-- Published: Wednesday, 15 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1294.30 | +$9.00 |
Silver | $17.54 | +$0.16 |
XAU | 92.42 | +4.42% |
HUI | 233.98 | +4.08% |
GDM | 725.28 | +3.06% |
JSE Gold | 2155.25 | -36.72 |
USD | 94.66 | -0.27 |
Euro | 112.60 | +0.52 |
Yen | 94.41 | +0.07 |
Oil | $48.01 | -$0.48 |
10-Year | 1.596% | -0.015 |
T-Bond | 170.65625 | +0.28125 |
Dow | 17640.17 | -0.20% |
Nasdaq | 4834.93 | -0.18% |
S&P | 2071.50 | -0.18% |
The Metals:
Gold edged up to $1286.90 in Asia before it fell back to $1278.58 in London, but it then spiked to as high as $1296.77 in afternoon New York trade and ended with a gain of 0.7%. Silver surged to as high as $17.606 and ended with a gain of 0.92%.
Euro gold rose above €1150, platinum gained $2 to $975, and copper climbed 4 cents to about $2.09.
Gold and silver equities gained roughly 4% after today’s dovish fed statement and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | June | 6.0 | -1.6 | -9.0 |
PPI | May | 0.4% | 0.3% | 0.2% |
Core PPI | May | 0.3% | 0.1% | 0.1% |
Industrial Production | May | -0.4% | -0.1% | 0.6% |
Capacity Utilization | May | 74.9% | 75.2% | 75.3% |
Net Long-Term TIC Flows | Apr | $79.6B | - | $78.1B |
Text of June FOMC statement MarketWatch
Fed holds rates steady as more officials move into one-hike camp MarketWatch
Fed Skips June Increase as Six Officials See One Hike in 2016 Bloomberg
Fed leaves interest rates unchanged, signals two hikes this year Reuters
Tomorrow brings CPI, Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and the NAHB Housing Market Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early demand driven losses but still ended about 1% lower after the Energy Information Administration reported that crude inventories fell 900,000 barrels, gasoline inventories fell 2.6 million barrels, and distillates rose 800,000 barrels.
The U.S. dollar index fell and treasuries rose on dovish fed commentary.
The Dow, Nasdaq, and S&P initially held onto modest morning gains after the fed’s statement, but they then fell back off into the close and ended slightly lower on renewed uncertainty about central banking policies.
Among the big names making news in the market today were SpaceX, Costco, and SoftBank.
The Statistics:
As of close of business: 6/14/2016
Gold Warehouse Stocks: | 8,812,135.971 | +8,083.791 |
Silver Warehouse Stocks: | 150,412,700.898 | -643,740.75 |
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 | 898.671 | 28,893,173 | US$37,073m |
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$5,701m |
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$6,305m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.376 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,661.21: +73.92 change from yesterday’s data.
The Miners:
B2Gold’s (BTG) voting results from the election of its Board of Directors, IAMGOLD’s (IAG) exploration update, and Timmins Gold’s (TGD) repaid debt were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. McEwen | MUX +8.49% $3.45 |
2. Buenaventura | BVN +8.13% $11.17 |
3. Pretivm | PVG +7.89% $9.30 |
LOSER
1. Vista Gold | VGZ -1.82% $1.08 |
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, 15 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Jump Higher On Fed Fueled Rally
