-- Published: Thursday, 4 August 2016 | Print | Disqus
Gold fell $8.86 to $1349.24 in Asia before it rallied back to $1364.86 at about 8:45AM EST, but it then drifted back lower into the close and ended with a gain of just 0.17%. Silver slipped to as low as $20.044 and ended with a loss of 0.29%.
Euro gold rose to about €1222, platinum lost $3.60 to $1156, and copper fell a couple of cents to about $2.18.
Gold and silver equities rose roughly 1% by midmorning and remained near that level for the rest of the day.
Tomorrow brings July’s jobs data, the Trade Balance, and Consumer Credit.
Charts Courtesy of http://finance.yahoo.com/
Oil gained almost 3% on short covering after yesterday’s inventory data prompted traders to cut back on positions and take profits.
The U.S. dollar index rose as the pound fell “after the Bank of England cut interest rates for the first time in seven years and announced a fresh round of stimulus measures intended to mitigate the effect of the U.K’s decision to leave the European Union.”
Treasuries rose on the BOE’s stimulus efforts while the Dow, Nasdaq, and S&P held near unchanged ahead of tomorrow’s jobs data.
Among the big names making news in the market today were MetLife, Bayer, Chevron, Nike, Tesla, and Square.
No one can be sure that Fed doesn't meddle with futures or ETFs
As of close of business: 8/3/2016
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.322 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.65: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,911.57: No change from yesterday’s data.
Second quarter results from Primero (PPP), Comstock (LODE), McEwen (MUX), Randgold (GOLD), and Hecla (HL) were among the big stories in the gold and silver mining industry making headlines today.
IAG +8.90% $5.75
EMXX +6.50% $1.31
DRD +5.75% $8.64
PPP -19.46% $1.78
2. Great Panther
GPL -6.08% $1.39
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: Thursday, 4 August 2016 | E-Mail | Print | Source: GoldSeek.com