Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% on the Week
| Close | Gain/Loss | On Week |
Gold | $1320.50 | -$1.40 | +1.33% |
Silver | $17.20 | UNCH | +1.53% |
XAU | 87.39 | -0.45% | +2.49% |
HUI | 198.13 | -0.32% | +3.03% |
GDM | 661.89 | -0.20% | +1.73% |
JSE Gold | 1322.71 | +17.52 | +1.47% |
USD | 91.97 | +0.10 | -0.36% |
Euro | 120.42 | -0.26 | +0.32% |
Yen | 88.43 | -0.27 | -0.43% |
Oil | $61.44 | -$0.57 | +1.69% |
10-Year | 2.477% | +0.025 | +2.74% |
Bond | 151.9375 | -0.375 | -0.63% |
Dow | 25295.87 | +0.88% | +2.33% |
Nasdaq | 7136.56 | +0.83% | +3.38% |
S&P | 2743.15 | +0.70% | +2.60% |
The Metals:
Gold fell $5.70 to $1316.20 in London before it jumped up to $1322.80 after the release of this morning's jobs data and then fell to a new session low of $1313.80 in the next hour of trade, but it then climbed back towards its earlier high by late morning and ended with a loss of just 0.11%. Silver slipped to as low as $17.101 and ended unchanged on the day.
Euro gold rose to about EUR1097, platinum gained $5 to $967, and copper fell 3 cents to about $3.22.
Gold and silver equities waffled near unchanged and ended slightly lower.
U.S. factory orders rise for fourth straight month Reuters
Service-sector growth tumbles in December, ISM says MarketWatch
Traders keep bets on two Fed rate hikes after jobs report Reuters
U.S. Trade Deficit Balloons to Widest in Almost Six Years Bloomberg
U.S. Adds 148,000 Jobs, Wages Rise in Signs of Full Employment Bloomberg
U.S. job growth slows in December; wages increase Reuters
Next week's economic highlights include Consumer Credit on Monday, JOLTS data on Tuesday, Import and Export Prices and Wholesale Trade on Wednesday, Initial Jobless Claims and PPI on Thursday, and CPI, Retail Sales, and Business Inventories on Friday.
The Markets:
Oil pared this week's gain on profit taking.
The U.S. dollar index saw modest gains on the outlook for more interest rate hikes from the fed.
Treasuries edged lower as the Dow, Nasdaq, and S&P climbed to new highs on economic optimism.
Among the big names making news in the market Friday were Deutsche Bank, Uber, Apple, Intel, and Denali Therapeutics.
GATA Posts:
John Hathaway: Gold and bitcoin are attacked to defend government currencies
Dollar drop could force global central banks into rates rethink
The Statistics:
Activity from: 1/4/2018
Gold Warehouse Stocks: | 9,234,329.256 | - |
Silver Warehouse Stocks: | 245,527,492.257 | - |
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 | 836.040 | 26,879,537 | US$35,402m |
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$5,860m |
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$6,489m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 0.275 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 245.09: +1.17 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,904.09: -64.52 change from yesterday's data.
WINNERS
1. Almaden | AAU +2.04% $1.00 |
2. Paramount | PZG +1.57% $1.29 |
3. Freeport | FCX +0.81% $19.90 |
LOSERS
1. Avino | ASM -4.58% $1.46 |
2. Endeavour Silver | EXK -2.76% $2.47 |
3. Hecla | HL -2.17% $4.05 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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