-- Published: Wednesday, 5 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.10 | -$0.20 |
Silver | $18.30 | -$0.01 |
XAU | 86.35 | +0.08% |
HUI | 205.04 | +0.25% |
GDM | 652.90 | +0.15% |
JSE Gold | 1537.99 | +45.26 |
USD | 100.47 | -0.10 |
Euro | 106.65 | -0.03 |
Yen | 90.33 | +0.03 |
Oil | $51.15 | +$0.12 |
10-Year | 2.339% | -0.020 |
T-Bond | 151.8125 | +0.15625 |
Dow | 20648.15 | -0.20% |
Nasdaq | 5864.48 | -0.58% |
S&P | 2352.95 | -0.31% |
The Metals:
Gold edged up to $1257.20 in Asia before it dropped back to $1243.90 in midmorning New York trade, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver slipped to as low $18.143 and ended with a loss of just 0.05%.
Euro gold fell to about €1176, platinum lost $1 to $957, and copper climbed 7 cents to about $2.70.
Gold and silver equities traded roughly 1% lower for most of the morning, but they then bounced back higher into the close and ended with modest gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Mar | 263K | 175K | 245K |
ISM Services | Mar | 55.2 | 57.0 | 57.6 |
Fed plans to reduce its $4.5 trillion balance sheet this year, minutes show MarketWatch
Fed wants to start unwinding the $4.5 trillion in bonds on its balance sheet CNBC
Fed’s Tarullo expects second-quarter data ‘to look pretty good’ MarketWatch
Tomorrow brings Initial Jobless Claims.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains after the Energy Information Administration reported that crude inventories unexpectedly rose 1.6 million barrels, gasoline inventories fell 600,000 barrels, and distillates fell 500,000 barrels.
The U.S. dollar index initially rose and treasuries fell on better than expected jobs data that sent the Dow, Nasdaq, and S&P higher throughout the morning, but all of those moves completely reversed after minutes from the fed’s last meeting raised caution about the state of the markets.
Among the big names making news in the market today were Tesla, BMW, and Monsanto.
GATA Posts:
Turkey to introduce sovereign gold bonds, gold lease certificates
Gold imports surge as Turks heed Erdogan's call and vote looms
Turkey to give central bank first option on buying domestic gold, sources tell Reuters
The Statistics:
As of close of business: 4/4/2017
Gold Warehouse Stocks: | 8,987,836.054 | +84,428.317 |
Silver Warehouse Stocks: | 191,213,956.580 | -972.60 |
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 | 836.765 | 26,902,831 | US$33,503m |
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$5,542m |
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$6,122m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$448m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.85: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,241.90: -32.39 change from yesterday’s data.
The Miners:
Barrick’s (ABX) work in Argentina, Goldcorp’s (GG) revenue sources, and Great Panther’s (GPL) management changes were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +7.50% $1.29 |
2. Taseko | TGB +5.47% $1.35 |
3. Richmont | RIC +2.80% $7.35 |
LOSERS
1. Northern Dynasty | NAK -8.21% $1.23 |
2. Endeavour Silver | EXK -5.63% $3.52 |
3. Avino | ASM -2.15% $1.82 |
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: Wednesday, 5 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Reverse Early Losses To End Barely Lower After Cautious Fed Minutes
