-- Published: Tuesday, 1 July 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1326.80 | -$1.70 |
Silver | $21.05 | -$0.04 |
XAU | 99.90 | -0.91% |
HUI | 238.72 | -0.99% |
GDM | 727.65 | -0.64% |
JSE Gold | 1506.15 | +56.49 |
USD | 79.81 | +0.03 |
Euro | 136.79 | -0.13 |
Yen | 98.50 | -0.19 |
Oil | $105.34 | -$0.03 |
10-Year | 2.563% | +0.047 |
Bond | 136.28125 | -0.90625 |
Dow | 16956.07 | +0.77% |
Nasdaq | 4458.65 | +1.15% |
S&P | 1973.32 | +0.67% |
The Metals:
Gold edged down to $1323.80 in Asia before it rebounded to $1330.68 at about 9:30AM EST and then chopped back lower in early afternoon trade in New York, but it ended with a loss of just 0.13%. Silver slipped to as low as $21.011 and ended with a loss of 0.19%.
Euro gold remained at about €970, platinum gained $23 to $1505, and copper remained at about $3.19.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | June | 55.3 | 55.8 | 55.4 |
Construction Spending | May | 0.1% | 0.4% | 0.2% |
U.S. manufacturing expands in June at fastest rate in over four years: Markit Reuters
Tomorrow brings ADP Employment and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected economic data out of China in early trade, but it then fell back off into the close and ended with a minor loss ahead of tomorrow’s inventory data.
The U.S. dollar index pared overnight gains and ended near unchanged on weak data from the US.
Treasuries fell as the Dow, Nasdaq, and S&P found roughly 1% gains on optimism about China’s expanding manufacturing.
Among the big names making news in the market today were Goldman Sachs, Twitter, Pinnacle, Chrysler, DirecTV, and BNP Paribas.
The Statistics:
Activity from: 6/30/2014
Gold Warehouse Stocks: | 8,298,549.444 | - |
Silver Warehouse Stocks: | 176,234,326.801 | +716,987.921 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
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 | 790.704 | 25,421,922 | US$33,415m |
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$5,899m |
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$477m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.688 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.76: +1.14 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,042.47: -64.21 change from yesterday’s data.
The Miners:
WINNERS
1. Paramount | PZG +4.17% $1.00 |
2. Richmont | RIC +3.65% $1.42 |
3. Solitario | XPL +3.03% $1.36 |
LOSERS
1. Great Panther | GPL -7.14% $1.17 |
2. Tanzanian Royalty | TRX -4.42% $2.16 |
3. SilverCrest | SVLC -4.23% $2.04 |
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, 1 July 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
