April 13: Gold and Silver Gain Almost 3% on the Week
Please Note: US Markets are closed tomorrow in observance of Good Friday.
Gold gained $7 to $1288.50 in London before it dropped back to $1281.90 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.47%. Silver climbed to $18.602 before it dropped back to $18.417, but it then bounced back higher in late trade and ended with a gain of 0.49%.
Euro gold rose to about €1213, platinum gained $2 to $971, and copper climbed a couple of cents to about $2.59.
Gold and silver equities rose over 1% at the open before they quickly fell to see slight losses in the next 10 minutes of trade and then returned to their opening highs by late morning, but they then drifted back lower into the close and ended near unchanged on the day.
Mortgage rates tumble to fresh 2017 low MarketWatch
Tomorrow brings CPI, Business Inventories, and Retail Sales.
All of this week’s other economic reports:
Michigan Sentiment - April
Initial Claims - 4/08
PPI - March
Core PPI - March
Treasury Budget - March
Import Prices - March
Import Prices ex-oil - March
Export Prices - March
Export Prices ex-ag. - March
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index rebounded from yesterday’s late session dive.
Treasuries rose as the Dow, Nasdaq, and S&P dropped again on continued uncertainty about geopolitical developments after “U.S. forces dropped the largest non-nuclear bomb ever used in a strike against ISIS in eastern Afghanistan on Thursday.”
Among the big names making news in the market today were Citi, Wells Fargo, Sorrento, J.P. Morgan, ConocoPhillips, and Yext.
As of close of business: 4/12/2017
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.67: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: No change from yesterday’s data.
Taseko’s (TGB) operational results, Richmont’s (RIC) first quarter production results, Great Panther’s (GPL) director appointment, and Avino’s (ASM) first quarter production results were among the big stories in the gold and silver mining industry making headlines Friday.
HL +6.38% $6.00
2. Gold Fields
GFI +5.74% $4.05
AAU +4.24% $1.72
1. Northern Dynasty
NAK -9.89% $1.64
TGB -5.74% $1.15
3. Great Panther
GPL -5.66% $1.50
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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