-- Published: Friday, 5 May 2017 | Print | Disqus
Gold gained $7.20 to $1235.50 at about 6AM EST before it fell back to $1226.20 in early afternoon New York trade, but it then bounced back higher in the last few hours of the day and ended with a gain of 0.08%. Silver rose to as high as $16.516 before it fell back $16.226, but it then rallied back higher in afternoon trade and ended with a gain of 0.43%.
Euro gold remained at about €1118, platinum gained $9 to $910, and copper climbed 2 cents to about $2.52.
Gold and silver equities rose roughly 3% by late morning and remained near that level into the close.
The BLS net birth/death adjustment added 255,000 payrolls to April’s data. Private Payrolls rose 194,000.
Fed should start trimming balance sheet in second half: Bullard Reuters
Fed's Williams backs changing central bank's strategy to price-level targeting MarketWatch
All of this week’s other economic reports:
Charts Courtesy of http://finance.yahoo.com/
Oil rose 1.5% on “assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut.”
The U.S. dollar index saw slight losses and treasuries edged higher as the Dow, Nasdaq, and S&P traded mixed and ended higher after this morning’s jobs data did not alter the outlook for an interest rate hike by the fed next month.
Among the big names making news in the market Friday were Shake Shack, Fannie Mae, Apple, IBM, and Heineken.
Astounding volumes of paper gold and silver sales detailed by Maguire at KWN
Activity from: 5/4/2017
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.287 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 203.03: -1.20 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,412.74: +0.51 change from yesterday’s data.
SEMAFO’s (SMF.TO) re-election of directors, ITH’s (THM) first quarter results, Golden Star’s (GSS) AGM results, and Richmont’s (RIC) election of directors were among the big stories in the gold and silver mining industry making headlines Friday.
AXU +10.24% $1.40
2. Northern Dynasty
NAK +8.84% $1.60
BVN +5.70% $12.42
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-- Published: Friday, 5 May 2017 | E-Mail | Print | Source: GoldSeek.com