-- Published: Thursday, 4 June 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1177.00 | -$8.30 |
Silver | $16.18 | -$0.37 |
XAU | 68.63 | -0.88% |
HUI | 162.57 | -1.35% |
GDM | 529.59 | -1.65% |
JSE Gold | 1034.47 | -41.70 |
USD | 95.49 | +0.17 |
Euro | 112.43 | -0.28 |
Yen | 80.42 | -0.06 |
Oil | $58.00 | -$1.64 |
10-Year | 2.307% | -0.059 |
Bond | 152.75 | +1.50 |
Dow | 17905.58 | -0.94% |
Nasdaq | 5059.12 | -0.79% |
S&P | 2095.84 | -0.86% |
The Metals:
Gold dropped $12.35 to $1172.95 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.7%. Silver slipped to as low as $16.132 and ended with a loss of 2.24%.
Euro gold rose to about €1047, platinum lost $4 to $1097, and copper fell a couple of cents to about $2.70.
Gold and silver equities fell about 1% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 5/30 | 276K | 280K | 284K |
Productivity | Q1 | -3.1% | -2.9% | -1.9% |
Unit Labor Costs | Q1 | 6.7% | 5.9% | 5.0% |
Fed Urged by IMF to Postpone Rate Liftoff to First Half of 2016 Bloomberg
Tomorrow brings May’s jobs data and Consumer Credit for April.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended almost 3% lower ahead of tomorrow’s OPEC meeting.
The U.S. dollar turned slightly higher by the close on decent economic data.
Treasuries bounced back from the last few days of losses as the Dow, Nasdaq, and S&P dropped almost 1% on worries about Greece.
Among the big names making news in the market today were HSBC, GM, Opko, and Dish.
GATA Posts:
IMF warns that Fed should delay rate hike until 2016
The Statistics:
Activity from: 6/3/2015
Gold Warehouse Stocks: | 7,883,944.258 | -1,064.299 |
Silver Warehouse Stocks: | 179,807,924.763 | -600,269.80 |
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 | 709.891 | 22,823,714 | US$26,828m |
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$5,216m |
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$5,765m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$422m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.37 | 912,210 | US$1,073m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.71: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,896.37: No change from yesterday’s data.
The Miners:
Centerra’s (CG.TO) permits, Pretivm’s (PCG) drill results, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +2.75% $1.12 |
2. NovaGold | NG +2.72% $4.15 |
3. Seabridge | SA +2.61% $6.69 |
LOSERS
1. B2Gold | BTG -5.14% $1.66 |
2. AngloGold | AU -3.91% $8.85 |
3. MAG Silver | MVG -3.54% $7.08 |
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: Thursday, 4 June 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Oil Again
