-- Published: Monday, 8 June 2015 | Print | Disqus
Gold climbed $6.47 to $1177.37 in early Asian trade before it fell back to $1170.23 at about 11AM EST, but it then bounced back higher in the last five hours of trade and ended with a gain of 0.26%. Silver rose to $16.155 in Asia, but it then drifted back lower in morning New York trade and ended with a loss of 0.5%.
Euro gold fell to about €1040, platinum gained $7 to $1100, and copper remained at about $2.70.
Gold and silver equities fell about 1% by midmorning, but they then rallied back higher in late morning and late afternoon trade and ended with almost 1% gains.
There were no major economic reports today. Tomorrow brings Wholesale Inventories for April expected at 0.2%.
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 2% on worries about poor economic data out of China.
The U.S. dollar fell markedly on reports (later denied) that Obama said the strong dollar was "a problem."
Treasuries found slight gains as the Dow, Nasdaq, and S&P dropped on continued concerns about interest rates.
Among the big names making news in the market today were Deutsche Bank, Citigroup, Iron Mountain, Tesla, and Apple.
NYPost: Justice Department probes banks for rigging Treasuries market
Did Obama tell G-7 strong dollar is a problem?
Activity from: 6/5/2015
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.193 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.01: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,940.95: No change from yesterday’s data.
Banro’s (BAA) Mineral Resource and Mineral Reserve estimates and Agnico Eagle’s (AEM) plan of arrangement with Soltoro were among the big stories in the gold and silver mining industry making headlines today.
DRD +7.45% $1.73
SAND +5.71% $3.33
PPP +5.57% $4.17
ASM -3.39% $1.14
FCX -1.27% $19.40
TRQ -1.14% $4.33
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: Monday, 8 June 2015 | E-Mail | Print | Source: GoldSeek.com