-- Published: Thursday, 17 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.90 | -$4.20 |
Silver | $15.90 | +0.28$ |
XAU | 70.92 | -0.64% |
HUI | 180.66 | -1.35% |
GDM | 572.54 | -0.84% |
JSE Gold | 2198.76 | +103.84 |
USD | 94.77 | -0.88 |
Euro | 113.18 | +0.97 |
Yen | 89.73 | +1.04 |
Oil | $40.20 | +$1.74 |
10-Year | 1.903% | -0.035 |
T-Bond | 164.0625 | +1.21875 |
Dow | 17481.49 | +0.90% |
Nasdaq | 4774.98 | +0.23% |
S&P | 2040.59 | +0.66% |
The Metals:
Gold saw slight losses in Asia before it rose to as high as $1270.88 in London, but it then drifted back lower in New York and ended with a loss of 0.33%. Silver surged to as high as $16.031 before it also edged back lower in the last few hours of trade, but it still ended with a gain of 1.79%.
Euro gold fell to about €1111, platinum gained $6 to $980, and copper climbed 4 cents to about $2.30.
Gold and silver equities rose over 3% by late morning, but they then fell back off for most of the rest of trade and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/12 | 265K | 266K | 258K |
Philadelphia Fed | Mar | 12.4 | -1.4 | -2.8 |
Current Account Balance | Q4 | -$125.3B | -$116.0B | -$129.9B |
JOLTS - Job Openings | Jan | 5.541M | - | 5.281M |
Leading Indicators | Feb | 0.1% | 0.2% | -0.2% |
Yellen steers Fed with cautious hand, despite hints of inflation Reuters
Tomorrow brings Michigan Sentiment for March expected at 92.2.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 4% as the U.S. dollar index dropped nearly 1% for the second day in a row in further reaction to yesterday’s revised fed forecast.
Treasuries rose along with the Dow, Nasdaq, and S&P on decent economic data and dovish fed policy.
Among the big names making news in the market today were FedEx, Johnson & Johnson, Exelon, FIFA, and VW.
GATA Posts:
Ronan Manly: Venezuela's gold keeps moving to Switzerland
The Statistics:
As of close of business: 3/16/2016
Gold Warehouse Stocks: | 6,794,318.789 | - |
Silver Warehouse Stocks: | 154,529,072.278 | -922,262.25 |
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 | 795.199 | 25,566,437 | US$32,374m |
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$5,621m |
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$6,206m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 32.00 | 1,028,856 | US$1,282m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.973 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.52: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,135.66: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) Executive appointment and Silvercorp’s (SVM.TO) production update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +6.65% $10.90 |
2. Avino | ASM +3.80% $1.09 |
3. Turquoise | TRQ +3.51% $2.95 |
LOSERS
1. Gold Fields | GFI -7.51% $3.94 |
2. Eldorado | EGO -4.78% $3.39 |
3. AngloGold | AU -4.60% $13.26 |
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, 17 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Ends Slightly Lower While Silver Gains Nearly 2%
