• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.701 0.194
  • Oil: 52 0.39

April 25: Gold and Silver Fall Almost 1% and 2%

Chris Mullen
|
Tuesday, April 25th
 

Close

Gain/Loss

Gold

$1263.80

-$12.30

Silver

$17.63

-$0.29

XAU

82.38

-3.58%

HUI

191.39

-4.76%

GDM

621.49

-3.86%

JSE Gold

1387.51

-40.55

USD

98.78

-0.25

Euro

109.37

+0.67

Yen

90.02

-1.11

Oil

$49.56

+$0.33

10-Year

2.334%

+0.061

T-Bond

152.03125

-1.40625

Dow

20996.12

+1.12%

Nasdaq

6025.49

+0.70%

S&P

2388.61

+0.61%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-25gsr/1.jpg

 

The Metals:

 

Gold fell $14.10 to $1262.00 in early afternoon New York trade before it bounced back higher at times, but it still ended with a loss of 0.96%. Silver slipped to as low as $17.566 and ended with a loss of 1.62%.

 

Euro gold fell to about €1155, platinum lost $6 to $953, and copper climbed a couple of cents to about $2.59.

 

Gold and silver equities dropped as much as 5% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Case-Shiller Home Price Index

Feb

5.9%

2.8%

5.7%

FHFA Housing Price Index

Feb

0.8%

0.2%

0.2%

New Home Sales

Mar

621K

584K

587K

Consumer Confidence

Apr

120.3

123.0

124.9

 

Tomorrow brings MBA Mortgage Applications.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-25gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil gained almost 1% on hopes that OPEC can stabilize the market.

 

The U.S. dollar index fell again as the euro continued to rise in reaction to France’s first round of presidential elections.

 

Treasuries saw notable losses as the Dow, Nasdaq, and S&P climbed as much as 1% on strong earnings reports and hopes for tax reform.

 

Among the big names making news in the market today were Wells Fargo, DuPont, Dole Food, Tyson Foods, Eli Lilly, McDonald's, Gannett, Caterpillar, Coca-Cola, and 3M.

 

GATA Posts:

 

 

French election results just an excuse to kick gold, Embry tells KWN

 

The Statistics:

As of close of business: 4/24/2017

Gold Warehouse Stocks:

8,954,505.478

+2,400.52

Silver Warehouse Stocks:

196,887,264.985

+1,381,869.34

 

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® Gold Shares

860.171

27,655,345

US$35,052m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,627m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,219m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$454m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.481 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.36: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,119.87: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) work in Mali, Freeport’s (FCX) first quarter results, Timmins Gold’s (TGD) management changes, Barrick’s (ABX) first quarter results, Pan America’s (PAAS) plans to acquire a project in Argentina, and Avino’s (ASM) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Freeport

FCX+7.11% $13.10

2. Taseko

TGB +3.57% $1.16

3. Americas Silver

USAS +1.01% $2.99

 

 

LOSERS

1. Barrick

ABX-11.29% $16.89

2. Almaden

AAU -8.23% $1.45

3. Yamana

AUY -7.09% $2.75

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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