-- Published: Friday, 4 September 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1122.10 | -$3.30 | -1.08% |
Silver | $14.58 | -$0.11 | -0.07% |
XAU | 45.32 | -0.66% | -7.17% |
HUI | 108.66 | -0.45% | -6.42% |
GDM | 369.08 | -0.43% | -6.14% |
JSE Gold | 933.76 | -40.01 | -3.61% |
USD | 96.28 | -0.06 | +0.22% |
Euro | 111.46 | +0.22 | -0.38% |
Yen | 84.00 | +0.75 | +2.03% |
Oil | $46.05 | -$0.70 | +1.84% |
10-Year | 2.128% | -0.040 | -2.65% |
Bond | 157.1875 | +1.21875 | +0.36% |
Dow | 16102.38 | -1.66% | -3.25% |
Nasdaq | 4683.91 | -1.05% | -2.99% |
S&P | 1921.22 | -1.53% | -3.40% |
The Metals:
Gold popped up to $1129.52 after the release of this morning’s jobs report before it fell back to $1117.19 in the next hour of trade, but it then bounced back higher for most of the rest of the day and ended with a loss of just 0.29%. Silver slipped to as low as $14.503 and ended with a loss of 0.75%.
Euro gold fell to about €1007, platinum lost $11 to $991, and copper dropped 6 cents to about $2.32.
Gold and silver equities fell about 2% by midmorning, but they then rallied back higher in the last half hour of trade and ended with only minor losses.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Aug | 173K | 217K | 245K |
Unemployment Rate | Aug | 5.1% | 5.2% | 5.3% |
Hourly Earnings | Aug | 0.3% | 0.2% | 0.2% |
Average Workweek | Aug | 34.6 | 34.6 | 34.5 |
The BLS net birth/death adjustment added 111,000 payrolls to August’s data. Private Payrolls rose 140,000.
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Credit on Tuesday, Initial Jobless Claims, Export and Import Prices, and Wholesale Inventories on Thursday, and PPI, Michigan Sentiment, and the Treasury Budget on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell, the U.S. dollar index traded mixed, and treasuries rose as the Dow, Nasdaq, and S&P fell over 1% on uncertainty about interest rates.
Among the big names making news in the market Friday were GE, Glencore, VW, Ford, and Ferrari.
GATA Posts:
Supervisors should not tell whole truth about bank health, Bundesbank economist warns
The Statistics:
Activity from: 9/3/2015
Gold Warehouse Stocks: | 7,177,921.062 | -41,698.209 |
Silver Warehouse Stocks: | 167,894,737.748 | -346,453.66 |
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$24,531m |
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$4,981m |
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$5,505m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$403m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,106.24: No change from yesterday’s data.
The Miners:
WINNERS
1. New Gold | NGD +4.04% $2.32 |
2. Paramount | PZG +3.47% $1.24 |
3. DRDGOLD | DRD +2.78% $1.48 |
LOSERS
1. Primero | PPP -4.84% $2.36 |
2. Freeport | FCX -4.15% $9.71 |
3. Alamos | AGI -3.24% $4.18 |
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, 4 September 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
