-- Published: Wednesday, 28 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1156.80 | -$9.60 |
Silver | $15.99 | +$0.11 |
XAU | 54.09 | -0.88% |
HUI | 130.31 | -1.27% |
GDM | 439.55 | -0.83% |
JSE Gold | 1116.99 | +14.55 |
USD | 97.65 | +0.73 |
Euro | 109.20 | -1.23 |
Yen | 82.55 | -0.47 |
Oil | $45.94 | +$2.74 |
10-Year | 2.092% | +0.064 |
T-Bond | 157.875 | -0.65625 |
Dow | 17779.52 | +1.13% |
Nasdaq | 5095.69 | +1.30% |
S&P | 2090.35 | +1.18% |
The Metals:
Gold climbed $16.57 to $1182.97 by a little after 10AM EST before it fell to as low as $1152.30 after the release of today’s fed statement, but it then edged back higher in the last 75 minutes of trade and ended with a loss of just 0.82%. Silver climbed up to $16.356 before it dropped back to $15.72, but it then rallied back higher in late trade and ended with a gain of 0.69%.
Euro gold rose to about €1059, platinum gained $14 to $998, and copper remained at about $2.37.
Gold and silver equities ended with about 1% losses in mixed trade.
The Economy:
Fed circles December for possible rate hike MarketWatch
Fed keeps rates unchanged, sets up possible December hike Reuters
Federal Open Market Committee Oct. 28 Statement: Text Bloomberg
Mortgage applications down 3.5% on fewer rate swings CNBC
U.S. third-quarter GDP forecasts raised after trade data Reuters
Tomorrow brings Initial Jobless Claims, GDP, and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 6% “as increasing U.S. refinery activity signaled the end of seasonal maintenance and higher crude demand.”
The U.S. dollar index jumped higher and treasuries fell after today’s fed statement raised market expectations for a possible interest rate by the fed in December.
The Dow, Nasdaq, and S&P initially erased their early gains in reaction to today’s fed statement, but they then rallied back higher into the close and ended over 1% higher on strength in the banking and energy sectors.
Among the big names making news in the market today were VW, AIG, Starwood Hotels, Cnooc, Occidental, IBM, Hershey, Walgreens, and Twitter.
GATA Posts:
China's gold imports from Hong Kong jump to 10-month high
The Statistics:
As of close of business: 10/27/2015
Gold Warehouse Stocks: | 6,703,769.314 | - |
Silver Warehouse Stocks: | 162,424,898.258 | +423,147.49 |
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 | 695.535 | 22,362,151 | US$26,370m |
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$5,234m |
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$5,788m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$415m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.80 | 893,937 | US$999m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.99: -0.84 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: No change from yesterday’s data.
The Miners:
Newmont’s (NEM) new board members, Barrick’s (ABX) final results and settlement of its cash tender offer, Lake Shore’s (LSG) drill results, Richmont’s (RIC) Preliminary Economic Assessment, and Endeavour Silver’s (EXK) revised release date and emergency relief efforts were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +2.94% $1.05 |
2. Newmont | NEM +2.02% $19.15 |
3. Barrick | ABX +1.85% $7.69 |
LOSERS
1. Gold Fields | GFI -5.65% $2.67 |
2. Kinross | KGC -4.82% $2.17 |
3. Paramount | PZG -4.27% $1.12 |
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, 28 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed After Fed Statement
