-- Published: Wednesday, 25 May 2016 | Print | Disqus
Gold fell $10.15 to $1217.85 at about 9:45 AM EST before it bounced back higher into the close, but it still ended with a loss of 0.31%. Silver slipped to $16.20 in London, but it then rose to as high as $16.355 in New York and ended with a gain of 0.43%.
Euro gold fell to about €1098, platinum lost $7 to $991, and copper climbed 4 cents to about $2.11.
Gold and silver equities fell about 3% in the first 15 minutes of trade, but they then climbed back higher for most of the rest of the day and ended with roughly 2% gains.
FHFA Housing Price Index
Tomorrow brings Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales.
Charts Courtesy of http://finance.yahoo.com/
Oil closed almost 2% higher after the Energy Information Administration reported that crude inventories fell 4.2 million barrels, gasoline inventories rose 2 million barrels, and distillates fell 1.3 million barrels.
The U.S. dollar index drifted lower on a lack of news related to interest rates.
Treasuries saw modest losses as the Dow, Nasdaq, and S&P rose almost 1% on optimism over oil’s rally.
Among the big names making news in the market today were Wells Fargo, AB Inbev, and Alibaba.
Paul Brodsky: The monetary system has devalued 47% in 10 years
China wants to set prices for the world's commodities
Venezuela fights crisis with biggest sovereign gold sale since 2007
The gold mine Barrick might regret selling
As of close of business: 5/24/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.862 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.43: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10, 10,442.66: No change from yesterday’s data.
FSM +5.83% $5.81
HL +5.68% $4.09
3. First Majestic
AG +5.05% $11.02
1. New Gold
NGD -3.29% $3.82
2. Gold Fields
GFI -2.70% $3.60
3. Gold Standard
GSV -2.42% $1.61
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, 25 May 2016 | E-Mail | Print | Source: GoldSeek.com