-- Published: Thursday, 28 August 2014 | Print | Disqus
Gold rose $14.33 to $1296.33 at about 8:30AM EST before it pared back to $1287.37 in the next couple of hours of trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.57%. Silver surged to as high as $19.851 and ended with a gain of 0.46%.
Euro gold climbed to about €978, platinum gained $6 to $1421, and coper fell 4 cents to about $3.14.
Gold and silver equities rose over 1% at the open before they fell back towards unchanged by midmorning, but they then climbed back towards their opening highs by early afternoon and remained near that level into the close.
Pending Home Sales
Tomorrow brings Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment.
Charts Courtesy of http://finance.yahoo.com/
Oil rose on renewed worries about Ukraine that sent treasuries higher and the Dow, Nasdaq, and S&P lower. Today’s $29 billion 7-year note auction sold at yield of 2.045% with a bid to cover of 2.57. The U.S. dollar ended slightly higher in mixed trade.
Among the big names making news in the market today were JPMorgan, Google, Alibaba, Paramount, and Dollar General and Family Dollar.
Gold Switzerland interview: Alasdair Macleod on the reasons for owning gold
Activity from: 8/27/2014
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: 165.96: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,272.89: No change from yesterday’s data.
Newmont’s (NEM) dealings in Indonesia and Avino’s (ASM) restarted mining operations were among the big stories in the gold and silver mining industry making headlines today.
ASM +6.09% $2.09
BVN +5.07% $14.44
MUX +4.89% $2.79
1. Golden Minerals
2. MAG Silver
MVG -2.47% $8.30
NSU -1.46% $4.06
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: Thursday, 28 August 2014 | E-Mail | Print | Source: GoldSeek.com