-- Published: Tuesday, 1 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1287.30 | +$9.30 |
Silver | $18.33 | +$0.45 |
XAU | 89.31 | +2.72% |
HUI | 219.20 | +3.26% |
GDM | 697.39 | +2.48% |
JSE Gold | 1826.78 | +116.87 |
USD | 97.78 | -0.58 |
Euro | 110.53 | +0.68 |
Yen | 96.07 | +0.67 |
Oil | $46.67 | -$0.19 |
10-Year | 1.820% | -0.014 |
T-Bond | 162.875 | +0.15625 |
Dow | 18037.10 | -0.58% |
Nasdaq | 5153.58 | -0.69% |
S&P | 2111.72 | -0.68% |
The Metals:
Gold held near unchanged in Asia, but it then climbed steadily higher in London and New York and ended near its late session high of $1291.84 with a gain of 0.73%. Silver rose to as high as $18.48 and ended with a gain of 2.52%.
Euro gold rose to about €1165, platinum gained $13 to $991, and copper climbed 3 cents to about $2.23.
Gold and silver equities rose about 3% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Oct | 51.9 | 51.7 | 51.5 |
Construction Spending | Sep | -0.4% | 0.5% | -0.5% |
Car-loan market suffers losses for a third straight month MarketWatch
Fed to hold rates steady, put December hike firmly in view Reuters
Tomorrow brings ADP Employment and a FOMC Rate Decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower, the U.S. dollar index fell, and treasuries rose as the Dow, Nasdaq, and S&P dropped on political uncertainty.
Among the big names making news in the market today were BP, Freddie Mac, Facebook, Coach, Angie’s List, Samsung Electronics, GM, Pfizer, and Thomson Reuters.
GATA Posts:
CME Group to start London gold contract in challenge to ICE, LME
Three of Fed's own primary dealers see rate hikes on hold until 2017
The Statistics:
As of close of business: 10/31/2016
Gold Warehouse Stocks: | 10,600,892.767 | +36,169.875 |
Silver Warehouse Stocks: | 173,582,934.719 | +134,222.40 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
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 | 942.589 | 30,305,189 | US$39,033m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,715m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,333m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 231.03: +0.48 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,218.19: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) directorate change, Banro’s (BAA) new CFO, Primero’s (PPP) board appointment, Richmont’s (RIC) status update, Paramount’s (PZG) approval of the Company's drill program, and Endeavour Silver’s (EXK) completed acquisition of properties from Silver Standard (SSRI) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. First Majestic | AG +7.08% $8.62 |
2. Avino | ASM +6.67% $2.08 |
3. Silver Standard | SSRI +6.57% $11.68 |
LOSERS
1. Turquoise | TRQ -0.65% $3.08 |
2. Nevsun | NSU -0.34% $2.90 |
3. Freeport | FCX -0.27% $11.15 |
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: Tuesday, 1 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 3%
