-- Published: Thursday, 3 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1262.20 | +$21.30 |
Silver | $15.22 | +$0.27 |
XAU | 66.88 | +4.48% |
HUI | 173.35 | +4.51% |
GDM | 549.05 | +3.45% |
JSE Gold | 2038.11 | +60.37 |
USD | 97.55 | -0.64 |
Euro | 109.64 | +0.93 |
Yen | 88.01 | -0.11 |
Oil | $34.57 | -$0.09 |
10-Year | 1.830% | -0.018 |
T-Bond | 164.84375 | +0.84375 |
Dow | 16943.90 | +0.26% |
Nasdaq | 4707.42 | +0.09% |
S&P | 1993.40 | +0.35% |
The Metals:
Gold held near unchanged in Asia and London, but it then jumped higher at times in New York and ended near its late session high of $1268.04 with a gain of 1.72%. Silver rose to as high as $15.307 and ended with a gain of 1.81%.
Euro gold rose to above €1151, platinum gained $15.50 to $946, and copper climbed 3 cents to about $2.22.
Gold and silver equities rose roughly 4% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Productivity | Q4 | -2.2% | -3.3% | -3.0% |
Unit Labor Costs | Q4 | 3.3% | 4.7% | 4.5% |
Factory Orders | Jan | 1.6% | 2.0% | -2.9% |
Initial Claims | 2/27 | 278K | 270K | 272K |
ISM Services | Feb | 53.4 | 53.1 | 53.5 |
Tomorrow brings February’s jobs data and the Trade Balance for January.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed trade.
The U.S. dollar index fell and treasuries rose on poor economic data and worries about tomorrow’s jobs data.
The Dow, Nasdaq, and S&P reversed higher in late trade on continued relief over a steady oil market.
Among the big names making news in the market today were Kroger, Chesapeake, Costco, Herbalife, Dow, and DuPont.
GATA Posts:
Hong Kong exchange will launch a gold futures contract that's actually gold
India's love affair with gold tested as tax fight spurs jeweler shutdown
The Statistics:
As of close of business: 3/2/2016
Gold Warehouse Stocks: | 6,788,791.443 | +11,659.81 |
Silver Warehouse Stocks: | 152,185,443.324 | -382,423.026 |
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 | 788.574 | 25,353,443 | US$31,688m |
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$5,580m |
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$6,168m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$453m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.15 | 937,191 | US$1,170m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.379 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 190.14: +0.27 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,777.39: +84.97 change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRX) progress report and Avino’s (ASM) fourth quarter and year end results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +13.25% $5.30 |
2. Alamos | AGI +13.25% $5.13 |
3. DRDGOLD | DRD +13.14% $3.96 |
LOSERS
1. Nevsun | NSU -2.84% $3.42 |
2. Turquoise | TRQ -1.16% $2.55 |
3. Paramount | PZG -0.83% $1.20 |
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: Thursday, 3 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 2%
