April 12: Gold and Silver Gain Almost 1% While Dollar Drops on Trump Talk
Gold saw slight gains in Asia and London and jumped up to $1277.90 by a little before 8:30AM EST before it dropped back to $1272.40 in the next hour of trade, but it then shot back higher into the close and ended near its late session high of $1283.60 with a gain of 0.7%. Silver rose to as high as $18.439 and ended with a gain of 0.82%.
Euro gold rose to about €1202, platinum gained $3.75 to $969, and copper fell 6 cents to about $2.57.
Gold and silver equities waffled near unchanged and ended with about 1% gains.
Import Prices ex-oil
Export Prices ex-ag.
Tomorrow brings Initial Jobless Claims, PPI, and Michigan Sentiment.
Charts Courtesy of http://finance.yahoo.com/
Oil turned lower after the Energy Information Administration reported that crude inventories fell 2.2 million barrels, gasoline inventories fell 3.0 million barrels, and distillates fell 2.2 million barrels.
The U.S. dollar index fell and treasuries rose again as the Dow, Nasdaq, and S&P continued lower on geopolitical uncertainty.
Among the big names making news in the market today were Daimler, Ferrari, Delta, BlackBerry, United Airlines, and Samsung.
As of close of business: 4/11/2017
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: Change in Total Tonnes from yesterday’s data: SPDR added 4.145 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.67: +0.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: No change from yesterday’s data.
Centerra Gold’s (CG.TO) casualty, Banro’s (BAA) exploration update, Excellon’s (EXN.TO) director passing, and Silver Standard’s (SSRI) first quarter production results were among the big stories in the gold and silver mining industry making headlines today.
1. Northern Dynasty
NAK +31.88% $1.82
AAU +20.44% $1.65
IAG +3.64% $4.55
TGB -6.15% $1.22
FCX -5.43% $12.88
TRQ -3.28% $2.95
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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