-- Published: Tuesday, 12 July 2016 | Print | Disqus
Gold saw slight gains in Asia, but it then fell back off for most of trade in London and New York and ended near its early afternoon low of $1331.05 with a loss of 1.65%. Silver slipped to as low as $19.977 and ended with a loss of 0.99%.
Euro gold fell to about €1204, platinum lost $10 to $1087, and copper climbed another 6 cents to about $2.22.
Gold and silver equities drifted lower for most of the day and ended with about 3% losses.
Tomorrow brings Import and Export Prices, the Fed's Beige Book, and the Treasury Budget.
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 4% higher after “a report from the Organization of the Petroleum Exporting Countries revealed forecasts for higher oil demand and lower production next year.”
The U.S. dollar index fell as the pound rose on the smooth transition of Home Secretary Theresa May’s take over as the U.K.’s next prime minister.
Treasuries saw notable losses again as the Dow and S&P rose to new record highs on steady earnings and economic reports.
Among the big names making news in the market today were Alcoa, Tesla, Amazon, and Starbucks.
Gold miners expand hedge book by another 50 tonnes in first quarter
As of close of business: 7/11/2016
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.09: No 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) board change, Golden Star’s (GSS) commencement of stoping, Richmont’s (RIC) second quarter results, Gold Standard’s (GSV) test results, Great Panther’s (GPL) completed offering, First Majestic’s (AG) second quarter production, and Fortuna’s (FSM) second quarter production were among the big stories in the gold and silver mining industry making headlines today.
FCX +10.77% $12.90
NSU +2.68% $3.07
DRD -14.17% $7.57
3. Gold Resource
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, 12 July 2016 | E-Mail | Print | Source: GoldSeek.com