-- Published: Tuesday, 2 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1364.50 | +$11.20 |
Silver | $20.61 | +$0.18 |
XAU | 112.86 | +1.12% |
HUI | 283.65 | +1.83% |
GDM | 868.58 | +1.24% |
JSE Gold | 2950.02 | +109.77 |
USD | 95.09 | -0.67 |
Euro | 112.24 | +0.63 |
Yen | 99.09 | +1.45 |
Oil | $39.51 | -$0.55 |
10-Year | 1.537% | +0.041 |
T-Bond | 172.1875 | -1.40625 |
Dow | 18313.77 | -0.49% |
Nasdaq | 5137.73 | -0.90% |
S&P | 2157.03 | -0.64% |
The Metals:
Gold gained $13.93 to $1367.23 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 0.83%. Silver rose to as high as $20.775 and ended with a gain of 0.88%.
Euro gold rose to about €1216, platinum gained $10 to $1164, and copper climbed a penny to about $2.21.
Gold and silver equities rose roughly 2% in the first ninety minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | | 0.2% | 0.3% | 0.2% |
Personal Spending | | 0.4% | 0.3% | 0.4% |
Core PCE Prices | June | 0.1% | 0.2% | 0.2% |
Tomorrow brings ADP Employment and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains and ended over 1% lower again ahead of tomorrow’s supply data.
The U.S. dollar index fell as the yen jumped higher again “after Japan’s government announced 4.6 trillion yen ($45 billion) in extra spending for the current fiscal year,” falling short of what most expected.
Treasuries fell along with the Dow, Nasdaq, and S&P on disappointment over Japan’s underwhelming spending package.
Among the big names making news in the market today were Avon, Ford, GM, Honda, Emerson Electric, and Pfizer.
GATA Posts:
U.S. wins latest court ruling on ownership of rare gold coins
Incrementum's Stoeferle explains why 'gold is back'
In Bullion Star interview, GATA secretary explains why gold market rigging is wrong
The Statistics:
As of close of business: 8/1/2016
Gold Warehouse Stocks: | 10,995,142.689 | +64,302.00 |
Silver Warehouse Stocks: | 154,051,208.265 | +958,746.22 |
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 | 964.032 | 30,994,602 | US$42,254m |
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$6,062m |
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$6,707m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$490m |
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 added 5.937 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.70: +0.51 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,915.95: +38.42 change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) board change, Seabridge Gold’s (SA) Best Available Tailing Technology (BAT) review, Silver Wheaton’s (SLW) increased gold stream, and Excellon’s (EXN.TO) second quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +8.67% $2.13 |
2. Kinross | KGC +6.56% $5.52 |
3. New Gold | NGD +5.67% $5.59 |
LOSERS
1. ITH | THM -6.19% $1.21 |
2. Nevsun | NSU -5.19% $3.29 |
3. Almaden | AAU -3.32% $1.46 |
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, 2 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% While Stocks, Bonds, Dollar, and Oil Fall
