April 6: Gold and Silver Edge Lower Before Jobs Data Tomorrow
Gold chopped down to $1250.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.35%. Silver slipped to as low as $18.162 and ended with a loss of 0.38%.
Euro gold remained at about €1176, platinum lost $4 to $953, and copper fell a couple of cents to about $2.68.
Gold and silver equities fell roughly 1% by late morning, but they then rallied back higher in afternoon trade and ended near unchanged on the day.
Tomorrow brings March's jobs data, Wholesale Inventories, and Consumer Credit.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index rose as the euro fell “after European Central Bank President Mario Draghi tried to dispel speculation that the central bank would soon end its experiment with negative interest rates.”
Treasuries held near unchanged as the Dow, Nasdaq, and S&P pared early gains on unease about Trump’s talks with Chinese President Xi Jinping.
Among the big names making news in the market today were Constellation, Hooker Furniture, and GM.
As of close of business: 4/5/2017
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: 199.81: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,237.66: -4.24 change from yesterday’s data.
Barrick’s (ABX) partnership with Shandong Gold Mining Co., Harmony’s (HMY) halted strike, and Tahoe Resource’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
AAU +4.65% $1.35
2. Tahoe Resources
TAHO +3.57% $8.41
RIC +3.40% $7.60
1. Gold Resource
2. Gold Standard
GSV -2.42% $2.02
3. Great Panther
GPL -2.40% $1.63
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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