• Gold: 1,301.12 -10.02
  • Silver: 17.09 -0.21
  • Euro: 1.190 -0.010
  • USDX: 92.15 0.357
  • Oil: 50.84 0.57

August 21: Gold Gains While Stocks Hold Near Unchanged

Chris Mullen
|
Monday, August 21st
 

Close

Gain/Loss

Gold

$1291.70

+$5.30

Silver

$17.00

-$0.03

XAU

85.40

+1.79%

HUI

199.78

+1.69%

GDM

646.41

+1.26%

JSE Gold

1403.79

-6.74

USD

93.12

-0.29

Euro

118.09

+0.43

Yen

91.94

+0.21

Oil

$47.37

-$1.14

10-Year

2.185%

-0.008

T-Bond

156.125

+0.28125

Dow

21703.75

+0.13%

Nasdaq

6213.12

-0.05%

S&P

2428.37

+0.12%

 
http://www.goldseek.com/news/2017/8-21gsr1.jpg

The Metals:

 

Gold saw slight losses in Asia before it climbed to as high as $1293.30 in midmorning New York trade and then chopped back lower at times, but it still ended with a gain of 0.41%. Silver rose to as high as $17.121 before it also fell back off into the close, but it ended with a loss of just 0.18%.

 

Euro gold remained at about €1094, platinum gained $2 to $980, and copper climbed 4 cents to about $2.98.

 

Gold and silver equities rose over 1% in the first half hour of trade and remained near that level for the rest of the day.

The Economy:

 

Yellen, Draghi Head to Jackson Hole Amid Inflation Unease Bloomberg

Trump's job-approval rating plummets in three key states, polls find MarketWatch

Fed's Big Bond Unwind May Clobber U.S. Stocks, Corporate Debt Bloomberg

 

Tomorrow brings the FHFA House Price Index.

 

The Markets:

 

Oil fell over 2% on concerns about increasing US production.

 

The U.S. dollar index drifted lower and treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on uncertainty about interest rates and this weekend’s upcoming meeting and speeches at Jackson Hole.

 

Among the big names making news in the market today were Bitcoin, Alibaba, Fiat, Maersk, Herbalife, Sempra, and Monsanto.

 

The Statistics:

As of close of business: 8/18/2017

Gold Warehouse Stocks:

8,704,088.490

-3,022.10

Silver Warehouse Stocks:

215,345,954.570

-250,304.32

 

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

799.286

25,697,857

US$33,217m

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$5,731m

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$6,334m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$463m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.33

1,103,760

US$1,383m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.843 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.48: +1.2 tonne change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,401.24: No change from yesterday’s data.

 

The Miners:

 

Nevsun’s (NSU) new CFO and AngloGold’s (AU) first-half loss were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Coeur

CDE +6.09% $8.18

2. Freeport

FCX +4.03% $14.73

3. Gold Standard

GSV +3.64% $1.71

LOSERS

1. Nevsun

NSU -1.44% $2.06

2. Endeavour Silver

EXK -0.90% $2.20

3. Almaden

AAU -0.89% $1.11

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

- 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 2017

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