• Gold: 1,342.18 1.06
  • Silver: 14.88 0.02
  • Euro: 1.122 0.001
  • USDX: 97.572 0.548
  • Oil: 52.64 0.07

January 4: Gold Gains and Silver Rises 2% on the Week

Chris Mullen
|
Friday, January 4th

 

Close

Gain/Loss

On Week

Gold

$1284.90

-$9.70

+0.38%

Silver

$15.68

-$0.05

+2.02%

XAU

71.87

-0.42%

+3.14%

HUI

162.32

-0.64%

+2.64%

GDM

597.11

-0.05%

+1.57%

JSE Gold

1407.28

-37.87

+2.88%

USD

96.16

-0.09

-0.23%

Euro

114.00

+0.01

-0.41%

Yen

92.27

-1.13

+1.57%

Oil

$47.96

+$0.87

+5.80%

10-Year

2.659%

+0.099

-2.21%

Bond

146.8125

-1.84375

+0.71%

Dow

23433.16

+3.29%

+1.61%

Nasdaq

6738.86

+4.26%

+2.34%

S&P

2531.94

+3.43%

+1.86%

 
http://www.goldseek.com/news/2019/2019-01-04_14-02-51.jpg

 

The Metals:

 

Gold edged up to $1298.40 in Asia before it fell back to $1277.30 by midmorning in New York and then bounced back higher into midday, but it still ended with a loss of 0.75%. Silver slipped to as low as $15.585 and ended with a loss of 0.32%.

 

Euro gold fell to about €1127, platinum gained $23.50 to $819.50, and copper climbed 7 cents to about $2.65.

 

Gold and silver equities fell roughly 2% at the open, but they then climbed back to almost unchanged by early afternoon and ended only modestly lower on the day.

 

The Economy:

 

Trump, Democrats hold 'contentious' talks, fail to end shutdown  Reuters

The government shutdown already ranks as the 2nd longest in 20 years  MarketWatch

Manufacturing posts best calendar year for job gains since 1997  CNBC

Jobs report shows the Fed is not done raising interest rates as market prices out a cut  MarketWatch

Powell says Fed 'will be patient' with monetary policy as they watch how economy does  CNBC

Why one economist says investors are overreacting to recession whispers  MarketWatch

Robust employment report underscores U.S. economic strength  Reuters

Job creation ended 2018 on a powerful note  CNBC

 

The Markets:

 

Oil rose almost 2% on optimism over trade talks.

 

The U.S. dollar index initially jumped higher after this morning’s stronger than expected jobs report, but it then turned negative after Powell’s “patient” remarks about interest rates and the economy.

 

Treasuries fell as the Dow, Nasdaq, and S&P gained over 3% on delight over strong job growth and easy monetary policy.

 

Among the big names making news in the market Friday were Rite Aid, Ford, Qualcomm, and Deutsche Bank.

 

GATA Posts:

 

 

Gold-rich Zimbabwe can't even cadge a beer anymore

 

The Statistics:

Activity from: 1/3/2019

Gold Warehouse Stocks:

8,432,261.563

-2,000.083

Silver Warehouse Stocks:

293,701,937.502

-44,468.279

 

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

795.313

25,570,122

US$32,715m

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$5,699m

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$6,299m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$461m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 281.87: +1.64 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,863.08: -3.99 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Freeport

FCX +7.45% $10.82

2.  Turquoise

TRQ +4.38% $1.67

3.  Hecla

HL +2.38% $2.58

 

LOSERS

1.  Eldorado

EGO -5.49% $3.27

2.  Harmony

HMY -3.11% $1.87

3.  AngloGold

AU -3.10% $12.80

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

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2019

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map