-- Published: Thursday, 11 August 2016 | Print | Disqus
Gold dropped $6.14 to $1340.56 in Asia before it climbed up to $1352.40 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.65%. Silver slipped to as low as $19.897 and ended with a loss of 1.09%.
Euro gold fell to about €1201, platinum lost $40 to $1135, and copper climbed a couple of cents to about $2.19.
Gold and silver equities rose roughly 1.5% in the first hour and a half of trade, but they then drifted back lower into the close and ended with modest losses.
Export Prices ex-ag.
Import Prices ex-oil
Tomorrow brings PPI, Retail Sales, Michigan Sentiment, and Business Inventories.
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 4% higher after “comments from Saudi Arabia’s energy minister raised the possibility that major producers will take action to stabilize the market at a meeting planned for next month.”
The U.S. dollar index bounced back from this week’s interest rate driven losses.
Treasuries fell as the Dow, Nasdaq, and S&P rose on oil’s rebound and mostly better than expected earnings reports.
Among the big names making news in the market today were Zurich Insurance, Valeant, Alibaba, and Macy’s.
Investment surpasses jewelry as source of most demand for gold
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As of close of business: 8/10/2016
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 221.84: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,941.12: No change from yesterday’s data.
Almaden’s (AAU) director change, Comstock’s (LODE) safety award, Silvercorp’s (SVM.TO) first quarter results, Endeavor Silver’s (EXK) management change, Golden Minerals (AUMN) second quarter results and exploration update, and Tahoe’s (TAHO) dividend reinvestment plan were among the big stories in the gold and silver mining industry making headlines today.
1. Gold Standard
GSV +15.54% $2.90
2. Silver Standard
SSRI +11.65% $15.43
AGI +2.99% $8.95
AAU -7.18% $1.68
2. Vista Gold
VGZ -4.20% $1.14
3. New Gold
NGD -3.87% $5.71
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, 11 August 2016 | E-Mail | Print | Source: GoldSeek.com