-- Published: Tuesday, 29 April 2014 | Print | Disqus
Gold fell $10.16 to $1286.44 in late Asian trade before it rebounded to $1300.40 at about 9:30AM EST, but it then drifted back lower into the close and ended with a loss of 0.04%. Silver slipped to as low as $19.324 and ended with a loss of 0.51%.
Euro gold rose to about €938, platinum gained $11 to $1426, and copper fell a few cents to about $3.07.
Gold and silver equities rose about 1.5% by late morning and remained near that level for the rest of the day.
Case-Shiller 20-city Index
U.S. Senate panel backs Fischer to be Fed's No. 2 Reuters
Tomorrow brings ADP Employment, GDP, the Employment Cost Index, Chicago PMI, and a FOMC rate decision.
Charts Courtesy of http://finance.yahoo.com/
Oil remained firm on continued concerns about Ukraine.
The U.S. dollar index saw slight gains as the euro fell “after a softer-than-expected reading on German inflation added to expectations that the European Central Bank could be forced to ease monetary policy further to fight low inflation.”
Treasuries fell as the Dow, Nasdaq, and S&P rose on decent earnings reports.
Among the big names making news in the market today were GE, Apple, Merck, Bristol-Meyers, Sprint, and Herbalife.
Central banks soon may not have any intermediaries for rigging gold
Ted Butler: The world's most undervalued asset
Mine closings drop Ghana's gold production by 14%
Currencies weaken and gold flows from West to Asia, Sprott says
Activity from: 4/28/2014
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: 164.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,178.17: -104.61 change from yesterday’s data.
Gold Reserve’s (GRZ.V) new convertible notes, Newmont’s (NEM) AGM results, Comstock’s (LODE) first quarter results, and Fortuna’s (FSM) drill results were among the big stories in the gold and silver mining industry making headlines today.
1. Great Panther
GPL +10.20% $1.08
2. Endeavour Silver
EXK +7.26% $4.73
FSM +6.96% $4.15
PZG -1.94% $1.01
3. Gold Fields
GFI -1.42% $4.18
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: Tuesday, 29 April 2014 | E-Mail | Print | Source: GoldSeek.com