-- Published: Tuesday, 2 May 2017 | Print | Disqus
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.
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.
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.
USAGold's News & Views for May notes gold's undervaluation
As of close of business: 5/1/2017
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: 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.
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.
1. Gold Standard
GSV +5.70% $1.67
NSU +4.04% $2.32
HMY +3.86% $2.15
AGI -4.53% $6.74
PVG -3.03% $9.29
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