-- Published: Tuesday, 2 February 2016 | Print | Disqus
Gold saw modest losses in Asia and London before it bounced back to $1130.44 by a little before 10AM EST and then dropped to a new session low of $1122.41 in the next couple of hours of trade, but it then rallied back higher into the close and ended with a gain of 0.04%. Silver rose to as high as $14.39 and ended with a loss of 0.28%.
Euro gold fell to about €1035, platinum lost $16 to $853, and copper remained at about $2.06.
Gold and silver equities fell about 2% by midmorning and remained near that level for the rest of the day.
Fed's George sees more rate hikes coming despite market swings Reuters
Tomorrow brings ADP Employment and ISM Services.
Charts Courtesy of http://finance.yahoo.com/
Oil closed over 5% lower on increased doubts over the ability to come to a deal to cut production.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped about 2% on renewed worries about the oil market.
Among the big names making news in the market today were Pfizer, BP, Exxon, and Delta.
Bron Suchecki: Would you risk going to jail to fix the fix?
New Indian rule backfires, boosts unofficial gold trade
Willem Middelkoop explains the coming 'big reset' to Grant Williams
As of close of business: 2/1/2016
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: Change in Total Tonnes from yesterday’s data: SPDR added 12.196 tonnes.
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.
Freeport’s (FCX) smelter bond and McEwen’s (MUX) regained compliance were among the big stories in the gold and silver mining industry making headlines today.
DRD +5.67% $3.17
HMY +4.28% $1.95
MUX +3.01% $1.37
1. Gold Resource
FCX -8.23% $4.35
3. Endeavour Silver
EXK -6.35% $1.18
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 2016
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: Tuesday, 2 February 2016 | E-Mail | Print | Source: GoldSeek.com