-- Published: Friday, 2 January 2015 | Print | Disqus
Gold edged up to $1188.16 in early Asian trade before it fell back to $1168.43 at about 8:20AM EST, but it then jumped to a new session high of $1194.71 by late morning in New York and ended with a gain of 0.41%. Silver rose to as high as $16.06 and ended with a gain of 0.64%.
Euro gold rose to about €989, platinum lost $7 to $1197, and copper remained at about $2.83.
Gold and silver equities fell over 2% at the open, but they then rallied back higher into midday and into the close and ended with over 2% gains.
Next week’s economic highlights include Factory Orders and ISM Services on Tuesday, ADP Employment, the Trade Balance, and FOMC Minutes on Wednesday, Initial Jobless Claims and Consumer Credit on Thursday, and December’s jobs data and Wholesale Inventories on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil fell on weak economic data and “growing supply from Russia and Iraq.”
The U.S. dollar index rose as the euro fell to a new four-year low “after European Central Bank President Mario Draghi hinted that the bank is moving closer to launching a full-scale quantitative easing program.”
Treasuries found decent gains as the Dow, Nasdaq, and S&P traded mostly lower on worries about poor economic data.
Among the big names making news in the market Friday were Pimco, Linn Energy, and RBS.
Koos Jansen: More silver traded in Shanghai than on Comex in 2014
Fed audit legislation likely to get full vote in Congress this year
Turkish gold imports surge to record in November
Activity from: 12/31/2014
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 subtracted 1.792 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.18: -0.55 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,250.59: No change from yesterday’s data.
Yamana’s (AUY) assessment response was the only big story in the gold and silver mining industry making headlines Friday.
SAND +10.0% $3.74
BTG +6.79% $1.73
AEM +6.15% $27.00
MUX -0.90% $1.10
BVN -0.55% $9.67
AU -0.50% $8.78
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2014
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Friday, 2 January 2015 | E-Mail | Print | Source: GoldSeek.com