-- Published: Tuesday, 29 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1241.30 | +$21.30 |
Silver | $15.33 | +$0.14 |
XAU | 70.75 | +5.27% |
HUI | 181.51 | +6.21% |
GDM | 656.18 | +4.61% |
JSE Gold | 2030.01 | +13.93 |
USD | 95.15 | -0.81 |
Euro | 112.94 | +0.98 |
Yen | 88.73 | +0.60 |
Oil | $38.28 | -$1.11 |
10-Year | 1.814% | -0.056 |
T-Bond | 164.5625 | +1.03125 |
Dow | 17633.11 | +0.56% |
Nasdaq | 4846.62 | +1.67% |
S&P | 2055.01 | +0.88% |
The Metals:
Gold saw slight losses in Asia before it climbed up to $1228.69 by midmorning in New York and then chopped back lower at times, but it then jumped to new session highs after fed chair Yellen began her speech and the yellow metal ended with a gain of 1.75%. Silver rose to as high as $15.351 and ended with a gain of 0.92%.
Euro gold rose to about €1099, platinum gained $21 to $964, and copper fell a few cents to about $2.22.
Gold and silver equities climbed higher throughout most of the afternoon and ended with about 5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Jan | 5.7% | 5.7% | 5.7% |
Consumer Confidence | Mar | 96.2 | 94.5 | 94.0 |
Yellen Says Caution in Raising Rates Is ‘Especially Warranted’ Bloomberg
Yellen says Fed should proceed 'cautiously' given global risks Reuters
Tomorrow brings ADP Employment for March.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% on expectations for rising supplies in tomorrow’s inventory report.
The U.S. dollar index turned markedly lower and treasuries jumped higher along with the Dow, Nasdaq, and S&P after Yellen’s call for caution when it comes to raising interest rates.
Among the big names making news in the market today were Sinopec, Whistler, NBC, and Apple.
GATA Posts:
India's finance minister can't persuade his own wife to paperize her gold jewellery
Craig Hemke interviews GATA Chairman Murphy for Sprott Money News
The Statistics:
As of close of business: 3/28/2016
Gold Warehouse Stocks: | 6,840,001.787 | +14,146.00 |
Silver Warehouse Stocks: | 155,561,056.798 | -63,207.06 |
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 | 823.742 | 26,484,117 | US$32,459m |
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$5,448m |
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$6,019m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 32.71 | 1,051,615 | US$1,284m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 193.02: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,257.03: +26.64 change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) semi-annual dividend, Newmont’s (NEM) Tender Offer, Vista Gold’s (VGZ) tax refund, and Gold Fields’ (GFI) appeal in Australia and development agreement with the Government of Ghana were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Buenaventura | BVN +12.96% $7.06 |
2. Kinross | KGC +11.26% $3.36 |
3. New Gold | NGD +9.43% $3.83 |
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
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-- Published: Tuesday, 29 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 2% and 1% on Yellen’s Caution
