• Gold: 1,228.49 3.07
  • Silver: 14.70 0.01
  • Euro: 1.158 0.001
  • USDX: 95.009 -0.025
  • Oil: 71.8 0.18

January 5: Gold and Silver Gain Over 1% on the Week

Chris Mullen
|
Friday, January 5th

 

Close

Gain/Loss

On Week

Gold

$1320.50

-$1.40

+1.33%

Silver

$17.20

UNCH

+1.53%

XAU

87.39

-0.45%

+2.49%

HUI

198.13

-0.32%

+3.03%

GDM

661.89

-0.20%

+1.73%

JSE Gold

1322.71

+17.52

+1.47%

USD

91.97

+0.10

-0.36%

Euro

120.42

-0.26

+0.32%

Yen

88.43

-0.27

-0.43%

Oil

$61.44

-$0.57

+1.69%

10-Year

2.477%

+0.025

+2.74%

Bond

151.9375

-0.375

-0.63%

Dow

25295.87

+0.88%

+2.33%

Nasdaq

7136.56

+0.83%

+3.38%

S&P

2743.15

+0.70%

+2.60%

 
http://www.goldseek.com/news/2018/2018-01-05_14-03-08.jpg

 

The Metals:

 

Gold fell $5.70 to $1316.20 in London before it jumped up to $1322.80 after the release of this morning’s jobs data and then fell to a new session low of $1313.80 in the next hour of trade, but it then climbed back towards its earlier high by late morning and ended with a loss of just 0.11%. Silver slipped to as low as $17.101 and ended unchanged on the day.

 

Euro gold rose to about €1097, platinum gained $5 to $967, and copper fell 3 cents to about $3.22.

 

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

 

The Economy:

 

U.S. factory orders rise for fourth straight month  Reuters

Service-sector growth tumbles in December, ISM says  MarketWatch

Traders keep bets on two Fed rate hikes after jobs report  Reuters

U.S. Trade Deficit Balloons to Widest in Almost Six Years  Bloomberg

U.S. Adds 148,000 Jobs, Wages Rise in Signs of Full Employment  Bloomberg

U.S. job growth slows in December; wages increase  Reuters

 

Next week’s economic highlights include Consumer Credit on Monday, JOLTS data on Tuesday, Import and Export Prices and Wholesale Trade on Wednesday, Initial Jobless Claims and PPI on Thursday, and CPI, Retail Sales, and Business Inventories on Friday.

 

The Markets:

 

Oil pared this week’s gain on profit taking.

 

The U.S. dollar index saw modest gains on the outlook for more interest rate hikes from the fed.

 

Treasuries edged lower as the Dow, Nasdaq, and S&P climbed to new highs on economic optimism.

 

Among the big names making news in the market Friday were Deutsche Bank, Uber, Apple, Intel, and Denali Therapeutics.

 

GATA Posts:

 

 

John Hathaway: Gold and bitcoin are attacked to defend government currencies

Dollar drop could force global central banks into rates rethink

 

The Statistics:

Activity from: 1/4/2018

Gold Warehouse Stocks:

9,234,329.256

-

Silver Warehouse Stocks:

245,527,492.257

-

 

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

836.040

26,879,537

US$35,402m

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$5,860m

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$6,489m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$474m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.275 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 245.09: +1.17 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,904.09: -64.52 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Almaden

AAU +2.04% $1.00

2.  Paramount

PZG +1.57% $1.29

3.  Freeport

FCX +0.81% $19.90

 

LOSERS

1.  Avino

ASM -4.58% $1.46

2.  Endeavour Silver

EXK -2.76% $2.47

3.  Hecla

HL -2.17% $4.05

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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