-- Published: Wednesday, 10 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1196.50 | +$8.70 |
Silver | $15.28 | +$0.05 |
XAU | 55.40 | +1.95% |
HUI | 148.78 | +2.20% |
GDM | 475.07 | +0.61% |
JSE Gold | 1717.54 | -114.52 |
USD | 95.78 | -0.24 |
Euro | 112.91 | +0.04 |
Yen | 88.18 | +1.32 |
Oil | $27.45 | -$0.49 |
10-Year | 1.705% | -0.024 |
T-Bond | 167.21875 | +1.09375 |
Dow | 15914.74 | -0.62% |
Nasdaq | 4283.59 | +0.35% |
S&P | 1851.86 | -0.02% |
The Metals:
Gold fell $6.37 to $1181.43 in London, but it then rose to as high as $1197.10 in the last minutes of New York trade and ended with a gain of 0.73%. Silver rose to as high as $15.295 and ended with a gain of 0.33%.
Euro gold rose to about €1059, platinum gained $2.50 to $931, and copper fell slightly to about $2.03.
Gold and silver equities fell nearly 5% in the first 45 minutes of trade, but they then rallied back higher into the close and ended with roughly 2% gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Treasury Budget | Jan | $55.2B | - | -$17.5B |
Yellen Signals Rate Path Hinges on Whether Turmoil Persists Bloomberg
Yellen - Fed not likely to reverse course on rates despite risks Reuters
Tomorrow brings Initial Jobless Claims.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on continued worries about a global supply glut.
The U.S. dollar index ended slightly lower in mixed trade and treasuries rose on the fed’s plan for a gradual pace of interest rate hikes.
The Dow, Nasdaq, and S&P traded mostly higher but ended mixed on Yellen’s confident economic outlook.
Among the big names making news in the market today were Tesla, Deutsche Bank, Takata, Natixis, and Time Warner.
GATA Posts:
EU probes suspected rigging of $1.5-trillion debt market
Robert Appel: The gold price secret Wall Street doesn't want to talk about
The Statistics:
As of close of business: 2/9/2016
Gold Warehouse Stocks: | 6,566,356.008 | +4,207.10 |
Silver Warehouse Stocks: | 157,272,491.638 | +667,566.47 |
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 | 702.031 | 22,571,004 | US$26,857m |
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$5,296m |
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$5,857m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$428m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,417 | US$1,116m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.487 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 173.78: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,610.97: No change from yesterday’s data.
The Miners:
WINNERS
1. Seabridge | SA +7.93% $7.76 |
2. IAMGOLD | IAG +7.85% $2.06 |
3. Buenaventura | BVN +7.42% $4.78 |
LOSERS
1. Lake Shore | LSG -6.78% $1.10 |
2. Primero | PPP -4.91% $1.55 |
3. DRDGOLD | DRD -4.45% $3.22 |
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, 10 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Climb Higher In Late Trade to End with Gains
