-- Published: Wednesday, 21 September 2016 | Print | Disqus
Gold dipped $3.64 to $1310.96 in Asia before it rallied up to $1329.39 at about 8AM EST and then drifted back lower at times, but it then jumped up to $1335.12 after today’s fed statement and ended with a gain of 1.48%. Silver rose to as high as $19.864 and ended with a gain of 3.12%.
Euro gold rose to about €1193, platinum gained $23 to $1051, and copper stayed at about $2.16.
Gold and silver equities rose throughout most of trade and ended about 7% higher on the day.
Text of September FOMC statement MarketWatch
Fed keeps rates steady, signals one hike by end of year Reuters
Fed holds off interest-rate hike but only ‘for the time-being’ MarketWatch
Fed Leaves Rates Unchanged, Signals 2016 Hike Still Likely Bloomberg
Tomorrow brings Initial Jobless Claims, the FHFA Housing Price Index, and Existing Home Sales.
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 3% after the Energy Information Administration reported that crude inventories fell 6.2 million barrels, gasoline inventories fell 3.2 million barrels, and distillates rose 2.2 million barrels.
The U.S. dollar extended lower and treasuries turned higher after the fed held rates unchanged.
The Dow, Nasdaq, and S&P saw decent gains for most of the morning before they fell back to about unchanged in early afternoon trade, but they then climbed to new highs in the last couple of hours and ended roughly 1% higher.
Among the big names making news in the market today were Apple, Verizon, and Wells Fargo.
Storage cost argument against gold now applies to cash, McEwen notes
Do you know where those gold maples have been? Canadian Mint doesn't either
As of close of business: 9/20/2016
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 3.858 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 223.51: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,305.47: No change from yesterday’s data.
RIC +13.03% $11.28
HMY +11.87% $3.77
PVG +11.45% $11.29
No “Losers” today.
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: Wednesday, 21 September 2016 | E-Mail | Print | Source: GoldSeek.com