• Gold: 1,297.15 0.00
  • Silver: 16.97 -0.01
  • Euro: 1.195 0.000
  • USDX: 92.171 0.172
  • Oil: 50.74 0.03

September 1: Gold and Silver Gain Almost 3% and 4% on the Week

Chris Mullen
|
Friday, September 1st

Please Note: US Markets are closed on Monday for Labor Day.

 

 

Close

Gain/Loss

On Week

Gold

$1325.70

+$2.30

+2.68%

Silver

$17.70

+$0.09

+3.87%

XAU

90.54

+0.46%

+5.50%

HUI

213.07

+0.25%

+5.93%

GDM

668.82

+0.74%

+2.68%

JSE Gold

1415.89

-18.92

+6.38%

USD

92.82

+0.17

+0.32%

Euro

118.64

-0.42

-0.47%

Yen

90.76

-0.27

-0.88%

Oil

$47.29

+$0.06

-1.21%

10-Year

2.160%

+0.039

-0.51%

Bond

156.40625

-0.96875

-0.12%

Dow

21987.56

+0.18%

+0.80%

Nasdaq

6435.33

+0.10%

+2.71%

S&P

2476.55

+0.20%

+1.37%

 
http://www.goldseek.com/news/2017/9-1gsr.JPG

 

The Metals:

 

Gold fell $5.60 to $1317.80 in Asia before it popped up to $1328.70 after the release of this morning’s jobs data and then dropped back to $1316.60 in the next 2 hours of trade, but it then rallied back higher into the close and ended with a gain of 0.17%.  Silver rose to as high as $17.74 and ended with a gain of 0.54%. 

 

Euro gold rose to about €1117, platinum gained $9 to $1005, and copper climbed a couple of cents to about $3.10.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

Consumer sentiment retreats in late August  MarketWatch

U.S. construction spending falls to nine-month low  Reuters

U.S. Manufacturing Expanded in August at Fastest Pace Since ’11  Bloomberg

Payrolls in U.S. Rise by 156,000; Wages Also Below Forecasts  Bloomberg

U.S. gains 156,000 jobs in August, but unemployment rate edges up to 4.4%  MarketWatch

 

The BLS net birth/death adjustment added 103,000 payrolls to August’s data.  Private Payrolls rose 165,000.

 

The Markets:

 

Oil reversed early losses and ended slightly higher after some refineries restarted operations.

 

The U.S. dollar index rose as the euro fell on signs that the ECB may not have a plan to reduce monetary stimulus ready until December.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on mixed economic data that lowered expectations for an interest rate hike from the fed anytime soon.

 

Among the big names making news in the market Friday were Fiat Chrysler, Ford, Lululemon, Nutanix, Volvo, and DowDuPont.

 

GATA Posts:

 

 

TF Metals Report interviews GATA secretary on gold and central banking

Huge World War II bomb being defused near German gold reserves

Weaker dollar is better for U.S. trade, treasury secretary says

 

The Statistics:

Activity from: 8/31/2017

Gold Warehouse Stocks:

8,693,639.700

-

Silver Warehouse Stocks:

216,503,345.917

-1,237,665.41

 

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

816.432

26,249,111

US$34,648m

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$5,879m

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$6,494m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

33.35

1,072,201

US$1,391m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 217.26: +0.30 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,318.94: -44.05 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend and Coeur’s (CDE) margins were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Taseko

TGB +5.21% $2.02

2.  Nevsun

NSU +5.16% $2.24

3.  Alio Gold

ALO +4.00% $4.42

 

LOSERS

1.  Kinross

KGC -1.54% $4.49

2.  Harmony

HMY -1.46% $2.03

3.  Alamos

AGI -0.48% $8.29

Winners & Losers tracks NYSE and AMEX 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 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