-- Published: Wednesday, 5 March 2014 | Print | Disqus
Gold fell $2.36 to $1332.74 in late Asian trade before it rallied back to $1341.79 by early afternoon in New York, but it then fell back off into the close and ended with a gain of just 0.17%. Silver climbed to $21.314 in London, but it then fell back off in late trade and ended with a loss of 0.09%.
Euro gold rose to about €974, platinum gained $15 to $1473, and copper fell slightly to about $3.20.
Gold and silver equities rose over 1% by midmorning and remained near that level for the rest of the day.
The fed’s Beige Book reported that “U.S. economic conditions in January and early February were difficult to discern due to severe cold weather.”
Tomorrow brings Initial Jobless Claims, Productivity, and Factory Orders.
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 1.4 million barrels, gasoline inventories fell 1.6 million barrels, and distillates rose 1.4 million barrels.
The U.S. dollar index traded mostly slightly lower on poor economic data.
Treasuries remained near unchanged while the Dow, Nasdaq, and S&P traded mixed ahead of Friday’s jobs data.
Among the big names making news in the market today were Tesla, Yahoo, and Google.
New York trader sues London gold fix banks, charging manipulation
Bank of England suspends employee as notes show currency rig concerns from 2006
Peter Schiff interviews GATA Chairman Bill Murphy
Activity from: 3/04/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.54: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,164.74: -3.73 change from yesterday’s data.
Primero’s (PPP) year-end Mineral Reserves and Mineral Resources and closing of its acquisition of Brigus, Pretivm’s (PVG) adopted Advance Notice Policy, and Great Panther’s (GPL) illegal miner disruptions were among the big stories in the gold and silver mining industry making headlines today.
1. Mines Management
MGN +9.52%% $1.60
2. Tanzanian Royalty
TRX +9.17% $2.50
3. Great Panther
GPL +7.20% $1.34
EMXX -2.34% $1.08
XPL -2.16% $1.585
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 5 March 2014 | E-Mail | Print | Source: GoldSeek.com