-- Published: Friday, 14 October 2016 | Print | Disqus
Gold fell $9.38 to $1248.72 at about 8:30AM EST before it bounced back to $1257.46 in early afternoon trade and then drifted back lower into the close, but it ended with a loss of just 0.53%. Silver slipped to as low as $17.373 and ended with a loss of 0.29%.
Euro gold rose to about €1140, platinum lost $1 to $933, and copper fell slightly to about $2.12.
Gold and silver equities fell about 2% by late morning and remained near that level for the rest of the day.
Retail Sales ex-auto
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Industrial Production, and Capacity Utilization on Monday, CPI, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Tuesday, Housing Starts, Building Permits, and the Fed's Beige Book on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Existing Home Sales on Thursday.
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower as the U.S. dollar index rose and treasuries fell on mostly better than expected economic data that increased the likelihood for an interest rate hike by the end of the year.
The Dow, Nasdaq, and S&P saw modest gains “after a report showing an increase in China’s factory-gate prices eased concern over a slowdown in the world’s second-largest economy.”
Among the big names making news in the market Friday were Wells Fargo, Citigroup, and JPMorgan.
PhD thesis stirs up a $1 billion gold-price trial for global banks
Gold prices in India go to premium for first time this year
Activity from: 10/13/2016
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: SPDR added 2.67 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.23: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,232.93: No change from yesterday’s data.
1. Gold Standard
GSV +3.66% $2.55
2. Turquoise Hill
TRQ +2.74% $3.00
PZG +2.22% $1.84
1. Gold Fields
GFI -4.98% $4.01
FSM -4.86% $6.27
3. Great Panther
GPL -4.65% $1.23
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, 14 October 2016 | E-Mail | Print | Source: GoldSeek.com