-- Published: Friday, 24 February 2017 | Print | Disqus
Gold gained $11.30 to $1260.10 at about 9AM EST before it nearly erased its entire advance in the next hour of trade, but it then chopped back higher into the close and ended with a gain of 0.63%. Silver rose to as high as $18.407 and ended with a gain of 0.94%.
Euro gold climbed up to €1190, platinum gained $16 to $1023, and copper climbed 3 cents to about $2.68.
Gold and silver equities rose over 1% at the open before they drifted back lower for most of the rest of the day, but they ended with only about 1% losses.
New Home Sales
All of this week’s other economic reports:
Next week’s economic highlights include Durable Goods Orders and Pending Home Sales on Monday, GDP, Chicago PMI, and Consumer Confidence on Tuesday, Personal Income and Spending, Construction Spending, the ISM Index, and the Fed's Beige Book on Wednesday, Initial Jobless Claims on Thursday, and ISM Services on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 1% on renewed concerns over rising U.S. output.
The U.S. dollar index ended slightly higher in mixed trade.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower but ended with slight gains on worries about Trump’s speech before Congress next week.
Among the big names making news in the market Friday were MacDonald Dettwiler and DigitalGlobe, Standard Chartered, HP, Foot Locker, Bitcoin, J.C. Penney, and Mercedes.
Trump calls Chinese 'grand champions' of currency manipulation
Even China can't kill bitcoin
Treasury eyeing issuance of 100-year U.S. government debt
Trump suggests he wants a weak dollar to help U.S. exporters
Activity from: 2/23/2017
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
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,428.42: No change from yesterday’s data.
Freeport’s (FCX) issues in Indonesia and Santacruz Silver’s (SCZ.V) property transfer to First Majestic (AG) were among the big stories in the gold and silver mining industry making headlines Friday.
1. Silver Standard
SSRI +5.78% $11.53
2. Vista Gold
VGZ +4.76% $1.10
AAU +4.46% $1.17
EGO -10.8% $3.22
NSU -7.48% $2.72
PVG -6.45% $10.87
Winners & Losers tracks NYSE and AMEX 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: Friday, 24 February 2017 | E-Mail | Print | Source: GoldSeek.com