Gold climbed over 1% to $1703.57 in early London trade before it fell back to $1689.40 at about 10AM EST, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1703.72 with a gain of 0.91%.Silver rose to $34.145 before it slipped back to $33.37, but it also rallied back higher in late trade and ended with a gain of 1.35%.
Euro gold remained at about €1282, platinum gained $25.50 to $1652, and copper rose a couple of cents to about $3.79.
Gold and silver equities rose about 1.5% by early afternoon and remained near that level for the rest of the day.
Tomorrow at 8:30AM EST brings February’s jobs data and the Trade Balance for January expected at -$48.2 billion.Nonfarm Payrolls are expected at 206,000, the Unemployment Rate is expected at 8.3%, Hourly Earnings are expected at 0.2%, and the Average Workweek is expected at 34.5.At 10AM is the Wholesale Inventories report for January expected at 0.6%.
Oil rose as the U.S. dollar index and treasuries fell on optimism over a debt swap deal for Greece that sent the Dow, Nasdaq, and S&P higher.
“Greece closed a bond swap offer to private creditors on Thursday after clearing the minimum threshold of acceptance to push the deal through, moving closer to unlocking funds it needs to avoid a dangerous debt default.
Government officials said before the final deadline for declaring interest passed at 2000 GMT that more than 75 percent of eligible bonds had already been committed.”
Among the big names making news in the market today were BMW, Exxon Mobil, AIG, McDonald’s, Facebook, and Fender.
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)
SPDR® Gold Shares
1293.676
41,592,971
US$70,259m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
118.63
3,813,918
US$6,464m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,985m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
472,676
US$775m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
39.75
1,278,146
US$2,144m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.25: No change from yesterday’s data.
Tanzanian Royalty’s (TRX) drilling program, Indonesia’s mine rules, AuRico’s (AUQ) monthly update, and Lake Shore’s (LSG) royalty and equity investment agreements with Franco-Nevada Corporation (FNV) were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Tanzanian Royalty
TRX +7.18% $4.18
2.Mag Silver
MVG +6.69% $10.36
3.New Gold
NGD +4.27% $10.74
LOSERS
1.Avino
ASM -2.69% $2.17
2.Midway
MDW-2.44% $1.60
3.Entree
EGI -2.24% $1.31
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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Gold Seeker Closing Report: Gold and Silver Gain About 1%
