Gold fell $7.66 to $1314.34 just after the release of today’s fed minutes before it bounced back higher in the next hour of trade, but it then fell back off again into the close and ended near its last minute low of $1309.00 with a loss of 0.89%.Silver slipped to as low as $21.382 and ended with a loss of 2.37%.
Euro gold fell to about €954, platinum lost $9.20 to $1409.80, and copper remained at about $3.26.
Gold and silver equities chopped lower throughout most of trade and ended with about 3% losses.
Oil rose on expectations for declining supplies in tomorrow’s inventory report.
The U.S. dollar index turned modestly higher after today’s release of fed minutes showed that FOMC officials discussed plans to possibly change their guidance for the path of interest rates.
Treasuries erased early gains on uncertainty about what the fed will do.
The Dow, Nasdaq, and S&P traded mostly lower on poor economic data and worries about future fed actions.
Among the big names making news in the market today were BofA, AIG, HP, Carlyle, and MGM.
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
801.251
25,761,015
US$33,998m
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$5,858m
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$472m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
41.25
1,326,273
US$1,676m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.63: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,150.51: +119.67 change from yesterday’s data.
Eurasian’s (EMXX) completed royalty property consolidation, AngloGold’s (AU) 2013 results, and Hecla’s (HL) 2013 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Avino
ASM +5.34% $2.76
2.Turquoise
TRQ +2.42% $3.39
LOSERS
1.Great Panther
GPL -12.88% $1.15
2.Mines Management
MGN -9.92% $1.18
3.Timmins
TGD -9.49% $1.43
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 Fall About 1% and 2%
