-- Published: Thursday, 2 July 2015 | Print | Disqus
Please Note: US Markets are closed tomorrow in observance of Independence Day.
| Close | Gain/Loss | On Week |
Gold | $1165.60 | -$2.90 | -0.72% |
Silver | $15.65 | +$0.06 | -0.95% |
XAU | 62.64 | +2.09% | -3.14% |
HUI | 148.89 | +2.11% | -2.20% |
GDM | 487.02 | +1.39% | -2.67% |
JSE Gold | 984.53 | -11.53 | -4.44% |
USD | 96.09 | -0.15 | +0.78% |
Euro | 110.81 | +0.27 | -0.82% |
Yen | 81.26 | +0.06 | +0.59% |
Oil | $56.93 | -$0.03 | -4.53% |
10-Year | 2.393% | -0.025 | -3.35% |
Bond | 149.1875 | +0.34375 | +0.99% |
Dow | 17730.11 | -0.16% | -1.21% |
Nasdaq | 5009.21 | -0.08% | -1.40% |
S&P | 2076.78 | -0.03% | -1.18% |
The Metals:
Gold fell $12.36 to $1156.14 just before this morning’s jobs data before it rallied to almost unchanged in the next half hour of trade and then drifted back lower in the next couple of hours, but it then bounced back higher into the close and ended with a loss of just 0.25%. Silver slipped to $15.508 before it jumped back to $15.757 and then also fell back off, but it still ended with a gain of 0.38%.
Euro gold fell to about €1051, platinum lost $1 to $1080, and copper remained at about $2.63.
Gold and silver equities rose roughly 2% in the first 45 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | June | 223K | 230K | 254K |
Unemployment Rate | June | 5.3% | 5.4% | 5.5% |
Hourly Earnings | June | 0.0% | 0.2% | 0.2% |
Average Workweek | June | 34.5 | 34.5 | 34.5 |
Initial Claims | 6/27 | 281K | 273K | 271K |
Factory Orders | May | -1.0% | -0.5% | -0.7% |
The BLS net birth/death adjustment added 109,000 payrolls to June’s data. Private Payrolls rose 223,000.
Traders now betting Fed to wait until 2016 for first rate hike Reuters
Labor Market Runs in Place; More Jobs, Participation Lowest Since 1977 Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include ISM Services on Monday, the Trade Balance and Consumer Credit on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims on Thursday, and Wholesale Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains and ended slightly lower after “data showed that the weekly number of U.S. rigs actively drilling for oil rose for the first time this year.”
The U.S. dollar index fell on worse than expected jobs data that sent treasuries higher.
The Dow, Nasdaq, and S&P erased early gains and ended modestly lower on worries about Greece.
Among the big names making news in the market Friday were BP, Yahoo, and Apple.
GATA Posts:
Brazil's antitrust agency investigates banks for interest rate manipulation
Bron Suchecki: OCC gold derivatives chart wasn't wrong, just confusing
The Statistics:
Activity from: 7/1/2015
Gold Warehouse Stocks: | 8,043,291.086 | - |
Silver Warehouse Stocks: | 183,685,085.048 | -311,379.73 |
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$26,642m |
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$5,167m |
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$5,711m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$417m |
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: No change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) and AuRico’s (AUQ) completed merger and Great Panther’s (GPL) drilling update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Sandstorm | SAND +11.5% $3.20 |
2. Hecla | HL +6.97% $2.61 |
3. Primero | PPP +5.38% $3.92 |
LOSERS
1. Harmony | HMY -2.27% $1.29 |
2. Turquoise | TRQ -0.80% $3.72 |
3. New Gold | NGD -0.74% $2.69 |
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, 2 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% on the Week
