-- Published: Wednesday, 27 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1341.40 | +$21.60 |
Silver | $20.38 | +$0.74 |
XAU | 107.59 | +4.46% |
HUI | 269.46 | +4.68% |
GDM | 822.03 | +3.73% |
JSE Gold | 2785.41 | +45.22 |
USD | 96.80 | -0.35 |
Euro | 110.54 | +0.67 |
Yen | 95.03 | -0.51 |
Oil | $41.92 | -$1.00 |
10-Year | 1.515% | -0.048 |
T-Bond | 173.25 | +1.375 |
Dow | 18472.17 | -0.01% |
Nasdaq | 5139.81 | +0.58% |
S&P | 2166.58 | -0.12% |
The Metals:
Gold jumped $8.82 to $1328.62 after this morning’s economic data before it initially dived back towards unchanged following the release of the fed’s policy statement, but it then stormed back higher into the close and ended near its last minute high of $1341.76 and ended with a gain of 1.64%. Silver climbed to as high as $20.402 and ended with a gain of 3.77%.
Euro gold rose to about €1214, platinum gained $44.50 to $1133, and copper fell four cents to about $2.20.
Gold and silver equities rose about 3% in the first forty minutes before they halved their gains by midday, but they then climbed to new highs in afternoon trade and ended about 4% higher in the day.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Orders | June | -4.0% | -1.0% | -2.8% |
Durable Orders ex-trans. | June | -0.5% | 0.2% | -0.4% |
Pending Home Sales | June | 0.2% | 1.1% | -3.7% |
Fed Says Risks Have Diminished as It Leaves Main Rate Unchanged Bloomberg
Fed appears more willing to lifting interest rates in September MarketWatch
Fed keeps rates unchanged, says risks to outlook reduced Reuters
Text of July FOMC statement MarketWatch
Mortgage applications to both buy and refinace weaken, down 11% CNBC
Tomorrow brings Initial Jobless Claims and International Trade in Goods.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after the Energy Information Administration reported that crude inventories rose 1.7 million barrels, gasoline inventories rose 500,000 barrels, and distillates fell 800,000 barrels.
The U.S. dollar index dove lower and treasuries added onto early gains after the fed did not hike interest rates or hint at a hike in the near future.
The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings reports.
Among the big names making news in the market today were Mondelez, Deutsche Bank, Apple, Caterpillar, Boeing, and Comcast.
GATA Posts:
Barrick weighs sale of $1.9 billion Acacia stake, sources tell Reuters
'Impending gold production cliff' may deliver a jolt to prices
The Statistics:
As of close of business: 7/26/2016
Gold Warehouse Stocks: | 10,414,467.437 | +393,598.097 |
Silver Warehouse Stocks: | 155,104,318.117 | -59,033.238 |
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 | 954.235 | 30,679,605 | US$40,761m |
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$5,893m |
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$6,512m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
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 subtracted 4.453 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 217.99: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,842.07: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) possible asset sale, Randgold’s (GOLD) operations in Mali, and Buenaventura’s (BVN) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Vista Gold | VGZ +16.91% $1.59 |
2. Tanzanian Royalty | TRX +14.29% $1.28 |
3. ITH | THM +12.49% $1.04 |
No “losers” today.
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: Wednesday, 27 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 2% and 4% after Fed Statement
