-- Published: Friday, 5 December 2014 | Print | Disqus
Gold edged up to $1207.47 at about 8:15AM EST before it dropped to $1187.20 just after this morning’s jobs report was released and then bounced back higher at times, but it still ended with a loss of 1.24%. Silver slipped to as low as $16.22 and ended with a loss of 1.03%.
Euro gold fell to about €969, platinum lost $13 to $1221, and copper fell slightly to about $2.91.
Gold and silver equities fell about 3% in the first fifteen minutes of trade before they rallied back higher in late morning trade, but the still ended with about 2% losses.
The BLS net birth/death adjustment added 8,000 payrolls to November’s data. Private Payrolls rose 314,000.
All of this week’s other economic reports:
Next week’s economic highlights include Wholesale Inventories on Tuesday, the Treasury Budget on Wednesday, Initial Jobless Claims, Retail Sales, Export and Import Prices, and Business Inventories on Thursday, and PPI and Michigan Sentiment on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil dropped as the U.S. dollar index rose and treasuries fell on better than expected jobs data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Starbucks, Burger King, and Cadillac.
Koos Jansen: World Gold Council increases estimate of Chinese gold demand
Zero Hedge: Draghi says we have nothing to fear but gold buying itself
Activity from: 12/04/2014
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: 162.79: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,737.66: No change from yesterday’s data.
Allied Nevada’s (ANV) operational update and Freeport’s (FCX) cash tender offer were among the big stories in the gold and silver mining industry making headlines Friday.
FSM +2.63% $4.30
NSU +1.59% $3.83
SVLC +1.55% $1.31
1. Allied Nevada
ANV -11.54% $1.38
PPP -6.10% $4.05
DRD -4.69% $1.83
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, 5 December 2014 | E-Mail | Print | Source: GoldSeek.com