Gold fell to as low as $1326.25 at about 10AM EST before it bounced back higher midday, but it then fell back off again in the last couple of hours of trade and ended near its late session low of $1321.60 with a loss of 3.05%.Silver slumped to as low as $21.83 and ended with a loss of 5.66%.
Euro gold fell to about €995, platinum lost $32.50 to $1435.50, and copper fell 6 cents to about $3.21.
Gold and silver equities fell over 4% in the first half hour of trade before they pared some losses, but they then fell back off again in afternoon trade and ended with about 5% losses.
“The number of Americans filing new claims for jobless benefits appeared to drop to a near 7-1/2-year low last week but the decline was driven by two states that had trouble processing filings, making it difficult to get a clear read on the health of the labor market.”
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
917.126
29,486,502
US$39,136m
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$5,917m
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$8,004m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$475m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
41.92
1,347,690
US$1,869m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 177.56: -0.61 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,563.70: No change from yesterday’s data.
Barrick’s (ABX) and Newmont’s (NEM) inclusions in the Dow Jones Sustainability World Index, AuRico’s (AUQ) exploration update, and Santacruz Silver’s (SCZ.V) new access ramp were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1.Freeport
FCX +0.97% $33.15
LOSERS
1.Avino
ASM -11.18% $1.35
2.Alexco
AXU -9.41% $1.54
3.Endeavour Silver
EXK -9.05% $4.22
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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