-- Published: Friday, 24 July 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1098.70 | +$10.00 | -3.10% |
Silver | $14.69 | +$0.04 | -1.34% |
XAU | 48.51 | +2.58% | -10.50% |
HUI | 114.89 | +3.68% | -10.63% |
GDM | 386.76 | +2.33% | -9.72% |
JSE Gold | 810.07 | -44.00 | -13.46% |
USD | 97.25 | +0.12 | -0.64% |
Euro | 109.74 | -0.13 | +1.21% |
Yen | 80.80 | +0.08 | +0.26% |
Oil | $48.14 | -$0.31 | -5.40% |
10-Year | 2.271% | -0.006 | -3.32% |
Bond | 154.71875 | +0.25 | +1.68% |
Dow | 17568.53 | -0.92% | -2.86% |
Nasdaq | 5088.62 | -1.12% | -2.33% |
S&P | 2079.65 | -1.07% | -2.21% |
The Metals:
Gold drifted down to $1077.89 at about 8AM EST, but it then jumped to as high as $1101.48 in afternoon trade and ended with a gain of 0.92%. Silver rose to as high as $14.737 and ended with a gain of 0.27%.
Euro gold rose to about €1001, platinum gained $8 to $982, and copper remained at about $2.38.
Gold and silver equities fell about 3% in the first hour of trade, but they then rallied back higher in the last couple of hours of the day and ended with about 3% gains.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | June | 482K | 550K | 517K |
All of this week’s other economic reports:
Next week’s economic highlights include Durable Goods Orders on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Pending Home Sales and a FOMC Rate Decision on Wednesday, Initial Jobless Claims and GDP on Thursday, and the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell, the U.S. dollar index rose, and treasuries saw slight gains as the Dow, Nasdaq, and S&P dropped about 1% on mostly poor earnings reports.
Among the big names making news in the market Friday were Vodafone, Biogen, Amazon, AbbVie, and Anthem and Cigna.
GATA Posts:
World Gold Council dismisses gold price plunge
GATA secretary interviewed on growing obviousness of central bank attacks on gold
The Statistics:
Activity from: 7/23/2015
Gold Warehouse Stocks: | 7,920,206.028 | -128.60 |
Silver Warehouse Stocks: | 177,837,331.157 | -151,037.284 |
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 | 680.154 | 21,867,644 | US$23,627m |
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$4,819m |
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$5,331m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$394m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.05 | 869,629 | US$985m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 7.155 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.85: -3.43 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,227.90: No change from yesterday’s data.
The Miners:
WINNERS
1. IAMGOLD | IAG +13.11% $1.38 |
2. NovaGold | NG +10.42% $3.18 |
3. Paramount | PZG +10.34% $1.28 |
LOSERS
1. Freeport | FCX -9.90% $12.29 |
2. Turquoise | TRQ -1.45% $3.40 |
3. Coeur | CDE -0.26% $3.82 |
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: Friday, 24 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 3% and 1% on the Week
