-- Published: Tuesday, 12 April 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.40 | +$0.30 |
Silver | $16.17 | +$0.27 |
XAU | 79.90 | +1.63% |
HUI | 207.11 | +0.50% |
GDM | 635.34 | +1.05% |
JSE Gold | 2220.87 | +25.89 |
USD | 93.99 | -0.01 |
Euro | 113.89 | -0.21 |
Yen | 92.16 | -0.48 |
Oil | $42.17 | +$1.81 |
10-Year | 1.781% | +0.057 |
T-Bond | 165.1875 | -0.90625 |
Dow | 17721.25 | +0.94% |
Nasdaq | 4872.09 | +0.80% |
S&P | 2061.72 | +0.97% |
The Metals:
Gold gained $6.35 to $1262.45 in Asia before it fell back to $1251.17 by midmorning in New York, but it then bounced back higher into the close and ended with a gain of 0.02%. Silver rose to as high as $16.207 and ended with a gain of 1.7%.
Euro gold rose to about €1103, platinum gained $11 to $998, and copper climbed 6 cents to about $2.15.
Gold and silver equities rose about 1% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Mar | 0.0% | - | -0.5% |
Export Prices ex-ag. | Mar | 0.3% | - | -0.5% |
Import Prices | Mar | 0.2% | - | -0.4% |
Import Prices ex-oil | Mar | -0.1% | - | -0.1% |
Treasury Budget | Mar | $108.0B | - | $52.9B |
IMF says 'very real' Brexit risk could deal blow to world economy Reuters
IMF Warns of Global Stagnation as Growth Outlook Cut Again Bloomberg
Tomorrow brings PPI, Retail Sales, Business Inventories, and the Fed's Beige Book.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed over 4% higher on reports that Saudi Arabia and Russia have reached a deal to freeze oil production.
The U.S. dollar index rose in early trade after Japan Finance Minister Taro Aso talked the yen lower, but it then fell back off into the close and ended near unchanged as the pound rose on quickening inflation data.
Treasuries fell as the Dow, Nasdaq, and S&P gained almost 1% on relief over oil’s rise.
Among the big names making news in the market today were Alibaba, Starbucks, and Uber.
GATA Posts:
Former Yellen adviser proposes sweeping reform of Fed system
The Statistics:
As of close of business: 4/11/2016
Gold Warehouse Stocks: | 6,892,738.779 | +78,523.74 |
Silver Warehouse Stocks: | 154,596,542.716 | -671,015.883 |
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 | 817.813 | 26,293,499 | US$32,984m |
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$5,580m |
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$6,167m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$451m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 33.42 | 1,074,449 | US$1,304m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.74: +0.48 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,455.48: No change from yesterday’s data.
The Miners:
Buenaventura’s (BVN) preliminary 1Q16 production results and 2016 operating guidance, Jaguar’s (JAG.V) operating results, and Richmont’s (RIC) operational results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +6.76% $10.43 |
2. Kinross | KGC +5.69% $4.46 |
3. Richmont | RIC +4.77% $6.81 |
LOSERS
1. Seabridge | SA -2.88% $14.82 |
2. Harmony | HMY -2.88% $4.05 |
3. Gold Fields | GFI -2.52% $4.25 |
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: Tuesday, 12 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Rises Almost 2%
