-- Published: Tuesday, 5 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1355.60 | +$11.90 |
Silver | $19.95 | +$0.25 |
XAU | 103.46 | +0.95% |
HUI | 263.66 | +1.81% |
GDM | 819.93 | +1.43% |
JSE Gold | 2544.01 | -27.05 |
USD | 96.21 | +0.54 |
Euro | 110.71 | -0.67 |
Yen | 98.32 | +0.78 |
Oil | $46.60 | -$2.39 |
10-Year | 1.367% | -0.089 |
T-Bond | 176.03125 | +1.5625 |
Dow | 17840.62 | -0.61% |
Nasdaq | 4822.90 | -0.82% |
S&P | 2088.55 | -0.68% |
The Metals:
Gold gained $11.43 to $1355.13 in Asia on Monday before it fell back to $1341.35 at about 2AM EST today, but it then climbed to as high as $1356.88 in New York and ended with a gain of 0.89% from Friday’s close. Silver soared to as high as $21.096 at the open of trade on Monday before it fell to as low as $19.598 in London today, but it then bounced back to $20.061 in early New York trade and ended with a gain of 1.27% from Friday’s close.
Euro gold rose to about €1225, platinum gained $14 to $1071, and copper fell 4 cents to about $2.19.
Gold and silver equities rose roughly 1% at the open before they fell to see slight losses by midmorning, but they then climbed back towards their opening highs by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Factory Orders | May | -1.0% | -0.9% | 1.8% |
Tomorrow brings the Trade Balance, ISM Services, and FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell nearly 5% and the U.S. dollar index rose with treasuries as the Dow, Nasdaq, and S&P dropped almost 1% on renewed worries about the global economy and the impact of Britain’s vote to exit the European Union.
Among the big names making news in the market today were Time, Delta, Harley-Davidson, Hostess, and Ford.
GATA Posts:
Avery Goodman: It's easy to calculate the fair-market value of gold
David Jensen: Detonation of the LBMA -- it wasn't Brexit, Governor Carney
Just making sure currency markets stayed free and unmanipulated (by anyone else)
The Statistics:
As of close of business: 7/1/2016
Gold Warehouse Stocks: | 9,447,347.424 | +85,199.65 |
Silver Warehouse Stocks: | 151,672,577.212 | +618,647.33 |
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 | 953.914 | 30,669,303 | US$41,412m |
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$5,999m |
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$6,630m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$486m |
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 3.86 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.17: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,374.41: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) IR appointment and Tahoe Resource’s (TAHO) deals with Goldcorp (GG) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRX +53.33 $1.15 |
2. DRDGOLD | DRD +10.37% $7.13 |
3. Great Panther | GPL +8.72% $1.87 |
LOSERS
1. Almaden | AAU -9.64% $1.50 |
2. Freeport | FCX -7.49% $10.50 |
3. Nevsun | NSU -3.64% $2.91 |
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, 5 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1% While Stocks Drop
