-- Published: Wednesday, 29 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1317.60 | +$5.20 |
Silver | $18.26 | +$0.48 |
XAU | 95.79 | +2.71% |
HUI | 242.72 | +2.66% |
GDM | 758.95 | +2.16% |
JSE Gold | 2372.17 | +71.57 |
USD | 95.81 | -0.15 |
Euro | 111.06 | +0.42 |
Yen | 97.22 | -0.10 |
Oil | $49.88 | +$2.03 |
10-Year | 1.477% | +0.016 |
T-Bond | 172.1875 | -0.90625 |
Dow | 17694.68 | +1.64% |
Nasdaq | 4779.24 | +1.86% |
S&P | 2070.77 | +1.70% |
The Metals:
Gold climbed $15.19 to $1327.59 by late morning in New York before it chopped back lower at times, but is still ended with a gain of 0.4%. Silver surged to as high as $18.444 and ended with a gain of 2.7%.
Euro gold rose to about €1087, platinum jumped $30 to $1005, and copper climbed a penny to about $2.19.
Gold and silver equities rose about 3% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | May | 0.2% | 0.3% | 0.5% |
Personal Spending | May | 0.4% | 0.3% | 1.1% |
Core PCE Price Index | May | 0.2% | 0.2% | 0.2% |
Pending Home Sales | May | -3.7% | -1.4% | 3.9% |
Forget December. Forget Next Year. The Fed's Done Hiking Until 2018 Bloomberg
Before Brexit storm, mortgage applications fell 2.6% CNBC
Tomorrow brings Initial Jobless Claims and Chicago PMI.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 4% after the Energy Information Administration reported that crude inventories fell 4.1 million barrels, gasoline inventories rose 1.4 million barrels, and distillates fell 1.8 million barrels.
The U.S. dollar index fell with treasuries as the euro and pound rose along with the Dow, Nasdaq, and S&P again on thoughts that Britain’s vote to quit the European Union will encourage central banks to continue to stimulate the global economy.
Treasuries’ Biggest Rally Since 2011 Has Analysts Seeing Losses Bloomberg
Among the big names making news in the market today were Toyota, Diamond Resorts, GE, and Apple.
GATA Posts:
Incrementum's 'In Gold We Trust 2016' report
The Statistics:
As of close of business: 6/28/2016
Gold Warehouse Stocks: | 9,284,412.141 | +224,736.40 |
Silver Warehouse Stocks: | 151,502,841.300 | +242,627.546 |
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 | 947.381 | 30,459,237 | US$40,240m |
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$5,884m |
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$6,503m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 203.41: +1.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,374.41: +23.65 change from yesterday’s data.
The Miners:
Kinross Gold’s (KGC) analyst tour, B2Gold’s (BTG) exploration update, and Avino’s (ASM) extended agreement with Samsung C&T were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Exeter | XRA +25.95% $1.31 |
2. Alexco | AXU +11.51% $1.55 |
3. Almaden | AAU +11.43% $1.56 |
LOSER
1. IAMGOLD | IAG -0.24% $4.19 |
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, 29 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Soars Almost 3%
