-- Published: Monday, 4 April 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1214.90 | -$8.50 |
Silver | $14.92 | -$0.15 |
XAU | 67.63 | -2.98% |
HUI | 174.57 | -2.97% |
GDM | 545.81 | -2.26% |
JSE Gold | 1969.00 | -9.27 |
USD | 94.56 | -0.02 |
Euro | 113.92 | -0.01 |
Yen | 89.83 | +0.24 |
Oil | $35.70 | -$1.09 |
10-Year | 1.779% | -0.013 |
T-Bond | 164.90625 | +0.53125 |
Dow | 17737.00 | -0.31% |
Nasdaq | 4891.79 | -0.46% |
S&P | 2066.13 | -0.32% |
The Metals:
Gold dropped $8.17 to $1215.23 in London before it rallied back to almost unchanged in early New York trade, but it then chopped back lower into the close and ended with a loss of 0.69%. Silver slipped to as low as $14.919 and ended with a loss of 1%.
Euro gold fell to about €1067, platinum lost $16 to $938, and copper fell a couple of cents to about $2.15.
Gold and silver equities fell over 2% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Factory Orders | Feb | -1.7% | -1.7% | 1.2% |
Tomorrow brings the Trade Balance and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 3% on continued doubts over the ability to come to a deal to freeze output levels.
The U.S. dollar index ended lower in mixed trade and treasuries rose as the Dow, Nasdaq, and S&P drifted lower on expectations for weak earnings reports next week.
Among the big names making news in the market today were Tesla, Cerberus, and Alaska Air.
GATA Posts:
New York Sun: The Gilder
Ronan Manly: Singapore Exchange's gold kilobar contract flops
The Statistics:
As of close of business: 4/1/2016
Gold Warehouse Stocks: | 6,850,937.289 | -100.00 |
Silver Warehouse Stocks: | 154,954,834.608 | +559,933.46 |
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 | 818.093 | 26,302,516 | US$32,070m |
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$5,415m |
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$5,977m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$437m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 33.42 | 1,074,449 | US$1,304m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.189 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 186.33: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,344.35: No change from yesterday’s data.
The Miners:
Newmont’s (NEM) sustainability report, Kirkland’s (KGI.TO) normal course issuer bid, and Tahoe’s (TAHO) completed business combination and guidance were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Paramount | PZG +2.14% $1.43 |
LOSERS
1. Gold Fields | GFI -8.79% $3.63 |
2. Alamos | AGI -7.31% $5.20 |
3. Gold Resource | GORO-5.00% $2.28 |
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: Monday, 4 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Oil
