-- Published: Wednesday, 2 September 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1133.60 | -$6.20 |
Silver | $14.69 | +$0.09 |
XAU | 46.00 | -1.71% |
HUI | 110.49 | -1.88% |
GDM | 374.34 | -1.39% |
JSE Gold | 913.31 | -48.67 |
USD | 95.91 | +0.52 |
Euro | 112.26 | -0.92 |
Yen | 83.15 | -0.70 |
Oil | $46.25 | +$0.84 |
10-Year | 2.193% | +0.021 |
Bond | 155.65625 | -0.46875 |
Dow | 16351.38 | +1.82% |
Nasdaq | 4749.97 | +2.46% |
S&P | 1948.86 | +1.83% |
The Metals:
Gold edged up to $1142.40 in Asia before it fell back to $1132.25 in late morning New York trade and then bounced back higher, but it still ended with a loss of 0.54%. Silver jumped up to $14.828 at about 10AM EST before it dropped back to $14.453 in the next hour of trade, but it then edged back higher into midday and ended with a gain of 0.62%.
Euro gold remained at about €1009, platinum gained $14 to $1012, and copper climbed a few cents to about $2.33.
Gold and silver equities fell about 2% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Aug | 190K | 201K | 177K |
Productivity | Q2 | 3.3% | 2.8% | 1.3% |
Unit Labor Costs | Q2 | -1.4% | -0.9% | 0.5% |
Factory Orders | July | 0.4% | 0.9% | 2.2% |
Tight U.S. labor markets fuel wage gains; China impact looms: Fed Reuters
U.S. mortgage applications rise in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims, the Trade Balance, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ultimately turned higher after the Energy Information Administration reported that crude inventories rose 4.7 million barrels, gasoline inventories fell 300,000 barrels, and distillates rose 100,000 barrels.
The U.S. dollar rose and treasuries fell on decent economic data that sent the Dow, Nasdaq, and S&P about 2% higher.
Among the big names making news in the market today were News Corp, Microsoft, Apple, and Amazon.
GATA Posts:
Lawrence Williams leaves MineWeb for Sharps Pixley and his own Internet site
NYPost's John Crudele: Why the Federal Reserve should be audited
The Statistics:
Activity from: 9/1/2015
Gold Warehouse Stocks: | 7,219,587.121 | -160.75 |
Silver Warehouse Stocks: | 167,940,216.765 | -673,537.58 |
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$24,960m |
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$5,035m |
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$5,562m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$407m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,223,154 | US$1,550m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.17: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,110.61: -26.72 change from yesterday’s data.
The Miners:
WINNERS
1. B2Gold | BTG +2.50% $1.23 |
2. DRDGOLD | DRD +2.43% $1.48 |
3. Freeport | FCX +1.33% $9.90 |
LOSERS
1. Paramount | PZG -6.92% $1.21 |
2. Primero | PPP -5.71% $2.64 |
3. Gold Fields | GFI -5.02% $2.84 |
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: Wednesday, 2 September 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Rebound
