Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
| Close | Gain/Loss | On Week |
Gold | $1349.60 | +$1.60 | +1.31% |
Silver | $17.41 | +$0.11 | +2.29% |
XAU | 90.31 | +0.44% | +2.66% |
HUI | 203.36 | +0.56% | +3.27% |
GDM | 682.82 | +0.45% | +3.11% |
JSE Gold | 1313.09 | -13.92 | +1.19% |
USD | 89.10 | -0.18 | -1.73% |
Euro | 124.24 | +0.07 | +1.68% |
Yen | 91.97 | +0.32 | +1.71% |
Oil | $66.41 | +$0.63 | +4.80% |
10-Year | 2.659% | +0.041 | -0.08% |
Bond | 148.84375 | -0.5625 | +0.17% |
Dow | 26616.71 | +0.85% | +2.09% |
Nasdaq | 7505.77 | +1.28% | +2.31% |
S&P | 2872.87 | +1.18% | +2.23% |
The Metals:
Gold gained $9 to $1357.00 in Asia before it drifted back to $1348.90 in London, but it then bounced back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $17.535 and ended with a gain of 0.64%.
Euro gold remained at about EUR1087, platinum lost $3 to $1010, and copper dropped 2 cents to about $3.20.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
Trump warns Davos on unfair trade, says U.S. 'open for business' ReutersOrders for U.S. Durable Goods Increase by Most in Six Months Bloomberg
US Dec advance trade goods balance USD -71.6bln vs -68.9bln exp forexlive
U.S. GDP Grows Below-Forecast 2.6% on Trade, Inventory Drags Bloomberg
Next week's economic highlights include Personal Income and Outlays on Monday, S&P Corelogic Case-Shiller HPI and Consumer Confidence on Tuesday, ADP Employment, the Employment Cost Index, Chicago PMI, Pending Home Sales, and a FOMC Meeting Announcement on Wednesday, Initial Jobless Claims, Productivity and Costs, PMI Manufacturing, ISM Manufacturing, and Construction Spending on Thursday, and January's jobs data, Consumer Sentiment, and Factory Orders on Friday.
The Markets:
Oil rose 1% as the U.S. dollar index resumed its decline on mixed economic data.
Treasuries fell as the Dow, Nasdaq, and S&P climbed roughly 1% higher on more strong earnings reports.
Among the big names making news in the market Friday were Caterpillar, Honeywell, Remington, Intel, and Wynn Resorts.
GATA Posts:
ECB executive warns against currency war
Nick Barisheff: Gold price manipulation isn't mere conspiracy theory anymore
The Statistics:
Activity from: 1/25/2018
Gold Warehouse Stocks: | 9,313,221.043 | - |
Silver Warehouse Stocks: | 245,996,847.548 | -1,151,805.73 |
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 | 849.321 | 27,306,535 | US$36,940m |
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$6,005m |
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$6,638m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$484m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 256.80: +1.86 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.28: -0.60 change from yesterday's data.
Nevsun's (NSU) appeal and Alamos Gold's (AGI) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Standard | GSV +9.34% $1.99 |
2. Alamos Gold | AGI +3.57% $6.38 |
3. Yamana | AUY +2.81% $3.66 |
LOSERS
1. Avino | ASM -3.82% $1.51 |
2. Alexco | AXU -2.42% $1.61 |
3. Eldorado | EGO -1.46% $1.35 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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