• Gold: 1,324.69 -0.23
  • Silver: 16.59 -0.04
  • Euro: 1.221 0.000
  • USDX: 90.927 0.556
  • Oil: 68.9 0.86

January 2: Gold and Silver Jump Over 1% Higher

Chris Mullen
|
Tuesday, January 2nd

 

Close

Gain/Loss

Gold

$1318.20

+$15.00

Silver

$17.17

+$0.23

XAU

88.14

+3.36%

HUI

198.60

+3.27%

GDM

666.00

+2.30%

JSE Gold

1317.36

+13.77

USD

91.86

-0.44

Euro

120.65

+0.62

Yen

89.12

+0.31

Oil

$60.37

-$0.05

10-Year

2.458%

+0.047

T-Bond

151.84375

-1.15625

Dow

24824.01

+0.42%

Nasdaq

7006.90

+1.50%

S&P

2695.79

+0.83%

 
http://www.goldseek.com/news/2018/2018-01-02_14-04-58.jpg

 

The Metals:

 

Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it then rallied to new highs into the close and ended with a gain of 1.15%. Silver rose to as high as $17.195 and ended with a gain of 1.36%.

 

Euro gold rose to about €1093, platinum gained $16 to $943, and copper fell a couple of cents to about $3.26.

 

Gold and silver equities gained roughly 3% by midafternoon and remained near that level for the rest of the day.

 

The Economy:

 

Global Manufacturers Strain to Keep Up With Faster Economy  Bloomberg

One sure-fire prediction for 2018: Americans will take on even more debt  MarketWatch

U.S. Manufacturing PMI Higher Than Expected in December  Investing

 

Tomorrow brings ISM Manufacturing, Construction Spending, and FOMC Minutes.

 

The Markets:

 

Oil ended slightly lower in mixed trade on uncertainty about the level of unrest in Iran.

 

The U.S. dollar index dropped as the euro rose on strong manufacturing data in Germany and France.

 

Treasuries fell as the Dow, Nasdaq, and S&P climbed higher on analyst upgrades and general optimism about the global economy.

 

Among the big names making news in the market today were Hyundai Motor, Kia Motors, BP, and Disney.

 

GATA Posts:

 

 

By itself gold could solve Sudan's economic problems, mining minister says

The criminal underwold is dropping bitcoin for another cryptocurrency

 

The Statistics:

As of close of business: 12/29/2017

Gold Warehouse Stocks:

9,142,698.756

-96.46

Silver Warehouse Stocks:

244,724,484.277

+1,365,224.922

 

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

837.496

26,926,340

US$35,316m

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$5,827m

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$6,442m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$473m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 243.49: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,972.70: -88.02 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Americas Silver

USAS +12.43% $4.07

2.  Silvercorp

SVM +9.54% $2.87

3.  Endeavour Silver

EXK +8.79% $2.60

 

LOSERS

1.  Taseko

TGB -8.15% $2.14

2.  Paramount

PZG -1.54% $1.28

3.  B2Gold

BTG -0.97% $3.07

Winners & Losers tracks NYSE 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:

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