-- Published: Wednesday, 16 March 2016 | Print | Disqus
Gold edged up to $1235.09 in Asia before it dropped back to $1227.01 in early New York trade, but it then shot higher after today’s fed announcement and ended near its late session high of $1262.87 with a gain of 2.25%. Silver jumped to as high as $15.639 and ended with a gain of 2.23%.
Euro gold rose to about €1123, platinum gained $20 to $974, and copper climbed a couple of cents to about $2.26.
Gold and silver equities saw slight losses for most of the morning, but they then climbed steadily higher in the last two hours of trade and ended with about 6% gains.
Fed holds rates steady as U.S. economy grows despite global risks Reuters
Fed Scales Back Rate-Rise Forecasts as Global Outlook Weakens Bloomberg
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and Leading Economic Indicators.
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 6% as the U.S. dollar index dove lower after the fed cut its forecast for interest rate hikes in 2016 to two from four.
Treasuries traded mixed while the Dow, Nasdaq, and S&P turned decently higher after the fed’s announcement.
Among the big names making news in the market today were Valeant and Apple.
Imagine how much they'd save if they NEVER went back to work
Ronan Manly's encyclopedia of the world's gold markets
Munich Re stashes gold and cash to counter negative rates
Closer look at London Metal Exchange aluminum prices reveals anomalies
U.S. inflation rears its ugly head as global cycle nears danger zone
As of close of business: 3/15/2016
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 2.082 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.52: -0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,135.66: No change from yesterday’s data.
International Tower Hill’s (THM) 2015 results, Kinross Gold’s (KGC) bought deal public offering, Claude’s (CGR) drill results, and Primero’s (PPP) 2015 year-end Mineral Reserves and Mineral Resources were among the big stories in the gold and silver mining industry making headlines today.
PPP +12.5% $2.07
BTG +11.89% $1.60
BVN +11.07% $5.72
No “losers” today.
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: Wednesday, 16 March 2016 | E-Mail | Print | Source: GoldSeek.com