• 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

September 29: Gold and Silver Fall About 1% and 2% on the Week

Chris Mullen
|
Friday, September 29th

 

Close

Gain/Loss

On Week

Gold

$1280.00

-$6.40

-1.31%

Silver

$16.65

-$0.19

-1.94%

XAU

84.65

-1.21%

-1.64%

HUI

196.50

-0.99%

-1.50%

GDM

638.20

-0.58%

-1.91%

JSE Gold

1324.64

+16.48

+1.36%

USD

93.06

-0.10

+0.97%

Euro

118.20

+0.37

-1.07%

Yen

88.97

-0.08

-0.08%

Oil

$51.67

+$0.11

+1.99%

10-Year

2.332%

+0.021

+3.46%

Bond

152.65625

-0.125

-1.73%

Dow

22405.09

+0.11%

+0.25%

Nasdaq

6495.96

+0.66%

+1.07%

S&P

2519.36

+0.37%

+0.68%

 
http://www.goldseek.com/news/2017/2017-09-29_14-01-40.jpg

 

The Metals:

 

Gold edged up to $1290.10 at about 8:45AM EST before it drifted back lower into the close, but it ended with a loss of just 0.5%. Silver slipped to as low as $16.632 and ended with a loss of 1.13%.

 

Euro gold fell to about €1083, platinum lost $12.50 to $907.50, and copper fell a couple of cents to about $2.95.

 

Gold and silver equities chopped near unchanged and ended slightly lower.

 

The Economy:

 

Yellen’s ‘mystery’ of low inflation no closer to being solved as prices ease again in August  MarketWatch

Trump and Mnuchin Met With Warsh to Discuss Fed Chair  Bloomberg

Chicago PMI 65.2 vs 58.7 expected  forexlive

Consumer sentiment eases, but stays strong in the face of hurricanes and politics  MarketWatch

Fewer auto sales dent consumer spending in August, inflation still weak, PCE shows  MarketWatch

 

Next week’s economic highlights include PMI Manufacturing, ISM Manufacturing, and Construction Spending on Monday, ADP employment and ISM Non-Manufacturing on Wednesday, Initial Jobless Claims and International Trade on Thursday, and September’s jobs data, Wholesale Trade, and Consumer Credit on Friday.

 

The Markets:

 

Oil waffled near unchanged on vagueness about the amount of supply coming from both Iraq and the US shale industry.

 

The U.S. dollar index edged lower along with treasuries on mixed economic data and fed uncertainty.

 

The Dow, Nasdaq, and S&P traded mostly higher amid talk over the possibility of a new fed chair.

 

Among the big names making news in the market Friday were Deutsche Bank, Cornell, HSBC, and Volkswagen.

 

GATA Posts:

 

 

Cryptocurrencies drop as South Korea bans new coin offerings, margin trading

Chaos and hackers stalk investors on cryptocurrency exchanges

Monetary Metals provides lease rate charts to Goldseiten

 

The Statistics:

Activity from: 9/28/2017

Gold Warehouse Stocks:

8,737,775.667

-23,630.25

Silver Warehouse Stocks:

219,795,915.916

-2,912.95

 

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

864.647

27,799,256

US$35,658m

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$5,705m

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$6,304m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.37: +0.75 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.

 

The Miners:

 

Golden Star’s (GSS) stoping and Alamos Gold’s (AGI) dividend were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Tahoe Resource

TAHO +2.13% $5.27

2.  Alio Gold

ALO +1.61% $4.43

3.  Goldcorp

GG +1.57% $12.96

 

LOSERS

1.  IAMGOLD

IAG -8.41% $6.10

2.  Eldorado

EGO -4.35% $2.20

3.  Alexco

AXU -3.01% $1.45

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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© Gold Seeker 2017

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

 

 

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