Gold Seeker Closing Report: Gold Gains With Oil
By: Chris Mullen, Gold-Seeker.com
-- Published: Wednesday, 20 May 2015 | Print | Comment
Please Note: This will be the last Gold Seeker Closing Report until next Tuesday.
Close
Gain/Loss
Gold
$1210.20
+$2.00
Silver
$17.12
UNCH
XAU
72.06
+0.13%
HUI
173.40
+0.13%
GDM
556.25
+0.21%
JSE Gold
1129.04
-29.62
USD
95.49
+0.18
Euro
111.08
-0.41
Yen
82.51
-0.34
Oil
$58.98
+$0.99
10-Year
2.251%
-0.011
Bond
152.59375
-0.40625
Dow
18285.40
-0.15%
Nasdaq
5071.74
+0.03%
S&P
2125.85
-0.09%
The Metals:
Gold dipped $3.45 to $1204.75 in Asia before it bounced back to $1212.68 at about 10AM EST and then drifted back towards unchanged in the next four hours of trade, but it then rose to a new session high of $1213.10 after the release of today�s fed minutes and ended with a gain of 0.17%.Silver slipped to $16.978 before it climbed back to $17.289, but it then drifted back lower into the close and ended unchanged on the day.
Euro gold rose to about �1090, platinum gained $6 to $1153, and copper fell slightly to about $2.83.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
FOMC Minutes from the fed�s April 29th meeting showed the fed officials �believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data�.
Tomorrow brings Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators.
Oil remained higher after the Energy Information Administration reported that crude inventories fell 2.7 million barrels, gasoline inventories fell 2.8 million barrels, and distillates fell 500,000 barrels.
The U.S. dollar pared early gains and treasuries traded mixed along with the Dow, Nasdaq, and S&P after the release of today�s fed minutes.
Among the big names making news in the market today were Lowe�s Staples, Altice, Burberry, Target, UBS, and Etsy.
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
718.243
23,092,236
US$27,945m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb�rse (Deutsche B�rse - Xetra)
Gold Bullion Securities
138.13
4,441,056
US$5,367m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb�rse (Deutsche B�rse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
152.66
4,908,200
US$5,944m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$434m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
28.37
911,971
US$1,107m
Note: No change in Total Tonnes from yesterday�s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: No change from yesterday�s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,888.76: No change from yesterday�s data.
Banro�s (BAA) board of directors, Rubicon�s (RBY) Industrial Electricity Incentive Stream 3 Program, and B2Gold�s (BTG) credit facility were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.B2Gold
BTG +7.19% $1.79
2.Coeur
CDE +3.56% $5.53
3.Alamos
AGI +3.09% $7.01
LOSERS
1.New Gold
NGD -2.74% $3.19
2.Gold Resource
GORO-2.52% $3.09
3.DRDGOLD
DRD -2.19% $1.79
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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Gold Seeker Closing Report: Gold Gains With Oil
