-- Published: Friday, 21 October 2016 | Print | Disqus
Gold fell $4.90 to $1261.20 in Asia before it bounced back to $1267.91 in early New York trade and then drifted back lower into midday, but it then edged back higher into the close and ended with a gain of 0.09%. Silver rose to as high as $17.55 and ended with a gain of 0.06%.
Euro gold rose to about €1164, platinum lost $1 to $928, and copper remained at about $2.10.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
Fed's Tarullo wants academics to focus more on bank liabilities rather than capital MarketWatch
U.S. mall investors set to lose billions as retail gloom deepens Reuters
All of this week’s economic reports:
NAHB Housing Market Index - October
63 v. 65
Next week’s economic highlights include the Case-Shiller 20-city Index, the FHFA Housing Price Index, and Consumer Confidence on Tuesday, International Trade in Goods and New Home Sales on Wednesday, Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales on Thursday, and GDP and Michigan Sentiment on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher “after Russian energy minister Alexander Novak reportedly reiterated the need for coordinated action among major oil producers to stem a two-year slide in prices.”
The U.S. dollar index rose as the euro continued to fall “after Mario Draghi said quantitative easing is unlikely to come to an “abrupt” end, making traders more confident that unprecedented monetary stimulus will continue beyond its planned end date.”
Treasuries saw slight gains as the Dow, Nasdaq, and S&P traded mostly lower on mixed earnings reports.
Among the big names making news in the market Friday were AT&T and Time Warner, Microsoft, Bombardier, GE, Reynolds, and McDonald’s.
Yuan's inclusion in SDR did nothing for gold, GATA chairman notes
Activity from: 10/20/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.16: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,294.92: No change from yesterday’s data.
Turquoise Hill’s (TRQ) filed technical report, Alamos Gold’s (AGI) investment in Corex Gold, and Avino’s (ASM) new resource estimate were among the big stories in the gold and silver mining industry making headlines Friday.
XRA +2.65% $1.16
TRQ +2.31% $3.10
IAG +2.24% $4.10
1. Gold Standard
GSV -3.83% $2.51
PZG -3.74% $1.81
ASM -2.93% $1.99
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, 21 October 2016 | E-Mail | Print | Source: GoldSeek.com