-- Published: Monday, 11 July 2016 | Print | Disqus
Gold jumped $7.55 to $1374.75 at the open of trade last night before it fell to as low as $1351.35 in midmorning New York trade and then bounced back higher into midday, but it still ended with a loss of 0.92%. Silver jumped to as high as $20.668 in Asia before it dropped back to $20.155 in early New York trade, but it then chopped back higher into the close and ended with a gain of 0.5%.
Euro gold fell to about €1225, platinum lost $1 to $1097, and copper climbed a few cents to about $2.16.
Gold and silver equities saw over 1% gains at about 11AM EST before they fell to see modest losses in early afternoon trade, but they then edged back higher into the close and ended with slight gains.
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Charts Courtesy of http://finance.yahoo.com/
Oil drifted lower “after a survey revealed that crude production from members of the Organization of the Petroleum Exporting Countries has climbed to a nearly eight-year high.”
The U.S. dollar index rose as the yen fell “following Japanese Prime Minister Shinzo Abe's call for a fresh round of fiscal stimulus after a victory for his ruling coalition in local elections.”
Treasuries saw notable losses as the Dow, Nasdaq, and S&P gained about 0.5% on economic optimism.
Among the big names making news in the market today were Alcoa, Starbucks, and Nintendo.
GATA Chairman Murphy discusses metals' astounding upward reversal Friday
As of close of business: 7/8/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.97 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.09: +0.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,620.38: No change from yesterday’s data.
Endeavour Mining’s (EDV.TO) closed financing, Endeavour Silver’s (EXK) second quarter silver and gold production, Hecla’s (HL) second quarter silver and gold production, and Fortuna’s (FSM) new Vice President of Exploration were among the big stories in the gold and silver mining industry making headlines today.
THM +32.35% $1.35
2. Gold Resource
GORO +10.08% $5.34
3. Endeavour Silver
EXK +6.38% $5.00
1. Tanzanian Royalty
TRX -2.75% $1.06
2. Gold Standard
GSV -2.12% $1.85
ABX -1.25% $22.04
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: Monday, 11 July 2016 | E-Mail | Print | Source: GoldSeek.com