Gold Seeker Closing Report: Gold Ends Higher While Stocks Reverse Lower
| Close | Gain/Loss |
Gold | $1339.30 | +$1.30 |
Silver | $17.21 | -$0.03 |
XAU | 90.27 | +1.30% |
HUI | 204.39 | +1.52% |
GDM | 682.72 | +1.92% |
JSE Gold | 1316.17 | -51.24 |
USD | 90.43 | -0.52 |
Euro | 122.65 | +0.59 |
Yen | 90.81 | +0.78 |
Oil | $63.73 | -$0.57 |
10-Year | 2.543% | -0.005 |
T-Bond | 150.90625 | +0.53125 |
Dow | 25792.86 | -0.04% |
Nasdaq | 7223.69 | -0.51% |
S&P | 2776.42 | -0.35% |
The Metals:
Gold saw modest gains in holiday thinned trade yesterday before it fell back to $1331.80 in London today, but it then jumped back higher in afternoon New York trade and ended with a gain of 0.1%. Silver slipped to as low as $16.791 and ended with a loss of just 0.17%.
Euro gold fell to about EUR1092, platinum gained $5 to $997, and copper remained at about $3.21.
Gold and silver equities waffled near unchanged for most of the morning, but then they climbed steadily higher in the last few hours of trade and ended almost 2% higher on the day.
U.S. Consumers See Higher Wage Growth, Inflation in Fed Survey Bloomberg
US January Empire Fed manufacturing index 17.7 vs 19.0 expected forexliveEmpire State factory gauge declines for third straight month in January MarketWatch
'Explosion' in U.S. Bond Supply Endangers Global Market Rally Bloomberg
Tomorrow brings Industrial Production, the Housing Market Index, and the fed's Beige Book.
The Markets:
Oil fell almost 1% ahead of this week's supply data.
The U.S. dollar index ended with a notable loss and treasuries rose as the Dow, Nasdaq, and S&P completely erased sizeable gains sees this morning and ended lower on concerns about ongoing Congressional talks to avert a government shutdown Friday.
Among the big names making news in the market today were Goldman Sachs, Citigroup, GE, GM, Hugo Boss, BP, Qualcomm, and Merck.
GATA Posts:
China escalates crackdown on cryptocurrency trading
Nine banks accused of rigging key Canada lending rate
Comex's 'exchange for physicals' mystify gold market, Sprott says
Bundesbank will add China's yuan to currency reserves
With real rates staying negative, this may be gold's year, Turk tells KWN
Brandon White: Gold is getting top bank asset status in Canada
Big crypto exchange goes dark and users are getting nervous
Treasury's Mnuchin says there's no need for a digital dollar
The Statistics:
As of close of business: 1/12/2018
Gold Warehouse Stocks: | 9,228,969.526 | - |
Silver Warehouse Stocks: | 246,485,524.191 | -70,301.03 |
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 | 828.956 | 26,651,766 | US$35,543m |
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$5,926m |
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$6,549m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$479m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 249.03: +0.69 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday's data.
Goldcorp's (GG) preliminary gold production for the fourth quarter and full year 2017, First Majestic's (AG) fourth quarter and full year 2017 production results, and Avino's (ASM) fourth quarter 2017 and full year 2017 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. First Majestic | AG +8.25% $7.35 |
2. Gold Resource | GORO +7.30% $5.00 |
3. Goldcorp | GG +7.25% $15.39 |
LOSERS
1. Tahoe Resources | TAHO -5.48% $4.66 |
2. Taseko | TGB +4.90% $1.94 |
3. Harmony | HMY -3.28% $1.77 |
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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