-- Published: Thursday, 30 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1323.70 | +$6.10 |
Silver | $18.78 | +$0.52 |
XAU | 97.63 | +1.92% |
HUI | 246.60 | +1.60% |
GDM | 769.92 | +1.64% |
JSE Gold | 2364.35 | -7.82 |
USD | 95.95 | +0.14 |
Euro | 110.99 | -0.20 |
Yen | 96.85 | -0.28 |
Oil | $48.33 | -$1.55 |
10-Year | 1.488% | +0.011 |
T-Bond | 172.625 | -0.375 |
Dow | 17929.99 | +1.33% |
Nasdaq | 4842.67 | +1.33% |
S&P | 2098.86 | +1.36% |
The Metals:
Gold edged down to $1313.06 in Asia before it bounced up to $1322.91 by late morning in New York and then fell to see a slight loss in the next 90 minutes of trade, but it then rallied back higher into the close and ended with a gain of 0.46%. Silver rose to as high as $18.793 and ended with a gain of 2.85%.
Euro gold rose to about €1193, platinum gained $20 to $1025, and copper climbed a penny to about $2.20.
Gold and silver equities rose roughly 1% at the open before they chopped back lower at times, but they then saw steady gains in the last few hours of trade and ended nearly 2% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 6/25 | 268K | 265K | 258K |
Chicago PMI | June | 56.8 | 50.8 | 49.3 |
Tomorrow brings ISM Index and Construction Spending.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 3% on the easing of supply disruptions in Nigeria and Canada.
The U.S. dollar index rose as the pound and euro fell “after Bank of England Governor Mark Carney said the central bank will likely need to further ease monetary policy this summer to help combat flagging economic growth.”
Treasuries fell as the Dow, Nasdaq, and S&P gained over 1% on more calls for looser monetary policy.
Among the big names making news in the market today were Darden Restaurants, Volkswagen, Hershey, and Wal-Mart.
GATA Posts:
JPMorgan beats traders in silver futures rigging lawsuits
John Crudele: Sure looks like governments rigged stocks after Brexit vote
The Statistics:
As of close of business: 6/29/2016
Gold Warehouse Stocks: | 9,286,567.361 | +2,155.22 |
Silver Warehouse Stocks: | 151,481,337.208 | -21,504.092 |
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 | 950.054 | 30,545,174 | US$40,330m |
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$5,859m |
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$6,475m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$473m |
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 2.673 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 203.71: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,374.41: No change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) groundbreaking ceremony, Randgold’s (GOLD) report on payments made to governments, Comstock’s (LODE) business update, and Newmont’s (NEM) sale of Indonesian assets were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +6.06% $11.20 |
2. Alexco | AXU +5.16% $1.63 |
3. Gold Standard | GSV +5.08% $1.86 |
LOSERS
1. Vista Gold | VGZ -3.52% $1.92 |
2. Kinross | KGC -2.78% $4.89 |
3. Mines Management | MGN -1.85% $1.06 |
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, 30 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Surges Nearly 3% Again
