-- Published: Monday, 1 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1129.20 | +$11.90 |
Silver | $14.35 | +$0.08 |
XAU | 47.36 | +3.05% |
HUI | 124.55 | +3.10% |
GDM | 405.64 | +2.92% |
JSE Gold | 1506.53 | +80.25 |
USD | 99.00 | -0.57 |
Euro | 108.91 | +0.60 |
Yen | 82.61 | +0.05 |
Oil | $31.62 | -$2.00 |
10-Year | 1.966% | +0.035 |
T-Bond | 160.75 | -0.28125 |
Dow | 16449.18 | -0.10% |
Nasdaq | 4620.36 | +0.14% |
S&P | 1939.38 | -0.04% |
The Metals:
Gold chopped higher throughout most of world trade and ended near its late session high of $1129.68 with a gain of 1.07%. Silver rose to as high as $14.414 and ended with a gain of 0.56%.
Euro gold rose above €1036, platinum gained $1 to $869, and copper remained at about $2.06.
Gold and silver equities rose over 3% in the first 40 minutes of trade before they fell back off a bit into midday, but they then bounced back higher in the last few hours of trade and ended near their highs of the session.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Dec | 0.3% | 0.2% | 0.3% |
Personal Spending | Dec | 0.0% | 0.2% | 0.5% |
Core PCE Prices | Dec | 0.0% | 0.1% | 0.2% |
Construction Spending | Dec | 0.1% | 0.5% | -0.6% |
ISM Index | Jan | 48.2 | 48.3 | 48.0 |
Fischer Says Fed's Next Decision Unclear Amid Global Uncertainty Bloomberg
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil closed 6% lower on weak economic data and lost confidence over a deal with OPEC for production cuts.
The U.S. dollar index dropped on dovish fed commentary.
Treasuries fell after US economic data was not as weak as reports out of China and the rest of the world.
The Dow, Nasdaq, and S&P saw significant losses in early trade, but they then climbed back higher for most of the rest of the day and ended near unchanged after Fischer’s dovish comments.
Among the big names making news in the market today were Barclays, Credit Suisse, and Google-parent Alphabet Inc.
GATA Posts:
Bron Suchecki: A mystery gold depositor at the New York Fed
Bron Suchecki: LBMA silver 'price' -- a perfect storm of stupidity
The Statistics:
As of close of business: 1/29/2016
Gold Warehouse Stocks: | 6,430,863.553 | +3,824.85 |
Silver Warehouse Stocks: | 156,239,147.692 | -2,026,488.23 |
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 | 669.229 | 21,516,385 | US$24,230m |
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$4,998m |
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$5,525m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$405m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,510 | US$1,057m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.45: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,626.86: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend and private placement with Gold Standard (GSV) and Taseko’s (TGB) completed credit facility were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. McEwen | MUX +8.57% $1.33 |
2. Yamana | AUY +7.65% $1.83 |
3. DRDGOLD | DRD +7.14% $3.00 |
LOSERS
1. Nevsun | NSU -2.23% $2.63 |
2. NovaGold | NG -1.90% $4.13 |
3. Coeur | CDE -0.90% $2.19 |
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: Monday, 1 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1%
