-- Published: Tuesday, 3 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1287.10 | -$2.90 |
Silver | $17.43 | -$0.08 |
XAU | 87.22 | -3.86% |
HUI | 221.79 | -2.99% |
GDM | 686.47 | -2.61% |
JSE Gold | 2128.32 | -12.07 |
USD | 92.95 | +0.33 |
Euro | 115.09 | -0.23 |
Yen | 93.95 | -0.01 |
Oil | $43.65 | -$1.13 |
10-Year | 1.800% | -0.065 |
T-Bond | 163.78125 | +1.59375 |
Dow | 17750.91 | -0.78% |
Nasdaq | 4763.22 | -1.13% |
S&P | 2063.37 | -0.87% |
The Metals:
Gold gained $11.66 to $1301.66 at about 4AM EST before it dropped back down to $1283.54 by late morning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.22%. Silver slipped to as low as $17.343 and ended with a loss of 0.46%.
Euro gold fell to about €1119, platinum lost $16 to $1061, and copper fell 5 cents to about $2.21.
Gold and silver equities fell about 3% by midmorning and remained near that level for the rest of the day.
The Economy:
Global factory growth nearly stalled in April: PMI Reuters
Tomorrow brings ADP Employment, Productivity, the Trade Balance, Factory Orders, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil lost 2.5% ahead of tomorrow’s expected increase in inventories.
The U.S. dollar index reversed overnight gains and ended higher after Federal Reserve Bank of Atlanta President Dennis Lockhart called a June interest-rate increase “a real option”.
Treasuries rose as the Dow, Nasdaq, and S&P fell as much as 1% on renewed worries about global growth.
Among the big names making news in the market today were Cummins, Pfizer, Halliburton, Sprint, and New York Times.
GATA Posts:
Robert Appel: The brink of economic collapse -- How did this happen?
The Statistics:
As of close of business: 5/2/2016
Gold Warehouse Stocks: | 7,331,771.725 | +81,501.843 |
Silver Warehouse Stocks: | 152,067,220.436 | +348,540.733 |
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 | 824.943 | 26,522,735 | US$34,309m |
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$5,718m |
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$6,320m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$462m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.72 | 1,116,345 | US$1,401m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 20.803 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.31: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,538.31: +56.21 change from yesterday’s data
The Miners:
WINNER
1. Fortuna | FSM +0.16% $6.19 |
LOSERS
1. Freeport | FCX-11.37%$12.01 |
2. DRDGOLD | DRD -7.33% $5.06 |
3. Nevsun | NSU -6.15% $3.36 |
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, 3 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower As Dollar Bounces on Fedspeak
