-- Published: Friday, 17 October 2014 | Print | Disqus
Gold edged up to $1241.19 in Asia before it fell back to $1231.88 by midmorning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.14%. Silver slipped to as low as $17.232 and ended with a loss of 0.58%.
Euro gold rose to about €970, platinum gained $9 to $1256, and copper climbed a couple of cents to about $3.00.
Gold and silver equities fell about 3% by early afternoon and remained near that level into the close.
Yellen ‘Greatly’ Concerned by Widening U.S Inequality Bloomberg
All of this week’s other economic reports:
NAHB Housing Market Index - October
54 v. 59
Next week’s economic highlights include Existing Home Sales on Tuesday, CPI on Wednesday, Initial Jobless Claims, the FHFA Housing Price Index, and Leading Economic Indicators on Thursday, and New Home Sales on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil continued to bounce back from significant losses seen over the past few weeks.
The U.S. dollar index rose on decent economic data.
Treasuries fell as the Dow, Nasdaq, and S&P rose nearly 2% on positive earnings reports and the outlook for more easy monetary policy from the world’s central banks.
Among the big names making news in the market Friday were Google, Goldman Sachs, Morgan Stanley, Synchrony, Honeywell, and GE.
China gold production seen falling, prompting more imports
Activity from: 10/16/2014
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: Change in Total Tonnes from yesterday’s data: SPDR added 1.794 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.40: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,717.20: No change from yesterday’s data.
Turquoise Hill’s (TRQ) treasury bill repayment, Richmont’s (RIC) new CEO, and Timmins Gold’s (TGD) third quarter production results were among the big stories in the gold and silver mining industry making headlines Friday.
RVM +5.15% $1.02
RIC +0.83% $2.43
TRQ +0.61% $3.31
1. Allied Nevada
ANV -8.65% $2.43
ASM -8.33% $1.43
AUQ -7.77% $3.56
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: Friday, 17 October 2014 | E-Mail | Print | Source: GoldSeek.com