-- Published: Wednesday, 2 December 2015 | Print | Disqus
Gold fell to as low as $1050.88 by early afternoon in New York before it bounced back higher at times, but it still ended with a loss of 1.52%. Silver slipped to as low as $13.929 and ended with a loss of 0.99%.
Euro gold fell to about €992, platinum lost $9 to $828, and copper fell 4 cents to about $2.04.
Gold and silver equities fell about 2% by midday and remained near that level for the rest of the day.
Unit Labor Costs
Economy Expanding Modestly Across Most of U.S., Beige Book Says Bloomberg
Yellen Signals Confidence in Economy Ahead of Fed Meeting Bloomberg
Tomorrow brings Initial Jobless Claims, Factory Orders, and ISM Services.
Charts Courtesy of http://finance.yahoo.com/
Oil fell nearly 5% after the Energy Information Administration reported that crude inventories rose 1.2 million barrels, gasoline inventories rose 100,000 barrels, and distillates rose 3.1 million barrels.
The U.S. dollar index pared early gains after the fed’s Beige book tempered Yellen’s remarks earlier in the day.
Treasuries traded mixed and the Dow, Nasdaq, and S&P dropped about 1% as energy shares fell with oil closing below $40 a barrel.
Among the big names making news in the market today were Yahoo, On Deck, and Volvo.
At London conference Tocqueville's Hathaway denounces Comex
Indian government official floats idea of national gold exchange
NOW they tell us: Ron Paul, Kitco's Cambone discuss gold market manipulation
New York Times starts pounding away at gold standard's revival
Lew says U.S. to ensure dollar remains top reserve currency
Hugo Salinas Price: The crumbling world order and who will pick up the crumbs?
As of close of business: 12/1/2015
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: 158.00: -0.65 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,933.00: +35.57 change from yesterday’s data.
Newmont’s (NEM) updated outlook, Harmony Gold’s (HMY) repaid debt, and Barrick’s (ABX) offer to buy back some of its outstanding debt were among the big stories in the gold and silver mining industry making headlines today.
TRQ +1.18% $2.57
NG +0.51% $3.94
3. New Gold
NGD +0.42% $2.37
FCX -6.00% $7.83
2. Gold Fields
GFI -5.49% $2.41
DRD -5.30% $1.43
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 December 2015 | E-Mail | Print | Source: GoldSeek.com