-- Published: Wednesday, 6 May 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1191.70 | -$1.20 |
Silver | $16.50 | -$0.04 |
XAU | 71.53 | -1.91% |
HUI | 173.43 | -2.96% |
GDM | 547.77 | -2.45% |
JSE Gold | 1287.46 | -64.85 |
USD | 94.12 | -0.97 |
Euro | 113.47 | +1.61 |
Yen | 83.71 | +0.27 |
Oil | $60.93 | +$0.53 |
10-Year | 2.240% | +0.064 |
Bond | 154.46875 | -1.59375 |
Dow | 17841.98 | -0.48% |
Nasdaq | 4919.64 | -0.40% |
S&P | 2080.15 | -0.45% |
The Metals:
Gold edged up to $1197.03 in Asia before it fell back to $1188.49 in London and then rose to a new session high of $1197.34 in early New York trade, but it then drifted back lower into midday and ended with a loss of 0.1%. Silver slipped to a low as $16.39 and ended with a loss of 0.24%.
Euro gold fell to about €1050, platinum lost $3 to $1140, and copper remained at about $2.93.
Gold and silver equities fell back off for most of trade and ended with almost 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Apr | 169K | 189K | 175K |
Productivity | Q1 | -1.9% | -1.8% | -2.1% |
Unit Labor Costs | Q1 | 5.0% | 4.5% | 4.2% |
U.S. Mortgage Delinquencies Fall to Lowest Since 2007 Bloomberg
U.S. mortgage applications fall in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained higher after the Energy Information Administration reported that crude inventories fell 3.9 million barrels, gasoline inventories rose 400,000 barrels, and distillates rose 1.5 million barrels.
The U.S. dollar fell on poor jobs data.
Deepening bond rout rattles world markets Reuters
Treasuries Losses Mount as Yellen Joins Higher-Rates Chorus Bloomberg
The Dow, Nasdaq, and S&P fell on worries about poor economic data and rising interest rates.
Among the big names making news in the market today were Glaxo, Fiat Chrysler, Shell, Google, and Allianz.
GATA Posts:
China tests yuan gold fix amid pricing ambitions, sources tell Reuters
Zero Hedge: Gold repatriation from NY Fed continued in March
The Statistics:
Activity from: 5/5/2015
Gold Warehouse Stocks: | 7,828,991.845 | +67,299.565 |
Silver Warehouse Stocks: | 174,721,151.314 | -539,710.505 |
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 | 741.750 | 23,848,011 | US$28,467m |
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$5,288m |
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$5,839m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$428m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.67 | 921,689 | US$1,101m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.54: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,125.13: -66.65 change from yesterday’s data.
The Miners:
ITH’s (THM) first quarter results, Randgold’s (GOLD) Scrip Dividend Scheme, Primero’s (PPP) first quarter results, and Endeavour Silver’s (EXK) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Primero | PPP +3.86% $3.77 |
2. SilverCrest | SVLC +1.85% $1.10 |
3. MAG Silver | MVG +1.29% $7.09 |
LOSERS
1. IAMGOLD | IAG -6.58% $2.13 |
2. Gold Fields | GFI -6.36% $4.12 |
3. Richmont | RIC -5.47% $3.11 |
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, 6 May 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
