-- Published: Thursday, 2 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1210.70 | -$2.50 |
Silver | $15.99 | +$0.02 |
XAU | 80.64 | +0.26% |
HUI | 203.11 | +0.29% |
GDM | 632.82 | +0.14% |
JSE Gold | 1986.09 | +29.78 |
USD | 95.52 | +0.11 |
Euro | 111.51 | -0.38 |
Yen | 91.84 | +0.54 |
Oil | $49.17 | +$0.16 |
10-Year | 1.811% | -0.035 |
T-Bond | 166.15625 | +1.21875 |
Dow | 17838.56 | +0.27% |
Nasdaq | 4971.36 | +0.39% |
S&P | 2105.26 | +0.28% |
The Metals:
Gold edged up to $1217.62 in Asia before it chopped back down to $1209.83 by late morning in New York and then rebounded, but it still ended with a loss of 0.21%. Silver slipped to $15.936 in early New York trade, but it then bounced back higher into the close and ended with a gain of 0.13%.
Euro gold rose to about €1086, platinum lost $13.50 to $955, and copper remained at about $2.07.
Gold and silver equities rose about 1% by early afternoon before they fell back off into the close, but they still ended with small gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | May | 173K | 180K | 166K |
Initial Claims | 5/28 | 267K | 268K | 268K |
Tomorrow brings May’s jobs data, the Trade Balance, Factory Orders, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil reversed early losses and closed slightly higher after bullish inventory data overcame disappointment over OPEC’s inability to come to a deal to set a ceiling for its production.
The U.S. dollar index ended modestly higher as the euro fell after the ECB’s growth and inflation projections left the door open for more stimulus measures at future meetings.
Treasuries rose ahead of tomorrow’s jobs data.
The Dow, Nasdaq, and S&P followed the oil market and turned morning losses into afternoon gains.
Among the big names making news in the market today were Vogue, Wal-Mart, and Petrobras.
GATA Posts:
Alasdair Macleod: Gold -- a reasonable correction?
The Statistics:
As of close of business: 6/1/2016
Gold Warehouse Stocks: | 8,610,049.887 | +86,111.535 |
Silver Warehouse Stocks: | 154,101,489.652 | +1,104,947.148 |
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 | 870.741 | 27,995,209 | US$33,929m |
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$5,381m |
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$5,947m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.36 | 1,136,896 | US$1,417m |
.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.84.
Silver Trust (SLV) Total Tonnes in Trust: 10,442.66.
The Miners:
WINNERS
1. Gold Standard | GSV +5.96% $1.60 |
2. Nevsun | NSU +4.01% $3.37 |
3. Primero | PPP +3.57% $1.74 |
LOSERS
1. Paramount | PZG -6.71% $1.39 |
2. Almaden | AAU -3.74% $1.03 |
3. Gold Resource | GORO-2.91% $3.00 |
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: Thursday, 2 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed Before Jobs Day
