-- Published: Wednesday, 29 April 2015 | Print | Disqus
Gold fell $7.81 to $1204.39 at about 5:40AM EST before it bounced back to $1213.69 in the next few hours of trade and then dropped to as low as $1201.69 after the release of today’s fed statement, but it then edged back higher in late trade and ended with a loss of just 0.68%. Silver slipped to $16.427 before it bounced back to $16.718 and then fell back off into the close, but it ended with a loss of just 0.48%.
Euro gold fell to about €1084, platinum lost $3 to $1150, and copper remained at about $2.78.
Gold and silver equities rose almost 2% by early afternoon before they fell back to about unchanged after the release of today’s fed statement, but they then rallied back higher into the close and ended with about 1% gains.
Pending Home Sales
Fed expects economy to recover as it keeps rate options open MarketWatch
Fed Says Economy Slowed During Winter as June Liftoff Odds Drop Bloomberg
GDP Growth Bust Is Final Nail in the Coffin for June Rate Hike Bloomberg
Tomorrow brings Initial Jobless Claims, Personal Income and Spending, Core PCE Prices, the Employment Cost Index, and Chicago PMI.
Charts Courtesy of http://finance.yahoo.com/
Oil extended higher after the Energy Information Administration reported that crude inventories rose 1.9 million barrels, gasoline inventories rose 1.7 million barrels, and distillates fell 100,000 barrels.
The U.S. dollar fell markedly on worse than expected GDP data.
Treasuries followed European debt lower. “Traders blamed the dumping of Treasuries, German Bunds and British Gilts on a combination of factors including less gloomy economic figures on Europe, a failed five-year German debt auction and hefty U.S. bond supply this week.” Today’s $29 billion 7-year note auction sold at yield of 1.82% with a bid to cover of 2.44.
The Dow, Nasdaq, and S&P fell on poor economic data and mixed earnings reports.
Among the big names making news in the market today were Salesforce, Ford, Lumber Liquidators, Time Warner, Twitter, GoPro, Valeant, Barclays, Sinopec, and Marathon Petroleum.
For now, India brushes off concerns over gold import spike
Activity from: 4/28/2015
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: 165.58: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,191.78: -92.18 change from yesterday’s data.
Barrick Gold’s (ABX) partnership with Newmont (NEM) in Australia and Lake Shore’s (LSG) quarterly results were among the big stories in the gold and silver mining industry making headlines today.
1. Tahoe Resources
TAHO +6.80% $13.51
KGC +3.38% $2.45
IAG +3.07% $2.35
CDE -3.19% $5.47
NSU -2.43% $4.01
HL -2.19% $3.12
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, 29 April 2015 | E-Mail | Print | Source: GoldSeek.com