The Metals:

Gold traded mostly slightly higher in Asia and London before it dropped back to $1186.35 at about 10AM EST, but it then climbed back higher for most of the rest of trade and ended near its early afternoon high of $1197.96 with a gain of 0.67%.  Silver rose to $15.958 in London before it fell back to $15.755 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.63%.

Euro gold fell to about €1104, platinum gained $7.50 to $1134, and copper climbed a few cents to about $2.70.

Gold and silver equities chopped steadily higher for most of the day and ended with about 2% gains.

The Economy:

Fed eyes ability of asset managers to repay in a panic Reuters

U.S. factory activity growth slows in April: Markit Reuters

Tomorrow brings Durable Goods Orders for March.

The Markets:

Charts Courtesy of http://finance.yahoo.com/

Oil rose almost 3% on renewed worries about escalating unrest in the Middle East.

The U.S. dollar fell on poor economic data in the US while the euro jumped higher “on speculation that Greece and its creditors will reach a deal to receive aid payments before the country runs out of money.”

Treasuries bounced back from yesterday’s notable selloff.

The Dow, Nasdaq, and S&P reversed early losses and ended with modest gains on mixed earnings reports.

Among the big names making news in the market today were Dow Chemical, P&G, Caterpillar, 3M, YouTube, Facebook, GM, and Deutsche Bank.

GATA Posts:

Sprott said planning unsolicited bid for Canadian metals trusts

Lawrence Williams: Does any nation hold the gold it says it does?

Deutsche Bank to pay record $2.5 billion to resolve LIBOR rigging

Swiss gold exports show Asia buying more as investors sell bars

Deutsche Bank sets aside E1.5 billion as Libor settlement looms

Chilean regulator seeks new sanctions against Barrick's Pascua-Lama

Flash crash arrest lays bare regulatory lapses at all levels -- starting with CME Group

The Statistics:

Activity from: 4/22/2015

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 Note: No change in Total Tonnes from yesterday’s data.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.58: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,150.14: No change from yesterday’s data.

The Miners:

Freeport’s (FCX) first quarter results and MAG Silver’s exploration results were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

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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• http://www.silverseek.com
• http://www.goldreview.com 

© Gold Seeker 2015

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