Morgan Stanley, Comcast, Herbalife, Lowe's, Bayer, Ring, and Dick's Sporting Goods.
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
831.034
26,718,580
US$35,200m
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$5,861m
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$6,476m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$473m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.00: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,847.08: No change from yesterday’s data.
IAMGOLD’s (IAG) drill results and Buenaventura’s (BVN) 2017 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Tahoe Resources
TAHO +4.05% $4.88
2.Turquoise
TRQ +3.77% $3.03
3.Gold Fields
GFI +1.82% $3.92
LOSERS
1.Taseko
TGB-11.96%$1.215
2.Alexco
AXU -5.11% $1.30
3.Coeur
CDE -4.85% $7.65
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
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Gold Seeker Closing Report: Gold and Silver Waffle Near Unchanged While Stocks Drop Again
