-- Published: Wednesday, 16 December 2015 | Print | Disqus
Gold climbed $16.67 to $1077.57 just ahead of today’s fed statement before it dove down to $1062.74 just after the statement and then climbed to a new session high of $1077.87 in the next hour of trade before it drifted back lower again into the close, but it still ended with a gain of 1.17%. Silver rose to as high as $14.311 and ended with a gain of 2.91%.
Euro gold rose to about €983, platinum gained $16.50 to $869.50, and coper climbed a couple of cents to about $2.08.
Gold and silver equities traded roughly 2% higher for most of the morning, but they then climbed to see about 4% gains after the fed statement and remained near that level for the rest of the day.
Fed raises interest rates, cites ongoing U.S. economic recovery Reuters
Fed Ends Zero-Rate Era; Signals 4 Quarter-Point 2016 Increases Bloomberg
Text of Federal Reserve's decision on interest-rate hike MarketWatch
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and Leading Economic Indicators.
Charts Courtesy of http://finance.yahoo.com/
Oil fell nearly 5% after the Energy Information Administration reported that crude inventories rose 4.8 million barrels, gasoline inventories rose 1.7 million barrels, and distillates rose 2.6 million barrels.
The U.S. dollar index ended higher in mixed trade on the fed’s outlook for a “gradual” pace for any future rate increases.
Treasuries ended slightly lower as the Dow, Nasdaq, and S&P rose over 1% after the fed’s “dovish hike.”
Among the big names making news in the market today were Valeant, Canadian Pacific, and Google.
Koos Jansen interviews Willem Middelkoop about dollar imperialism
As of close of business: 12/15/2015
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: 155.87: -0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,062.27: No change from yesterday’s data.
HL +8.85% $2.09
PPP +8.11% $2.40
3. Gold Fields
GFI +8.08% $2.81
1. MAG Silver
MVG -0.15% $6.50
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2015
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Wednesday, 16 December 2015 | E-Mail | Print | Source: GoldSeek.com