-- Published: Friday, 28 August 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1134.40 | +$10.10 | -2.16% |
Silver | $14.59 | +$0.14 | -4.52% |
XAU | 48.82 | +4.25% | -6.42% |
HUI | 116.12 | +4.30% | -8.36% |
GDM | 393.23 | +3.92% | -7.67% |
JSE Gold | 968.74 | +78.93 | -5.30% |
USD | 96.07 | +0.31 | +1.19% |
Euro | 111.89 | -0.55 | -1.57% |
Yen | 82.33 | -0.29 | +0.56% |
Oil | $45.22 | +$2.66 | +11.79% |
10-Year | 2.186% | +0.018 | +6.43% |
Bond | 156.625 | -0.25 | -2.34% |
Dow | 16643.01 | -0.07% | +1.11% |
Nasdaq | 4828.32 | +0.32% | +2.60% |
S&P | 1988.87 | +0.06% | +0.91% |
The Metals:
Gold gained $7.54 to $1132.84 in Asia before it fell back to $1123.96 in London, but it then rose to as high as $1140.51 in New York and ended with a gain of 0.9%. Silver climbed to as high as $14.669 and ended with a gain of 0.97%.
Euro gold rose to about €1014, platinum gained $20 to $1017, and copper climbed slightly to about $2.34.
Gold and silver equities gained over 4% in the first 45 minutes of trade and remained near the level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | July | 0.4% | 0.4% | 0.4% |
Personal Spending | July | 0.3% | 0.4% | 0.3% |
PCE Prices - Core | July | 0.1% | 0.1% | 0.1% |
Michigan Sentiment | Aug | 91.9 | 93.0 | 92.9 |
Moody's cuts 2016 global growth forecasts Reuters
Focus turns to U.S. data as China slowdown looms Reuters
Fed hawks acknowledge market turmoil may delay rate hike Reuters
Where every Fed member stands on raising interest rates MarketWatch
All of this week’s other economic reports:
Next week’s economic highlights include Chicago PMI on Monday, the ISM Index and Construction Spending on Tuesday, ADP Employment, Productivity, Factory Orders, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, the Trade Balance, and ISM Services on Thursday, and August’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 6% more on geopolitical instability in Yemen and worries about weather in the Gulf of Mexico.
The U.S. dollar index saw decent gains and treasuries fell slightly on decent economic data and fed speak.
The Dow, Nasdaq, and S&P traded mostly lower in relatively calm trade after a very volatile week.
Among the big names making news in the market Friday were Baker Hughes, Apple, and Boeing.
GATA Posts:
Is the Fed behind the stock market and commodity crashes?
Avery Goodman: Fed spent $23 billion in three days but still had trouble pushing up stocks
The Statistics:
Activity from: 8/27/2015
Gold Warehouse Stocks: | 7,220,331.902 | -385.802 |
Silver Warehouse Stocks: | 171,161,441.602 | -32,340.65 |
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 | 682.595 | 21,946,103 | US$24,901m |
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$5,022m |
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$5,568m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$407m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.83 | 798,370 | US$906m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.49 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,107.64: No change from yesterday’s data.
The Miners:
WINNERS
1. DRDGOLD | DRD +12.07% $1.30 |
2. Endeavour Silver | EXK +10.53% $1.68 |
3. Alamos Gold | AGI +10.13% $4.13 |
No “losers” today.
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, 28 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% and 5% on the Week
