-- Published: Wednesday, 6 January 2016 | Print | Disqus
Gold climbed higher throughout most of world trade and ended near its midafternoon high of $1094.89 with a gain of 1.39%. Silver rose to as high as $14.127 and ended with a gain of 0.21%.
Euro gold rose to about €1014, platinum lost $11 to $876, and copper fell slightly to about $2.09.
Gold and silver equities gained roughly 2% at the open and remained near that level for the rest of the day.
Tomorrow brings Initial Jobless Claims expected at 270,000.
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 5% after the Energy Information Administration reported that crude inventories fell 5.1 million barrels, gasoline inventories rose 10.6 million barrels, and distillates rose 6.3 million barrels.
The U.S. dollar index dropped in late trade and treasuries rose while the Dow, Nasdaq, and S&P fell over 1% “as China’s unexpected weakening of its currency once again raised fresh concern about the strength of the global economy.”
Among the big names making news in the market today were Yahoo, Chipotle, SolarCity, GM, and Apple.
Comex gold inventories don't matter as much as central bank inventories do
As of close of business: 1/5/2016
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: 152.55: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,884.62: -4.26 change from yesterday’s data.
HMY +15.65% $1.33
RIC +5.00% $3.57
PVG +4.94% $5.31
FCX -8.05% $6.17
TRQ -5.69% $2.32
NSU -2.59% $2.63
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, 6 January 2016 | E-Mail | Print | Source: GoldSeek.com