Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio: Robert Kiyosaki and Peter Grandich, and Chris Waltzek
By: radio.GoldSeek.com

This Is It For Gold
By: Avi Gilburt

If Bitcoin’s Rise Was Bad For Gold, Will Its Fall Be Good?
By: John Rubino

Manipulation of Gold and Silver by Bullion Banks
By: David Brady, CFA

Europe Has Train Wrecks, Too
By: John Mauldin

With Sentiment In The Gutter, Will Gold Stage A Rally?
By: Dave Kranzler

WATCH OUT BELOW: Major Cryptos Falling To Key Support Levels
By: Steve St. Angelo

The Next Economic Collapse… Is America Next?
By: David Morgan

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 6 22 2018
By: Ira Epstein

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Gain Roughly 2% After Fed
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 21 March 2018 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1333.40

+$23.00

Silver

$16.60

+$0.40

XAU

80.59

+3.16%

HUI

174.49

+3.12%

GDM

609.50

+2.46%

JSE Gold

1066.77

+5.10

USD

89.65

-0.76

Euro

123.47

+1.01

Yen

94.62

+0.54

Oil

$65.17

+$1.63

10-Year

2.882%

-0.005

T-Bond

143.78125

-0.0625

Dow

24682.31

-0.18%

Nasdaq

7345.29

-0.26%

S&P

2711.93

-0.18%

 
http://www.goldseek.com/news/2018/2018-03-21_14-01-07.jpg

 

The Metals:

 

Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morning New York trade before it pared back to $1319.40 just after today’s fed statement was released, but it then rose to new session highs into the close and ended near its last-minute high of $1335.60 with a gain of 1.76%. Silver surged to as high as $16.636 and ended with a gain of 2.47%.

 

Euro gold rose to about €1080, platinum gained $16 to $957, and copper climbed 4 cents to about $3.07.

 

Gold and silver equities rose over 2% by late morning before they roughly halved their gains about 30 minutes after the fed’s statement, but they stormed back higher in the last hour and a half of trade and ended over 3% higher on the day.

 

The Economy:

 

Powell ‘Carefully Considering’ More Frequent Press Conferences  Bloomberg

Fed raises rates, signals confidence in strengthening economy  Reuters

Fed lifts rates in Powell’s first meeting, says outlook has strengthened  MarketWatch

Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens  Bloomberg

Existing-home sales snap back even as inventory slides to a fresh low  MarketWatch

U.S. Mortgage Refinancing Drops to Nine-Year Low as Rates Rise  Bloomberg

For consumers with credit card debt, Fed rate hike will sting  MarketWatch

U.S. current account deficit widens in fourth quarter  Reuters

 

Tomorrow brings Initial Jobless Claims, the FHFA House Price Index, and Leading Indicators.

 

The Markets:

 

Oil extended higher after the Energy Information Administration reported that crude inventories fell 2.6 million barrels, gasoline inventories fell 1.7 million barrels, and distillates fell 2.0 million barrels.

 

The U.S. dollar index fell markedly after the fed failed to increase the number of expected interest rate hikes from 3 to 4 this year.

 

Treasuries traded mixed and ended slightly lower along with the Dow, Nasdaq, and S&P on uncertainty over what to make of the continuance of gradual policy moves from the fed.

 

Among the big names making news in the market today were General Mills, Deutsche Bank, Bayer, Dropbox, GlaxoSmithKline, and General Mills.

 

GATA Posts:

 

 

No, gold leased from central banks doesn't always have to be returned

 

The Statistics:

As of close of business: 3/20/2018

Gold Warehouse Stocks:

9,060,591.220

-

Silver Warehouse Stocks:

257,812,433.903

+361,011.96

 

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

850.543

27,345,794

US$36,125m

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$5,883m

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$6,499m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$474m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.295 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 270.04: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,942.90: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Hecla

HL +8.87% $3.56

2.  Silvercorp

SVM +6.98% $2.76

3.  Endeavour Silver

EXK +6.87% $2.49

 

No “losers” today.

 

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


| Digg This Article
 -- Published: Wednesday, 21 March 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.