-- Published: Friday, 30 September 2016 | Print | Disqus
Gold gained $6.59 to $1327.99 at about 9AM EST before it chopped down to $1314.19 in early afternoon New York trade, but it then bounced back higher in late trade and ended with a loss of just 0.3%. Silver surged over 3% to $19.692 before it also fell back off, but it still ended with a gain of 0.47%.
Euro gold fell to about €1073, platinum gained $2 to $1025, and copper climbed a penny to about $2.21.
Gold and silver equities saw roughly 2% gains at the open, but they then drifted back lower into the close and ended with about 1% losses.
Core PCE Prices
Drop in U.S. consumer spending clouds Fed rate hike outlook Reuters
All of this week’s other economic reports:
Next week’s economic highlights include the ISM Index and Construction Spending on Monday, ADP Employment, the Trade Balance, Factory Orders, and ISM Services on Wednesday, Initial Jobless Claims on Thursday, and September’s jobs data, Wholesale Inventories, and Consumer Credit on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 1% in continued reaction to OPEC’s production deal.
The U.S. dollar index ended lower in mixed trade as the euro rose on easing worries about Deutsche Bank that sent treasuries lower and the Dow, Nasdaq, and S&P almost 1% higher.
Among the big names making news in the market Friday were BMW, Nutanix, Costco, Mitsubishi Motors, and Deutsche Bank.
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Activity from: 9/29/2016
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: 226.68: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,287.75: No change from yesterday’s data.
Goldcorp’s (GG) protesters at its Penasquito gold mine, Barrick’s (ABX) operations in Argentina, and Alamos Gold’s (AGI) dividend were among the big stories in the gold and silver mining industry making headlines Friday.
1. Vista Gold
VGZ +1.92% $1.06
FCX +1.59% $10.86
NEM +0.61% $39.29
1. Gold Resource
IAG -3.80% $4.05
MUX -3.17% $3.67
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: Friday, 30 September 2016 | E-Mail | Print | Source: GoldSeek.com