-- Published: Tuesday, 10 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1266.40 | +$3.30 |
Silver | $17.10 | +$0.13 |
XAU | 85.58 | +3.77% |
HUI | 219.06 | +4.03% |
GDM | 675.54 | +2.70% |
JSE Gold | 2024.76 | -79.88 |
USD | 94.28 | +0.13 |
Euro | 113.69 | -0.12 |
Yen | 91.48 | -0.80 |
Oil | $44.66 | +$1.22 |
10-Year | 1.760% | UNCH |
T-Bond | 165.625 | +0.15625 |
Dow | 17928.35 | +1.26% |
Nasdaq | 4809.88 | +1.26% |
S&P | 2084.39 | +1.25% |
The Metals:
Gold edged up to $1267.88 in Asia before it dropped back to $1256.98 by midmorning in New York, but it then rallied back higher into the close and ended near its late session high of $1269.45 with a gain of 0.26%. Silver rose to as high as $17.119 in Asia before it also fell back off, but it then climbed to a new session high of $17.151 and ended with a gain of 0.77%.
Euro gold rose to about €1114, platinum gained $9 to $1049, and copper remained at about $2.10.
Gold and silver equities rose throughout most of the afternoon and ended roughly 3% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Mar | 0.1% | 0.2% | -0.6% |
Job Openings in the U.S. Climb to Second-Highest in Records Bloomberg
Tomorrow brings the Treasury Budget for April.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained almost 3% “after the U.S. Energy Information Administration raised its 2017 forecast for WTI oil prices by nearly 25% to $50.65 a barrel.”
The U.S. dollar index found slight gains as the yen fell again “after Japan’s finance minister said warnings from U.S. Treasury officials wouldn’t stop Japan from trying to weaken its currency.”
Treasuries edged higher after today’s $24 billion three-year note auction at a high yield of 0.875% with a bid-to-cover of 2.93.
The Dow, Nasdaq, and S&P gained over 1% on better than expected earnings results and relief over oil’s rebound.
Among the big names making news in the market today were Google, Nokia, and Allergan.
GATA Posts:
China eases gold trade rules in 6 cities
Australia notices Deutsche Bank's agreement to settle gold, silver rigging claims
The Statistics:
As of close of business: 5/9/2016
Gold Warehouse Stocks: | 7,414,819.420 | +7,662.216 |
Silver Warehouse Stocks: | 152,856,480.617 | +395,192.839 |
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 | 836.869 | 26,906,167 | US$33,973m |
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$5,596m |
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$6,184m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$452m |
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 2.675 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.18: +0.75 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,454.50: No change from yesterday’s data.
The Miners:
WINNERS
1. Eldorado | EGO +8.57% $4.56 |
2. DRDGOLD | DRD +8.50% $5.36 |
3. Avino | ASM +6.25% $1.36 |
LOSERS
1. Paramount | PZG -2.55% $1.53 |
2. Turquoise | TRQ -0.38% $2.62 |
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, 10 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Reverse Morning Losses to End Higher
