-- Published: Monday, 2 February 2015 | Print | Disqus
Gold dropped $17.66 to $1266.64 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended a loss of just 0.76%. Silver slipped to as low as $17.004 in London, but it then climbed to as high as $17.306 in New York and ended with a loss of just 0.35%.
Euro gold fell to about €11254, platinum lost $11 to $1224, and copper remained at about $2.50.
Gold and silver equities fell over 1% at the open, but they then chopped back higher for most of the rest of trade and ended with over 1% gains.
PCE Prices – Core
Obama proposes $3.99 trillion budget, sets up battle with Republicans Reuters
U.S. to Reduce Debt Next Quarter After Borrowing Least Since ’07 Bloomberg
Tomorrow brings Factory Orders for December expected at -2.0%.
Charts Courtesy of http://finance.yahoo.com/
Oil added onto last Friday’s notable gains.
The U.S. dollar fell as currencies of oil exporters rose.
Treasuries traded mixed as the Dow, Nasdaq, and S&P waffled near unchanged for most of the day, but stocks then rallied higher into the close and ended with about 1% gains on hopes that the EU is working out a deal with Greece.
Greece says not in 'Wild West showdown' with Europe Reuters
Among the big names making news in the market today were Lululemon, GM, and Exxon.
Has Swiss National Bank adopted a secret currency peg?
Chinese banks to join new gold fix in March
Activity from: 1/29/2015
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: 167.54: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,931.80: No change from yesterday’s data.
Primero’s (PPP) President and Chief Operating Officer appointment, Randgold’s (GOLD) Ebola film and development of a third underground mine in Mali, Great Panther’s (GPL) correction, and Paramount’s (PZG) drill results were among the big stories in the gold and silver mining industry making headlines today.
RBY +6.94% $1.19
TRQ +5.56% $3.04
EGO +5.29% $5.18
1. Allied Nevada
ANV -4.85% $0.98
LODE -4.63% $1.03
AAU -3.33% $1.16
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: Monday, 2 February 2015 | E-Mail | Print | Source: GoldSeek.com