-- Published: Thursday, 3 November 2016 | Print | Disqus
Gold saw notable gains in Asia before it fell to see a $10.75 loss at $1285.65 at about 8AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.5%. Silver slipped to as low as $18.023 before it also bounced back higher, but it still ended with a loss of 0.86%.
Euro gold rose to about €1173, platinum gained $2.50 to $992, and copper climbed a couple of cents to about $2.25.
Gold and silver equities rose about 2% in the first half hour of trade and remained near that level into the close.
Unit Labor Costs
Tomorrow brings October’s jobs data and the Trade Balance.
Charts Courtesy of http://finance.yahoo.com/
Oil fell another 1.5% in continued reaction to yesterday’s large supply build.
The U.S. dollar index dropped again as the pound jumped higher “after a U.K. high court ruled the government can’t trigger the Brexit process without approval from parliament.”
Treasuries fell “after the Bank of England scrapped plans to cut interest rates and indicated that inflation is likely to rise further.”
The Dow, Nasdaq, and S&P remained weak on political uncertainty and mixed earnings reports.
Among the big names making news in the market today were AIG, Hermes, Fannie Mae, Facebook, Fitbit, Wells Fargo, and Credit Suisse.
Russian bank aims to double its gold trade in three years
Fosun in exclusive talks to buy stake in Russian gold miner Polyus, Reuters says
As of close of business: 11/2/2016
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: 231.59: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,148.60: -87.30 change from yesterday’s data.
McEwen’s (MUX) third quarter results, Comstock’s (LODE) board change, Kirkland’s (KGI.TO) third quarter results, Randgold’s (GOLD) third quarter results, B2Gold’s (BTG) third quarter results, Timmins Gold’s (TGD) third quarter results, AuRico Metals’ (AMI.TO) third quarter results, Golden Mineral’s (AUMN) third quarter results, Tahoe’s (TAHO) dividend, Endeavour Silver’s (EXK) third quarter results, and Great Panther’s (GPL) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
1. Endeavour Silver
EXK +8.41% $4.90
KGC +7.95% $4.21
3. Royal Gold
RGLD +7.69% $74.40
GOLD -2.25% $88.00
NSU -0.72% $2.77
GG -0.65% $15.24
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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© Gold Seeker 2016
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-- Published: Thursday, 3 November 2016 | E-Mail | Print | Source: GoldSeek.com