-- Published: Wednesday, 25 March 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1195.60 | +$1.90 |
Silver | $16.97 | -$0.03 |
XAU | 69.48 | -1.52% |
HUI | 170.47 | -1.47% |
GDM | 538.49 | -1.32% |
JSE Gold | 1265.23 | +3.39 |
USD | 96.88 | -0.27 |
Euro | 109.71 | +0.45 |
Yen | 83.74 | +0.24 |
Oil | $49.21 | +$1.70 |
10-Year | 1.920% | +0.042 |
Bond | 164.53125 | -0.71875 |
Dow | 17718.54 | -1.62% |
Nasdaq | 4876.51 | -2.37% |
S&P | 2061.05 | -1.46% |
The Metals:
Gold edged down to $1187.64 in Asia before it rebounded to $1199.35 at about 9:30AM EST and then chopped back lower into midday, but it still ended with a gain of 0.16%. Silver slipped to $16.87 in Asia, but it then rose to as high as $17.127 in New York and ended with a loss of just 0.18%.
Euro gold fell to about €1090, platinum gained $4 to $1142, and copper fell slightly to about $2.79.
Gold and silver equities opened up over 1% higher before they fell back off with the major indices for most of the rest of trade, but they ended with only a little over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods | Feb | -1.4% | 0.4% | 2.0% |
Durable Goods -ex trans. | Feb | -0.4% | 0.3% | -0.7% |
Fed's Evans Says Low Inflation Makes Rate Rise Too Risky in 2015 Bloomberg
U.S. mortgage applications rise in latest week-MBA Reuters
Tomorrow brings Initial Jobless Claims for 3/21 expected at 290,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil briefly pared early gains after the Energy Information Administration reported that crude inventories rose 8.2 million barrels, gasoline inventories fell 2.0 million barrels, and distillates were unchanged, but it then rose to new session highs in late trade and ended nearly 4% higher on worries about increasing unrest in Yemen.
Saudi Ally Retreats in Yemen as Rebels Advance on Stronghold Bloomberg
The U.S. dollar fell on poor durable goods data in the US and rising business morale in Europe that sent the euro higher.
Treasuries edged lower on profit taking.
The Dow, Nasdaq, and S&P fell about 2% on worries about poor economic data and upcoming earnings reports.
Among the big names making news in the market today were Airbus, Ford, Kraft, and Heinz.
The Statistics:
Activity from: 3/24/2015
Gold Warehouse Stocks: | 7,887,779.813 | -192.90 |
Silver Warehouse Stocks: | 175,180,435.491 | -166,432.54 |
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 | 744.401 | 23,933,240 | US$28,507m |
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$5,318m |
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$430m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.71: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,118.69: No change from yesterday’s data.
The Miners:
IAMGOLD’s (IAG) retiring directors, Seabridge Gold’s (SA) resource estimate for the Iron Cap Lower Zone, and Excellon’s (EXN.TO) 2014 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +2.37% $3.45 |
2. Avino | ASM +2.05% $1.49 |
3. Richmont | RIC +1.95% $3.14 |
LOSERS
1. Turquoise | TRQ -4.22% $2.95 |
2. IAMGOLD | IAG -4.13% $2.09 |
3. Yamana | AUY -3.60% $4.02 |
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: Wednesday, 25 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged While Stocks Drop 2%
