-- Published: Thursday, 5 February 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1270.20 | +$4.90 |
Silver | $17.30 | -$0.06 |
XAU | 81.03 | +1.27% |
HUI | 203.75 | +0.94% |
GDM | 625.18 | +1.27% |
JSE Gold | 1549.13 | -16.54 |
USD | 93.49 | -0.64 |
Euro | 114.83 | +1.44 |
Yen | 85.08 | -0.22 |
Oil | $50.48 | +$2.03 |
10-Year | 1.815% | +0.018 |
Bond | 148.9375 | -0.50 |
Dow | 17884.88 | +1.20% |
Nasdaq | 4765.09 | +1.03% |
S&P | 2062.52 | +1.03% |
The Metals:
Gold saw decent gains in Asia before it fell back to $1256.76 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.39%. Silver slipped to as low as $16.929 and ended with a loss of 0.35%.
Euro gold fell to about €1103, platinum gained $14 to $1251, and copper remained at about $2.59.
Gold and silver equities waffled near unchanged for most of the morning, but they then climbed higher in afternoon trade and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 1/31 | 278K | 290K | 267K |
Trade Balance | Dec | -$46.6B | -$38.0B | -$39.8B |
Productivity | Q4 | -1.8% | 0.2% | 3.7% |
Unit Labor Costs | Q4 | 2.7% | 1.2% | -2.3% |
Tomorrow brings January’s jobs data and Consumer Credit for December.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed over 4% on worries about increasing violence in Libya.
The U.S. dollar fell notably as the euro rose on speculation over moves by the Swiss National Bank.
Treasuries fell on easing worries over Greece that sent the Dow, Nasdaq, and S&P about 1% higher.
Among the big names making news in the market today were Pfizer, Ford, and Philip Morris.
GATA Posts:
Koos Jansen: Gold repatriation concerns in Belgium?
Germany's gold repatriation campaign celebrated in long profile by Bloomberg News
Gold imports by India are said to surge this year as curbs are scrapped
Congress indignant: Why aren't our pots calling those kettles black?
The Statistics:
Activity from: 2/4/2015
Gold Warehouse Stocks: | 8,166,202.936 | +56,958.685 |
Silver Warehouse Stocks: | 178,015,770.104 | -6,141.66 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
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 | 767.929 | 24,689,693 | US$31,075m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,610m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.986 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.75: +0.24 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,963.31: No change from yesterday’s data.
The Miners:
Rio Alto’s (RIOM) year-end reserves and resources, Comstock’s (LODE) CFO promotion, IAMGOLD’s (IAG) exploration results, Centerra Gold’s (CG.TO) agreement with Premier Gold (PG.TO), Timmins Gold’s (TGD) drill results, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +6.68% $19.59 |
2. Paramount | PZG +5.88% $1.44 |
3. DRDGOLD | DRD +5.75% $2.39 |
LOSERS
1. New Gold | NGD -3.20% $3.93 |
2. IAMGOLD | IAG -1.86% $2.65 |
3. Gold Fields | GFI -1.56% $5.83 |
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: Thursday, 5 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed Before Jobs Day
