-- Published: Friday, 29 July 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1351.30 | +$14.30 | +2.10% |
Silver | $20.34 | +$0.12 | +3.56% |
XAU | 110.28 | +2.35% | +6.30% |
HUI | 274.32 | +2.12% | +5.89% |
GDM | 846.79 | +2.43% | +5.64% |
JSE Gold | 2785.11 | -37.49 | +1.27% |
USD | 95.55 | -1.14 | -1.89% |
Euro | 111.81 | +1.03 | +1.88% |
Yen | 97.99 | +2.99 | +4.00% |
Oil | $41.60 | +$0.46 | -5.86% |
10-Year | 1.458% | -0.053 | -7.13% |
Bond | 174.53125 | +1.1875 | +1.64% |
Dow | 18432.24 | -0.13% | -0.75% |
Nasdaq | 5162.13 | +0.14% | +1.22% |
S&P | 2173.60 | +0.16% | -0.07% |
The Metals:
Gold fell $5.78 to $1331.22 in late Asian trade, but it then climbed back higher for most of the rest of the day and ended near its late session high of $1354.96 with a gain of 1.07%. Silver rose to as high as $20.397 and ended with a gain of 0.59%.
Euro gold rose to about €1209, platinum gained $10.50 to $1141.50, and copper climbed a penny to about $2.23.
Gold and silver equities rose over 2% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q2 | 1.2% | 2.6% | 0.8% |
Chain Deflator | Q2 | 2.2% | 1.9% | 0.5% |
Employment Cost Index | Q2 | 0.6% | 0.6% | 0.6% |
Chicago PMI | July | 55.8 | 54.0 | 56.8 |
Michigan Sentiment | July | 90.0 | 90.4 | 93.5 |
All of this week’s other economic reports:
Next week’s economic highlights include Construction Spending and the ISM Index on Monday, Personal Income and Spending on Tuesday, ADP Employment and ISM Services on Wednesday, Initial Jobless Claims and Factory Orders on Thursday, and July’s jobs data, the Trade Balance, and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher as the U.S. dollar index fell markedly and treasuries rose on more poor economic data that held the Dow, Nasdaq, and S&P near unchanged despite mostly better than expected earnings reports.
Among the big names making news in the market Friday were Alphabet, Amazon, Exxon, Chevron, and Xerox.
GATA Posts:
Gold bargains gone as Sibanye sees few chances for a deal
IMF admits disastrous love affair with euro, apologizes for immolating Greece
Barrick puts Super Pit stake on the market
Joe Weisenthal: How Donald Trump changed my mind about gold
The Statistics:
Activity from: 7/28/2016
Gold Warehouse Stocks: | 10,718,772.139 | +144,395.639 |
Silver Warehouse Stocks: | 154,089,510.005 | -956,196.022 |
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$41,159m |
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$5,989m |
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$6,623m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$485m |
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: 218.59: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,877.53: +35.46 change from yesterday’s data.
The Miners:
WINNERS
1. ITH | THM +10.62% $1.25 |
2. Nevsun | NSU +8.50% $3.32 |
3. New Gold | NGD +7.88% $5.20 |
LOSERS
1. Eldorado | EGO -4.88% $4.09 |
2. Yamana | AUY -2.73% $5.71 |
3. Vista Gold | VGZ -1.83% $1.61 |
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: Friday, 29 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week
