• Gold: 1,293.63 -6.92
  • Silver: 16.95 -0.18
  • Euro: 1.192 0.002
  • USDX: 92.427 -0.081
  • Oil: 50.16 -0.55

April 3: Gold and Silver Gain While Stocks Fall

Chris Mullen
|
Monday, April 3rd
 

Close

Gain/Loss

Gold

$1253.20

+$5.90

Silver

$18.22

+$0.01

XAU

85.30

+1.83%

HUI

201.90

+2.36%

GDM

643.46

+1.73%

JSE Gold

1435.60

+54.71

USD

100.50

+0.04

Euro

106.78

+0.11

Yen

90.18

+0.34

Oil

$50.24

-$0.36

10-Year

2.335%

-0.056

T-Bond

152.00

+1.15625

Dow

20650.21

-0.06%

Nasdaq

5894.68

-0.29%

S&P

2358.84

-0.16%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-3gsr/1.jpg

The Metals:

 

Gold fell $2.60 to $1244.70 in London, but it then climbed to as high as $1253.60 in New York and ended with a gain of 0.47%. Silver rose to as high as $18.258 and ended with a gain of 0.05%.

 

Euro gold rose to about €1074, platinum gained $5.50 to $952.50, and copper fell 5 cents to about $2.62.

 

Gold and silver equities rose throughout most of trade and ended roughly 2% higher on the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Construction Spending

Feb

0.8%

1.0%

-0.4%

ISM Index

Mar

57.2

57.0

57.7

 

Tomorrow brings Factory Orders and the Trade Balance.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-3gsr/1.png

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

 

Oil fell almost 1% after Libya resumed production over the weekend.

 

The U.S. dollar index saw slight gains on the outlook for steady economic data this week.

 

Treasuries saw notable gains on tepid economic data and disappointing auto sales that sent the Dow, Nasdaq, and S&P lower.

 

Among the big names making news in the market today were Ford, Chrysler, Imagination Tech, DryShips, AMC, Netflix, and Tesla.

 

GATA Posts:

 

 

Physical starts to nudge paper gold price, Maguire tells King World News

 

The Statistics:

As of close of business: 3/31/2017

Gold Warehouse Stocks:

8,956,943.163

-60,760.052

Silver Warehouse Stocks:

190,223,451.440

-

 

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

832.324

26,760,037

US$33,364m

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$5,564m

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$6,148m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.85: +0.89 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,274.29: -17.68 change from yesterday’s data.

 

The Miners:

 

Banro’s (BAA) 2016 results, Sandstorm’s (SAND) first quarter production, Golden Star’s (GSS) project update, Royal Gold’s (RGLD) third quarter sales, and Endeavour Silver’s (EXK) updated NI43-101 Mineral Resource and Reserve Estimates and Pre-Feasibility Study were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Harmony

HMY +6.94% $2.62

2. Endeavour Silver

EXK +5.97% $3.37

3. AngloGold

AU +5.66% $11.38

LOSERS

1. Almaden

AAU -4.24% $1.13

2. Gold Standard

GSV -3.24% $2.09

3. Gold Resource

GORO -1.99% $4.43

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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© Gold Seeker 2017

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