-- Published: Thursday, 3 September 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1125.40 | -$8.20 |
Silver | $14.69 | UNCH |
XAU | 45.62 | -1.32% |
HUI | 109.16 | -1.78% |
GDM | 370.53 | -1.44% |
JSE Gold | 973.77 | +60.46 |
USD | 96.34 | +0.43 |
Euro | 111.30 | -0.95 |
Yen | 83.35 | +0.23 |
Oil | $46.75 | +$0.50 |
10-Year | 2.168% | -0.025 |
Bond | 156.00 | +0.50 |
Dow | 16374.76 | +0.14% |
Nasdaq | 4733.49 | -0.35% |
S&P | 1951.13 | +0.12% |
The Metals:
Gold fell $11.63 to $1121.97 at about 8:45AM EST before it bounced back higher at times, but it still ended with a loss of 0.72%. Silver slipped to as low as $14.577 before it jumped up to $14.953 and then fell back off, but it ended at just unchanged on the day.
Euro gold rose to about €1011, platinum lost $10 to $1002, and copper climbed 5 cents to about $2.38.
Gold and silver equities fell over 1% at the open before they rose to see as much as 3% gains about 45 minutes into trade, but they then drifted back lower into the close and ended near their opening lows.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 8/29 | 282K | 273K | 270K |
Trade Balance | July | -$41.9B | -$42.7B | -$45.2B |
ISM Services | Aug | 59.0 | 58.4 | 60.3 |
No concern yet regarding financial institutions from market turmoil: Jack Lew Reuters
Tomorrow brings August’s jobs data.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on expectations for further stimulus measures by the ECB that sent the euro lower and the U.S. dollar higher along with treasuries.
The Dow, Nasdaq, and S&P erased notable early gains and ended mixed on worries about tomorrow’s jobs data.
Among the big names making news in the market today were B&G, Verizon, Cerberus, and Lloyds.
GATA Posts:
Tightness reported in London gold market
The Statistics:
Activity from: 9/2/2015
Gold Warehouse Stocks: | 7,219,619.271 | +32.15 |
Silver Warehouse Stocks: | 168,241,191.408 | +300,974.643 |
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$24,745m |
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$4,992m |
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$5,518m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$404m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.69 | 890,235 | US$1,004m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.14: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,106.24: -4.37 change from yesterday’s data.
The Miners:
Sibanye Gold’s talks to buy Anglo American Platinum Ltd.’s Rustenburg assets, Kirkland’s (KGI.TO) board and management changes, and Tahoe’s (TAHO) statement about Guatemala and dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO +4.91% $2.35 |
2. Turquoise | TRQ +2.78% $2.96 |
3. B2Gold | BTG +2.44% $1.26 |
LOSERS
1. Coeur | CDE -6.17% $2.89 |
2. Primero | PPP -6.06% $2.48 |
3. Hecla | HL -3.98% $1.93 |
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, 3 September 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed With Stocks Before Jobs Day
