-- Published: Monday, 25 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1314.10 | -$9.40 |
Silver | $19.51 | -$0.13 |
XAU | 99.89 | -3.71% |
HUI | 248.95 | -3.91% |
GDM | 774.74 | -3.31% |
JSE Gold | 2635.91 | -114.38 |
USD | 97.26 | -0.13 |
Euro | 109.93 | +0.18 |
Yen | 94.49 | +0.24 |
Oil | $43.13 | -$1.06 |
10-Year | 1.571% | +0.001 |
T-Bond | 171.5625 | -0.0625 |
Dow | 18493.06 | -0.42% |
Nasdaq | 5097.63 | -0.05% |
S&P | 2168.48 | -0.30% |
The Metals:
Gold fell $10.85 to $1312.65 by midmorning in New York before it climbed back to almost unchanged in early afternoon trade, but it then fell back off again into the close and ended with a loss of 0.71%. Silver slipped to a low as $19.312 and ended with a loss of 0.66%.
Euro gold fell to about €1196, platinum gained $1 to $1080, and copper remained at about $2.24.
Gold and silver equities dropped over 3% by midmorning and remained near that level for the rest of the day.
The Economy:
No summertime blues for U.S. economy MarketWatch
Yellen Still Waiting for Overwhelming Evidence to Warrant Hike Bloomberg
Rock-bottom rates creates fiscal space for G20: OECD Reuters
Tomorrow brings the Case-Shiller 20-city Index, Consumer Confidence, and New Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 2% on concerns over ample supplies and increasing rig counts.
The U.S. dollar index edged lower and treasuries held near unchanged ahead of this week’s central bank meetings.
The Dow, Nasdaq, and S&P fell on poor earnings reports and worries about a weak oil market.
Among the big names making news in the market today were Fiat Chrysler, Verizon and Yahoo, Apple, AMC and Carmike, and Nintendo.
GATA Posts:
Rising prices fail to induce Indians to sell their gold
The Statistics:
As of close of business: 7/22/2016
Gold Warehouse Stocks: | 10,021,094.390 | -6,430.00 |
Silver Warehouse Stocks: | 154,841,611.055 | -526,913.338 |
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 | 963.142 | 30,965,981 | US$40,652m |
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$5,858m |
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$6,473m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 217.54: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,842.07: No change from yesterday’s data.
The Miners:
Eurasian’s (EMXX) governmental approval, Agnico Eagle’s (AEM) additional investment in Belo Sun, Golden Star’s (GSS) offerings and second quarter results, McEwen’s (MUX) second quarter production, and Randgold’s (GOLD) prospects in Cote d'Ivoire were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
LOSERS
1. Gold Standard | GSV -10.19% $1.41 |
2. Gold Fields | GFI -6.97% $5.47 |
3. Harmony | HMY -6.71% $4.03 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Monday, 25 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks, Dollar and Oil
