Gold Seeker Closing Report: Gold and Silver Gain With Bonds and Oil
Please Note: There will not be any Gold Seeker reports for the next week or two.
| Close | Gain/Loss |
Gold | $1293.80 | +$14.20 |
Silver | $17.69 | +$0.12 |
XAU | 87.39 | +5.13% |
HUI | 204.55 | +6.07% |
GDM | 661.77 | +4.62% |
JSE Gold | 1410.81 | +91.44 |
USD | 96.54 | -0.27 |
Euro | 112.79 | +0.21 |
Yen | 91.37 | +0.87 |
Oil | $48.19 | +$0.79 |
10-Year | 2.143% | -0.037 |
T-Bond | 156.375 | +0.71875 |
Dow | 21136.23 | -0.23% |
Nasdaq | 6275.06 | -0.33% |
S&P | 2429.33 | -0.28% |
The Metals:
Gold climbed higher throughout most of world trade and ended near its late morning New York high of $1295.90 with a gain of 1.11%. Silver rose to as high as $17.741 and ended with a gain of 0.68%.
Euro gold rose to about EUR1147, platinum gained $6.50 to $957.50, and copper dropped a penny to about $2.55.
Gold and silver equities gained roughly 5% by midafternoon and remained near that level for the rest of the day.
Report | For | Reading | Expected | Previous |
JOLTS - Job Openings | April | 6.044M | 5.725M | 5.785M |
Home prices pick up steam as spring selling season heats up, CoreLogic says MarketWatch
China Ready to Buy More Treasuries as Yuan Stabilizes Bloomberg
Trump's America Is Facing a $13 Trillion Consumer Debt Hangover Bloomberg
Tomorrow brings MBA Mortgage Applications and Consumer Credit.
The Markets:
Oil jumped higher in late trade and ended almost 2% higher ahead of tomorrow's inventory data.
The U.S. dollar index fell and treasuries rose on geopolitical concerns and uncertainty about Thursday's ECB meeting, fired FBI Director James Comey's testimony on Capitol Hill, and Britain's upcoming election.
The Dow, Nasdaq, and S&P traded mostly lower on uneasiness over near-term events.
Among the big names making news in the market today were Macy's, Michaels Companies, Apple, Valeant, Amazon, RBS, and Toshiba.
GATA Posts:
China's gold imports seen jumping 50% as haven demand booms
The Statistics:
As of close of business: 6/5/2017
Gold Warehouse Stocks: | 8,854,476.009 | - |
Silver Warehouse Stocks: | 204,541,815.854 | +909,225.46 |
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(R) Gold Shares | 851.003 | 27,360,594 | US$35,377m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,748m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,353m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.33 | 1,103,760 | US$1,383m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 205.00: +0.66 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,562.91: -38.26 change from yesterday's data.
WINNERS
1. IAMGOLD | IAG +12.2% $5.06 |
2. Gold Standard | GSV +11.63% $1.92 |
3. B2Gold | BTG +10.59% $2.82 |
LOSERS
1. Northern Dynasty | NAK -6.15% $1.68 |
2. Silvercorp | SVM -4.92% $3.09 |
3. Taseko | TGB -2.40% $1.22 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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