-- Published: Friday, 1 April 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1223.40 | -$7.80 | +0.51% |
Silver | $15.07 | -$0.35 | -0.66% |
XAU | 69.71 | +0.30% | +3.30% |
HUI | 179.91 | +0.94% | +4.96% |
GDM | 559.01 | +0.50% | +3.43% |
JSE Gold | 1978.27 | -52.16 | -1.88% |
USD | 94.58 | -0.02 | -1.61% |
Euro | 113.98 | +0.17 | +1.95% |
Yen | 89.57 | +0.74 | +1.05% |
Oil | $36.79 | -$1.55 | -6.77% |
10-Year | 1.792% | +0.006 | -5.68% |
Bond | 164.65625 | +0.21875 | +1.11% |
Dow | 17792.75 | +0.61% | +1.58% |
Nasdaq | 4914.54 | +0.92% | +2.95% |
S&P | 2072.78 | +0.63% | +1.81% |
The Metals:
Gold saw slight gains in Asia before it fell to see a $22.04 loss at $1209.16 by midmorning in New York, but it then rallied back higher into the close and ended with a loss of 0.63%. Silver slipped to as low as $14.833 and ended with a loss of 2.27%.
Euro gold fell to about €1074, platinum lost $16.50 to $954, and copper fell a couple of cents to about $2.17.
Gold and silver equities fell as much as 4% at the open, but they then rallied back higher for most of the rest of trade and ended with modest gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Mar | 215K | 200K | 245K |
Unemployment Rate | Mar | 5.0% | 4.9% | 4.9% |
Hourly Earnings | Mar | 0.3% | 0.3% | -0.1% |
Average Workweek | Mar | 34.4 | 34.5 | 34.4 |
Construction Spending | Feb | -0.5% | 0.2% | 2.1% |
ISM Index | Mar | 51.8 | 50.6 | 49.5 |
Michigan Sentiment | Mar | 91.0 | 90.5 | 90.0 |
The BLS net birth/death adjustment added 34,000 payrolls to March’s data. Private Payrolls rose 195,000.
All of this week’s other economic reports:
Next week’s economic highlights include Factory Orders on Monday, the Trade Balance and ISM Services on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims and Consumer Credit on Thursday, and Wholesale Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 4% after Saudi Arabia’s comments about Iran cast doubt that a deal can be reached to freeze output.
The U.S. dollar index initially jumped higher after the release of this morning’s jobs report, but it then fell back off into the close and ended slightly lower on that view that it won’t ultimately influence the fed towards raising interest rates.
Treasuries traded mixed as the Dow, Nasdaq, and S&P rose to see almost 1% gains by the close on decent economic data along with easy monetary policy.
Among the big names making news in the market Friday were GM, Fiat, Chrysler, Tesla, and Vale.
GATA Posts:
Gold Newsletter's Lundin chides market manipulation by big commercial shorts
The Statistics:
Activity from: 3/31/2016
Gold Warehouse Stocks: | 6,851,037.289 | -132.278 |
Silver Warehouse Stocks: | 154,394,901.148 | -604,062.52 |
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 | 819.282 | 26,340,747 | US$31,956m |
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$5,390m |
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$5,956m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
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: 186.33: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,344.35: +68.08 change from yesterday’s data.
The Miners:
WINNERS
1. Alamos Gold | AGI +6.05% $5.61 |
2. Gold Standard | GSV +5.76% $1.10 |
3. Seabridge | SA +5.75% $11.59 |
LOSERS
1. Freeport | FCX -4.45% $9.89 |
2. Paramount | PZG -2.78% $1.40 |
3. Silver Wheaton | SLW-1.03% $16.41 |
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: Friday, 1 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Gains With Miners While Slips Silver on the Week
