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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 1 July 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1168.50

-$4.00

Silver

$15.59

-$0.13

XAU

61.36

-2.82%

HUI

145.81

-2.62%

GDM

480.10

-2.27%

JSE Gold

996.06

-24.58

USD

96.24

+0.74

Euro

110.54

-0.84

Yen

81.19

-0.46

Oil

$56.96

-$2.51

10-Year

2.418%

+0.083

Bond

148.75

-2.09375

Dow

17757.91

+0.79%

Nasdaq

5013.12

+0.53%

S&P

2077.42

+0.69%

 
 

 

The Metals:

 

Gold drifted lower in quiet trade and ended near its late session low of $1167.60 with a loss of 0.34%.  Silver slipped to as low as $15.55 and ended with a loss of 0.83%.

 

Euro gold rose to about €1057, platinum gained $7 to $1081, and copper climbed slightly to about $2.63.

 

Gold and silver equities fell throughout most of trade and ended with about 2.5% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ADP Employment

June

237K

220K

203K

ISM Index

June

53.5

53.2

52.8

Construction Spending

May

0.8%

0.3%

2.1%

 

Tomorrow brings Initial Jobless Claims, June’s jobs data, and Factory Orders.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil extended lower after the Energy Information Administration reported that crude inventories rose 2.4 million barrels, gasoline inventories fell 1.8 million barrels, and distillates rose 400,000 barrels.

 

The U.S. dollar rose on decent economic data that sent treasuries lower and the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market today were Toyota, ACE and Chubb, and Fiat Chrysler.

 

GATA Posts:

 

 

China targets counterweight in gold trade with yuan fix

How do you change a currency fast?

ECB poised to raise heat on Greece's beleaguered banks

 

The Statistics:

Activity from: 6/30/2015

Gold Warehouse Stocks:

8,043,291.086

-302.217

Silver Warehouse Stocks:

183,996,464.778

+411,387.99

 

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

711.439

22,873,469

US$26,705m

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$5,195m

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$5,743m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$419m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.35

879,382

US$1,034m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.79: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,119.29: +50.51 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Tahoe Resources

TAHO +0.91% $12.24

2.  New Gold

NGD +0.74% $2.71

 

LOSERS

1.  Silver Standard

SSRI -7.96% $5.78

2.  Hecla

HL -7.22% $2.44

3.  Pretivm

PVG -7.20% $5.03

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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© Gold Seeker 2015

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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 -- Published: Wednesday, 1 July 2015 | E-Mail  | Print  | Source: GoldSeek.com

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