-- Published: Friday, 27 March 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1198.70 | -$4.70 | +1.31% |
Silver | $16.95 | -$0.10 | +1.32% |
XAU | 67.72 | -0.97% | -2.20% |
HUI | 166.22 | -0.71% | -2.09% |
GDM | 524.07 | -0.95% | -1.82% |
JSE Gold | 1259.68 | -43.66 | -1.35% |
USD | 97.33 | -0.03 | -0.57% |
Euro | 108.89 | +0.14 | +0.73% |
Yen | 83.90 | UNCH | +0.76% |
Oil | $48.87 | -$2.56 | +6.89% |
10-Year | 2.007% | -0.059 | +3.99% |
Bond | 164.09375 | +1.6875 | +10.37% |
Dow | 17712.66 | +0.19% | -2.29% |
Nasdaq | 4891.21 | +0.57% | -2.69% |
S&P | 2061.02 | +0.24% | -2.23% |
The Metals:
Gold edged up to $1205.16 in Asia before it fell back to $1192.69 by a little before 10AM EST, but it then bounced back higher into midday and ended with a loss of just 0.39%. Silver slipped to as low as $16.864 and ended with a loss of 0.59%.
Euro gold fell to about €1100, platinum lost $15 to $1134, and copper fell 5 cents to about $2.76.
Gold and silver equities fell over 2% in the first 20 minutes of trade, but they then rallied back higher in early afternoon trade and ended with less than 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q4 | 2.2% | 2.4% | 2.2% |
GDP Deflator | Q4 | 0.1% | 0.1% | 0.1% |
Michigan Sentiment | Mar | 93.0 | 92.0 | 91.2 |
Yellen Sees Gradual Pace of Rate Increases Starting This Year Bloomberg
Fed's Fischer Says More Work Needed to Protect Financial System Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, and Pending Home Sales on Monday, the Case-Shiller 20-city Index, Chicago PMI, and Consumer Confidence on Tuesday, ADP Employment, the ISM Index, and Construction Spending on Wednesday, Initial Jobless Claims, the Trade Balance, and Factory Orders on Thursday, and March’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on easing worries about conflict in the Middle East.
The U.S. dollar index edged lower on mixed economic data that sent treasuries higher.
The Dow, Nasdaq, and S&P ended slightly higher in relatively quiet trade.
Among the big names making news in the market Friday were Ford, GM, Google, Chevron, ABN Amro, Novo Nordisk, and Dow Chemical.
GATA Posts:
USAWatchdog's Greg Hunter interviews GoldMoney's Alasdair Macleod
Former BIS official who admitted gold price suppression comes out for free markets
The Statistics:
Activity from: 3/26/2015
Gold Warehouse Stocks: | 7,981,901.474 | -64.30 |
Silver Warehouse Stocks: | 176,477,914.101 | +1,297,478.61 |
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 | 737.237 | 23,702,920 | US$28,508m |
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$5,324m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.97 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.71: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,074.06: -44.63 change from yesterday’s data.
The Miners:
Midway’s (MDW) first gold pour, Pretivm’s (PVG) Environmental Assessment Certificate, and Hecla’s (HL) merger agreement with Revett (RVM) were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Resource | GORO +2.47% $3.32 |
2. MAG Silver | MVG +1.93% $6.85 |
3. First Majestic | AG +1.21% $5.87 |
LOSERS
1. Avino | ASM -5.33% $1.42 |
2. Rio Alto | RIOM -4.73% $2.62 |
3. Harmony | HMY -4.26% $1.80 |
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 2015
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, 27 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% on the Week
