• Gold: 1,244.20 -11.64
  • Silver: 16.60 -0.09
  • Euro: 1.121 0.001
  • USDX: 97.182 -0.06
  • Oil: 43.33 0.26

January 4: Gold and Silver Gain Again

Chris Mullen
|
Wednesday, January 4th
 

Close

Gain/Loss

Gold

$1163.50

+$4.00

Silver

$16.43

+$0.14

XAU

83.39

+1.69%

HUI

192.28

+1.25%

GDM

609.38

+1.07%

JSE Gold

1376.39

+18.99

USD

102.55

-0.73

Euro

104.90

+0.80

Yen

85.28

+0.31

Oil

$53.26

+$0.93

10-Year

2.452%

+0.002

T-Bond

150.8125

+0.25

Dow

19942.16

+0.30%

Nasdaq

5477.00

+0.88%

S&P

2270.75

+0.57%

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

 

The Metals:

 

Gold gained $8.25 to $1167.75 by a little after 8AM EST before it chopped back lower at times, but it still ended with a gain of 0.34%. Silver rose to as high as $16.522 and ended with a gain of 0.86%.

 

Euro gold fell to about €1110, platinum gained $2 to $939, and copper climbed 7 cents to about $2.55.

 

Gold and silver equities rose over 1% at the open and remained near that level for the rest of the day.

The Economy:

 

Fed Officials Endorse Gradual Rate Hikes as Upside Risks Debated Bloomberg

Interest rate hikes might come at faster pace - Fed minutes show MarketWatch

Mortgage applications tank 12% to end 2016 CNBC

U.S. auto sales reached record in 2016, auto makers say MarketWatch

 

Tomorrow brings ADP Employment, Initial Jobless Claims, and ISM Services.

 

The Markets:

 

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

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

 

Oil rose almost 2% “on signs that major oil producers are sticking to their pledge to cut output.”

 

The U.S. dollar index fell as the euro climbed higher on “data showing euro zone prices rose more quickly than expected in December.”

 

Treasuries turned slightly higher and the Dow, Nasdaq, and S&P held onto early gains after today’s fed minutes did not alter perceptions of the fed’s future actions.

 

Among the big names making news in the market today were Exxon Mobil, Nvidia, Faraday Future, Amazon, Deutsche Bank, and BMW.

 

GATA Posts:

 

 

U.S. LIBOR breaks above 1 percent for first time since 2009

China Inc.'s large dollar debts fuel Beijing's efforts to curb yuan plunge

 

The Statistics:

As of close of business: 1/3/2017

Gold Warehouse Stocks:

9,122,708.202

-32,150.00

Silver Warehouse Stocks:

181,903,037.921

+416,245.48

 

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

813.871

26,166,777

US$30,453m

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$5,171m

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$5,714m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$418m

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 subtracted 8.299 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.20: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,617.12: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) fourth quarter results release data and SilverCrest’s (SIL.V) board appointment were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Taseko

TGB +9.77% $1.01

2. Freeport

FCX +7.62% $14.83

3. Nevsun

NSU +5.73% $3.32

LOSERS

1. Northern Dynasty

NAK -3.09% $1.88

2. Paramount

PZG -1.70% $1.73

3. Gold Fields

GFI -0.93% $3.20

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

© Gold Seeker 2017

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