-- Published: Friday, 5 February 2016 | Print | Disqus
Gold gained $4.74 to $1160.44 in London before it dropped down to $1145.24 after the release of this morning’s jobs data, but it then stormed back higher into the close and ended with a gain of 1.55%. Silver surged to as high as $15.043 and ended with a gain of 1.21%.
Euro gold rose above €1052, platinum gained $6 to $909, and copper fell 4 cents to about $2.09.
Gold and silver equities fell nearly 4% in the first 15 minutes of trade, but they then rallied back higher for most of the rest of the day and ended with about 5% gains.
The BLS net birth/death adjustment subtracted 233,000 payrolls from January’s data. Private Payrolls rose 158,000.
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% and the U.S. dollar index rose along with treasuries on mixed jobs data.
The Dow, Nasdaq, and S&P fell on poor earnings reports.
Among the big names making news in the market Friday were Volkswagen, Hess, LinkedIn, and Tyson Foods.
TF Metals Report: Gold magically flows back into GLD
Venezuela's central bank in talks with Deutsche Bank on gold swap
Koos Jansen: Shanghai Gold Exchange appears to report monthly withdrawals
Alasdair Macleod: Shorting the yuan is dangerous
Inflation-wracked Venezuela orders bank notes by the planeload
Ambrose Evans-Pritchard: Dollar tumbles as Fed rescues China in the nick of time
Activity from: 2/4/2016
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 3.57 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.47: +0.91 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,610.97: No change from yesterday’s data.
KGC +13.3% $2.30
AU +11.08% $10.73
3. Silver Standard
SSRI +10.63% $5.41
PPP -14.29% $1.62
2. Tahoe Resources
TAHO -2.33% $8.40
PZG -0.92% $1.08
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: Friday, 5 February 2016 | E-Mail | Print | Source: GoldSeek.com