-- Published: Wednesday, 31 August 2016 | Print | Disqus
Gold gained $5.19 to $1316.09 in Asia before it dropped down to $1304.50 in early New York trade, but it then bounced back higher in midmorning action and ended with a loss of just 0.2%. Silver rose to as high as $18.865 in Asia before it fell back to $18.578, but it still ended with a gain of 0.21%.
Euro gold fell to about €1173, platinum lost $5 to $1047, and copper remained at about $2.09.
Gold and silver equities fell roughly 2% in the first hour of trade and remained near that level for the rest of the day.
Pending Home Sales
Mortgage applications up 2.8% but refinancing applications should be higher CNBC
Tomorrow brings Initial Jobless Claims, Productivity, Construction Spending, and the ISM Index.
Charts Courtesy of http://finance.yahoo.com/
Oil extended lower after the Energy Information Administration reported that crude inventories rose 2.3 million barrels, gasoline inventories fell 700,000 barrels, and distillates rose 1.5 million barrels.
The U.S. dollar index and treasuries waffled near unchanged ahead of this Friday’s jobs data while the Dow, Nasdaq, and S&P fell on concerns about oil’s drop.
Among the big names making news in the market today were Deutsche Bank, Bill Gross, and Tesla.
Zero Hedge: Someone just dumped $5 billion in notional gold into the futures market
Bond king Gross says Fed has 'mastered market manipulation'
Gold withdrawals from New York Fed are increasing
As of close of business: 8/30/2016
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 1.187 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.44: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,130.20: No change from yesterday’s data.
Osisko’s (OSK.TO) drill results and Randgold’s (GOLD) total voting rights were among the big stories in the gold and silver mining industry making headlines today.
PZG +6.06% $1.75
AAU +1.54% $1.32
TRQ +0.65% $3.08
MUX -6.54% $3.43
AXU -5.62% $1.68
DRD -5.62% $5.21
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: Wednesday, 31 August 2016 | E-Mail | Print | Source: GoldSeek.com