-- Published: Tuesday, 2 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.90 | -$0.30 |
Silver | $16.83 | -$0.06 |
XAU | 81.26 | +0.60% |
HUI | 186.92 | +0.53% |
GDM | 606.85 | +0.26% |
JSE Gold | 1345.61 | -15.28 |
USD | 98.97 | -0.16 |
Euro | 109.26 | +0.27 |
Yen | 89.26 | -0.19 |
Oil | $47.66 | -$1.18 |
10-Year | 2.291% | -0.031 |
T-Bond | 152.84375 | +0.84375 |
Dow | 20949.89 | +0.17% |
Nasdaq | 6095.37 | +0.06% |
S&P | 2391.17 | +0.12% |
The Metals:
Gold fell $5.20 to $1252.00 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.02%. Silver slipped to as low as $16.789 and ended with a loss of 0.36%.
Euro gold fell to about €1150, platinum lost $2 to $925, and copper fell 2 cents to about $2.64.
Gold and silver equities saw slight losses at the open, but they quickly rebounded to see slight gains and remained near that level for the rest of the day.
The Economy:
Fed set to leave interest rates unchanged, may hint at June hike Reuters
Tomorrow brings ADP Employment, the ISM non-manufacturing index, PMI services, and a FOMC Announcement.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped over 2% ahead of tomorrow’s inventory report.
The U.S. dollar index fell and treasuries rose after weak auto sales reports raised doubts about the fed’s hawkish interest rate policy.
The Dow, Nasdaq, and S&P edged higher on decent earnings reports.
Among the big names making news in the market today were Ford, Cummins, Lumber Liquidators, Merck, Pfizer, and Apple.
GATA Posts:
USAGold's News & Views for May notes gold's undervaluation
The Statistics:
As of close of business: 5/1/2017
Gold Warehouse Stocks: | 8,934,663.902 | +3,665.214 |
Silver Warehouse Stocks: | 197,070,861.325 | +546,766.527 |
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 | 853.362 | 27,436,446 | US$34,433m |
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$5,574m |
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$6,159m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$451m |
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: 203.82: -0.54 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,308.30: +35.33 change from yesterday’s data.
The Miners:
Randgold’s (GOLD) Annual General Meeting results and Hecla’s (HL) exploration award were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +5.70% $1.67 |
2. Nevsun | NSU +4.04% $2.32 |
3. Harmony | HMY +3.86% $2.15 |
LOSERS
1. Alamos | AGI -4.53% $6.74 |
2. Pretivm | PVG -3.03% $9.29 |
3. Coeur | CDE -2.05% $8.61 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 2 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Barely Lower Before Fed Day
