• Gold: 1,194.36 4.22
  • Silver: 14.80 0.05
  • Euro: 1.153 0.005
  • USDX: 95.57 0.032
  • Oil: 65.44 0.07

January 26: Gold and Silver Gain Over 1% and 2% on the Week

Chris Mullen
|
Friday, January 26th

 

Close

Gain/Loss

On Week

Gold

$1349.60

+$1.60

+1.31%

Silver

$17.41

+$0.11

+2.29%

XAU

90.31

+0.44%

+2.66%

HUI

203.36

+0.56%

+3.27%

GDM

682.82

+0.45%

+3.11%

JSE Gold

1313.09

-13.92

+1.19%

USD

89.10

-0.18

-1.73%

Euro

124.24

+0.07

+1.68%

Yen

91.97

+0.32

+1.71%

Oil

$66.41

+$0.63

+4.80%

10-Year

2.659%

+0.041

-0.08%

Bond

148.84375

-0.5625

+0.17%

Dow

26616.71

+0.85%

+2.09%

Nasdaq

7505.77

+1.28%

+2.31%

S&P

2872.87

+1.18%

+2.23%

 
http://www.goldseek.com/news/2018/2018-01-26_14-01-11.jpg

 

The Metals:

 

Gold gained $9 to $1357.00 in Asia before it drifted back to $1348.90 in London, but it then bounced back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $17.535 and ended with a gain of 0.64%.

 

Euro gold remained at about €1087, platinum lost $3 to $1010, and copper dropped 2 cents to about $3.20.

 

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

 

The Economy:

 

Trump warns Davos on unfair trade, says U.S. 'open for business'  Reuters
Orders for U.S. Durable Goods Increase by Most in Six Months  Bloomberg

US Dec advance trade goods balance USD -71.6bln vs -68.9bln exp  forexlive

U.S. GDP Grows Below-Forecast 2.6% on Trade, Inventory Drags  Bloomberg

 

Next week’s economic highlights include Personal Income and Outlays on Monday, S&P Corelogic Case-Shiller HPI and Consumer Confidence on Tuesday, ADP Employment, the Employment Cost Index, Chicago PMI, Pending Home Sales, and a FOMC Meeting Announcement on Wednesday, Initial Jobless Claims, Productivity and Costs, PMI Manufacturing, ISM Manufacturing, and Construction Spending on Thursday, and January’s jobs data, Consumer Sentiment, and Factory Orders on Friday.

 

The Markets:

 

Oil rose 1% as the U.S. dollar index resumed its decline on mixed economic data.

 

Treasuries fell as the Dow, Nasdaq, and S&P climbed roughly 1% higher on more strong earnings reports.

 

Among the big names making news in the market Friday were Caterpillar, Honeywell, Remington, Intel, and Wynn Resorts.

 

GATA Posts:

 

 

ECB executive warns against currency war

Nick Barisheff: Gold price manipulation isn't mere conspiracy theory anymore

 

The Statistics:

Activity from: 1/25/2018

Gold Warehouse Stocks:

9,313,221.043

-

Silver Warehouse Stocks:

245,996,847.548

-1,151,805.73

 

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

849.321

27,306,535

US$36,940m

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$6,005m

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$6,638m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$484m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 256.80: +1.86 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,763.28: -0.60 change from yesterday’s data.

 

The Miners:

 

Nevsun’s (NSU) appeal and Alamos Gold’s (AGI) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Gold Standard

GSV +9.34% $1.99

2.  Alamos Gold

AGI +3.57% $6.38

3.  Yamana

AUY +2.81% $3.66

 

LOSERS

1.  Avino

ASM -3.82% $1.51

2.  Alexco

AXU -2.42% $1.61

3.  Eldorado

EGO -1.46% $1.35

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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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