-- Published: Wednesday, 6 April 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1223.30 | -$6.90 |
Silver | $15.07 | -$0.06 |
XAU | 69.21 | -0.57% |
HUI | 179.49 | -0.64% |
GDM | 555.91 | -0.61% |
JSE Gold | 2062.69 | +57.84 |
USD | 94.47 | -0.14 |
Euro | 113.99 | +0.14 |
Yen | 91.12 | +0.47 |
Oil | $37.75 | +$1.86 |
10-Year | 1.755% | +0.028 |
T-Bond | 165.28125 | -0.9375 |
Dow | 17716.05 | +0.64% |
Nasdaq | 4920.71 | +1.59% |
S&P | 2066.66 | +1.05% |
The Metals:
Gold dropped $12.74 to $1217.46 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.56%. Silver slipped to as low as $14.921 and ended with a loss of 0.4%.
Euro gold fell to about €1073, platinum lost $7.50 to $940.50, and copper climbed slightly to about $2.16.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
Fed's Cautious Approach on April Rate Hike Raises Stakes for June Bloomberg
Fed debated April rate hike but caution reigned due to global fears: minutes Reuters
Tomorrow brings Initial Jobless Claims and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 5% after the Energy Information Administration reported that crude inventories fell 4.9 million barrels, gasoline inventories rose 1.4 million barrels, and distillates fell 3.0 million barrels.
The U.S. dollar index fell as the yen continued to rise on doubts that the Bank of Japan will take intervene to halt recent gains.
Treasuries fell as the Dow, Nasdaq, and S&P rose on relief over oil’s rebound.
Among the big names making news in the market today were Pfizer, Allergan, Honda, and Harley-Davidson.
GATA Posts:
Robert Appel: Here's what the Fed doesn't want you to know about gold prices
Two traders fined over gold spoofing
The Statistics:
As of close of business: 4/5/2016
Gold Warehouse Stocks: | 6,835,208.989 | -9,355.65 |
Silver Warehouse Stocks: | 155,446,645.801 | +582.738.45 |
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 | 815.435 | 26,217,041 | US$32,019m |
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$5,449m |
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$5,997m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
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 0.28 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 186.96: -0.28 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,411.09: +32.56 change from yesterday’s data.
The Miners:
Claude’s (CGR) production results and Mines Management’s (MGN) compliance were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +3.47% $1.49 |
2. Alamos | AGI +3.19% $5.50 |
3. Freeport | FCX +2.89% $9.61 |
LOSERS
1. B2Gold | BTG -3.07% $1.58 |
2. MAG Silver | MVG -2.96% $9.51 |
3. Royal Gold | RGLD-2.54%$50.25 |
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: Wednesday, 6 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly While Stocks Gain Roughly 1%
