-- Published: Tuesday, 7 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1243.90 | -$1.30 |
Silver | $16.40 | -$0.07 |
XAU | 88.63 | -1.41% |
HUI | 224.26 | -1.28% |
GDM | 699.37 | -0.97% |
JSE Gold | 2147.33 | +44.64 |
USD | 93.89 | -0.10 |
Euro | 113.56 | -0.02 |
Yen | 93.14 | +0.18 |
Oil | $50.36 | +$0.67 |
10-Year | 1.713% | -0.010 |
T-Bond | 167.84375 | +0.3125 |
Dow | 17938.28 | +0.10% |
Nasdaq | 4961.75 | +0.14% |
S&P | 2112.13 | +0.13% |
The Metals:
Gold fell $9.26 to $1235.94 at about 8:30AM EST before it rallied back higher into the close, but it still ended with a loss of 0.1%. Silver slipped to as low as $16.245 and ended with a loss of 0.43%.
Euro gold fell to about €1095, platinum gained $4 to $997, and copper fell 6 cents to about $2.06.
Gold and silver equities fell about 1% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Productivity | Q1 | -0.6% | -0.6% | -1.0% |
Unit Labor Costs | Q1 | 4.5% | 4.0% | 4.1% |
Consumer Credit | Apr | $13.4B | $18.5B | $28.4B |
Tomorrow brings the MBA Mortgage Index and JOLTS - Job Openings.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose ahead of tomorrow’s inventory data.
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P traded mixed on uncertainty over whether or not the fed will raise interest rates anytime soon.
Among the big names making news in the market today were Airbus, Ralph Lauren, and Valeant.
GATA Posts:
China paused monthly gold purchases in May after prices surged
The Statistics:
As of close of business: 6/6/2016
Gold Warehouse Stocks: | 8,666,231.817 | +11,091.75 |
Silver Warehouse Stocks: | 153,164,407.807 | -9,890.02 |
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 | 881.145 | 28,329,699 | US$35,155m |
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$5,516m |
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$6,096m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.36 | 1,136,896 | US$1,417m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,491.18: No change from yesterday’s data.
The Miners:
WINNERS
1. Avino | ASM +6.29% $1.69 |
2. Pretivm | PVG +1.93% $8.45 |
3. Almaden | AAU +1.79% $1.14 |
LOSERS
1. Primero | PPP -7.50% $1.85 |
2. Alexco | AXU -6.30% $1.19 |
3. Gold Standard | GSV -4.39% $1.64 |
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, 7 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
