-- Published: Thursday, 22 October 2015 | Print | Disqus
Gold edged up to $1169.35 in London before it fell back to $1163.05 at about 9:30 AM EST and then shot up to $1171.84 in the next hour of trade, but it then drifted back lower into the close and ended with a loss of 0.09%. Silver rose to as high as $15.919 before it also fell back off, but it still ended with a gain of 0.83%.
Euro gold rose to about €1050, platinum gained $7 to $1008, and copper climbed a couple of cents to about $2.38.
Gold and silver equities rose about 2% in the first hour of trade and remained near that level for the rest of the day.
FHFA Housing Price Index
Existing Home Sales
There are no major economic reports due out tomorrow.
Charts Courtesy of http://finance.yahoo.com/
Oil ended with a slight gain as the market rebounded from yesterday’s inventory driven loss.
The U.S. dollar index shot higher as the euro dropped about 2% “after European Central Bank President Mario Draghi gave a crowd-pleasing performance at his policy address in Malta, leaving investors in little doubt he’s ready to deploy more monetary stimulus to boost the flagging economy.”
Treasuries held near unchanged while the Dow, Nasdaq, and S&P rose over 1.5% on expectations for more quantitative easing from the ECB.
Among the big names making news in the market today were GM, Caterpillar, Credit Suisse, AmEx, Valeant, and CIT.
Government-owned Chinese bank joins London gold price auction
Future of London gold market is up for grabs
As of close of business: 10/21/2015
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.83: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: No change from yesterday’s data.
Comstock’s (LODE) third quarter results and Freeport’s (FCX) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
SA +8.33% $7.93
KGC +7.14% $2.25
IAG +5.21% $2.02
BTG -5.56% $1.19
AGI -3.19% $4.25
DRD -1.20% $1.64
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, 22 October 2015 | E-Mail | Print | Source: GoldSeek.com