-- Published: Friday, 3 June 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1243.90 | +$33.20 | +2.78% |
Silver | $16.39 | +$0.40 | +1.17% |
XAU | 89.06 | +10.44% | +12.17% |
HUI | 226.61 | +11.57% | +13.95% |
GDM | 694.55 | +9.75% | +11.90% |
JSE Gold | 2124.93 | +138.84 | +8.42% |
USD | 93.98 | -1.54 | -1.06% |
Euro | 113.55 | +2.02 | +2.17% |
Yen | 93.78 | +1.92 | +3.51% |
Oil | $48.62 | -$0.55 | -1.44% |
10-Year | 1.704% | -0.107 | -7.94% |
Bond | 168.09375 | +2.03125 | +2.50% |
Dow | 17807.06 | -0.18% | -0.37% |
Nasdaq | 4942.51 | -0.58% | +0.18% |
S&P | 2099.13 | -0.29% | +0.00% |
The Metals:
Gold jumped about $30 higher after the release of this morning’s jobs data and remained near that level for the rest of the day. Silver surged to as high as $16.441 and ended with a gain of 2.5%.
Euro gold rose to about €1095, platinum gained $25 to $980, and copper climbed 5 cents to about $2.12.
Gold and silver equities gained nearly 10% in the first 40 minutes of trade before they pared back a bit into midday, but they then rallied back higher again in afternoon trade and ended roughly 11% higher the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | May | 38K | 155K | 123K |
Unemployment Rate | May | 4.7% | 4.9% | 5.0% |
Hourly Earnings | May | 0.2% | 0.2% | 0.4% |
Average Workweek | May | 34.4 | 34.5 | 34.4 |
Trade Balance | Apr | -$37.4B | -$41.6B | -$35.5B |
Factory Orders | Apr | 1.9% | 1.6% | 1.7% |
ISM Services | May | 52.9 | 55.4 | 55.7 |
The BLS net birth/death adjustment added 224,000 payrolls to May’s data. Private Payrolls rose 25,000.
All of this week’s other economic reports:
Next week’s economic highlights include Productivity and Consumer Credit on Tuesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Michigan Sentiment and the Treasury Budget on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1%, the U.S. dollar index tumbled lower, and treasuries soared higher after this morning’s dismal jobs report sent the Dow, Nasdaq, and S&P nearly 1% lower at the open, but stocks then climbed back higher into the close and ended with only modest losses.
Among the big names making news in the market Friday were Citigroup, Epson, and BMW.
GATA Posts:
Negative-yield debt breaks $10 trillion level for first time
The Statistics:
Activity from: 6/2/2016
Gold Warehouse Stocks: | 8,658,317.910 | +48,268.023 |
Silver Warehouse Stocks: | 154,041,487.292 | -60,002.36 |
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 | 875.198 | 28,138,477 | US$34,893m |
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$5,507m |
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$6,083m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.36 | 1,136,896 | US$1,417m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.457 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.80: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,491.18: +48.52 change from yesterday’s data.
The Miners:
Nevsun’s (NSU) dividend and Primero’s (PPP) investment dispute were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. IAMGOLD | IAG +15.69% $3.76 |
2. Fortuna | FSM +15.19% $6.22 |
3. Alamos | AGI +14.99% $7.21 |
No “losers” today.
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: Friday, 3 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Soar Higher After Jobs Report
