-- Published: Tuesday, 30 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1310.90 | -$12.30 |
Silver | $18.61 | -$0.23 |
XAU | 91.84 | -5.25% |
HUI | 226.57 | -5.58% |
GDM | 722.27 | -4.54% |
JSE Gold | 2402.88 | -74.16 |
USD | 96.07 | +0.50 |
Euro | 111.43 | -0.45 |
Yen | 97.08 | -1.03 |
Oil | $46.35 | -$0.63 |
10-Year | 1.570% | +0.004 |
T-Bond | 171.71875 | -0.375 |
Dow | 18454.30 | -0.26% |
Nasdaq | 5222.99 | -0.18% |
S&P | 2176.12 | -0.20% |
The Metals:
Gold drifter lower throughout most of trade in London and New York and ended near its late session low of $1309.22 with a loss of 0.94%. Silver slipped to as low as $18.577 and ended with a loss of 1.22%.
Euro gold fell to about €1176, platinum lost $22 to $1052, and copper fell slightly to about $2.09.
Gold and silver equities fell roughly 5% by midafternoon and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | June | 5.1% | 5.1% | 5.3% |
Consumer Confidence | Aug | 101.1 | 97.0 | 96.7 |
Tomorrow brings ADP Employment, Chicago PMI, and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% ahead of tomorrow’s inventory report as the U.S. dollar index rose and treasuries fell “after Federal Reserve Vice Chairman Stanley Fischer reiterated that the central bank could raise interest rates in the coming months.”
The Dow, Nasdaq, and S&P dropped on concerns over the EU’s attempt to crackdown on fiscal loopholes.
Among the big names making news in the market today were Hershey, JSM, Abercrombie, and Apple.
GATA Posts:
Resolute Mining to pay dividends in gold bullion
Central bankers get tired of gold as lower exports cut cash
The Statistics:
As of close of business: 8/29/2016
Gold Warehouse Stocks: | 10,932,454.629 | -52,738.771 |
Silver Warehouse Stocks: | 162,196,544.207 | +847,872.36 |
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 | 956.588 | 30,755,253 | US$40,526m |
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$5,829m |
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$6,466m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$470m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.44: +0.54 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,130.20: +29.54 change from yesterday’s data.
The Miners:
Freeport’s (FCX) mine accident, Seabridge Gold’s (SA) drill results, Barrick’s (ABX) new Chief Investment Officer, Gold Standard’s (GSV) drill results, Paramount’s (PZG) Pre-Feasibility Study, and Santacruz Silver’s (SCZ.V) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Nevsun | NSU +0.32% $3.14 |
LOSERS
1. Almaden | AAU -9.09% $1.30 |
2. Coeur | CDE -7.74% $12.76 |
3. B2Gold | BTG -7.67% $2.65 |
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, 30 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
