Gold climbed $11.03 to $1599.73 by a little after 8AM EST before it dropped back to $1586.90 immediately after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.89%.Silver slumped down to $27.066 in early New York trade, but it then surged to as high as $27.883 and ended with a gain of 2.4%.
Euro gold fell to about €1295, platinum gained $16.50 to $1400.50, and copper rose 7 cents to about $3.37.
Gold and silver equities rose about 2% at the open and remained near that level for the rest of the day.
Next week’s economic highlights include Consumer Credit on Tuesday, Productivity and Unit Labor Costs on Wednesday, Initial Jobless Claims, the Trade Balance, and Wholesale Inventories on Thursday, and Import and Export Prices and the Treasury Budget on Friday.
Oil rose almost 5% as the U.S. dollar index and treasuries fell after this morning’s better than expected jobs report sent the Dow, Nasdaq, and S&P about 2% higher.
Among the big names making news in the market Friday were RBS, P&G, Boeing, LinkedIn, Viacom, Knight, and Bristol-Myers.
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
1251.925
40,250,633
US$64,455m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
123.88
3,982,972
US$6,390m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
147.79
4,751,614
US$7,748m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$575m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
40.91
1,315,135
US$2,098m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.86: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,759.01: +50.24 change from yesterday’s data.
ITH’s (THM) private placement and Richmont’s (RIC) second quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Exeter
XRA+11.89% $1.60
2.McEwen
MUX+10.38% $3.19
3.Solitario
XPL +8.47% $1.28
LOSERS
1.NovaGold
NG -6.36% $3.68
2.Avino
ASM-4.07% $1.18
3.Richmont
RIC -1.41% $3.50
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
