April 7: Gold and Silver End Near Unchanged on the Week
Gold gained $18.60 to $1270.30 in early New York and before it fell all of the way back to $1251.40 by midafternoon, but then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $18.459 before it dropped back to $17.872 and then also rallied back higher in late trade, but it still ended with a loss of 1.32%.
Euro gold rose to about €1184, platinum lost $2 to $951, and copper dropped a penny to about $2.67.
Gold and silver equities rose over 2% at the open before they fell to see almost 1% losses in early afternoon trade, but they then edged back higher in late trade and ended near unchanged.
Avg. Hourly Earnings
The BLS net birth/death adjustment added 32,000 payrolls to March’s data. Private Payrolls rose 89,000.
All of this week’s other economic reports:
Initial Claims - 4/01
ISM Services - March
ADP Employment - March
Factory Orders - February
Trade Balance - February
Construction Spending - February
ISM Index - March
Next week’s economic highlights include Export and Import Prices on Wednesday, and Initial Jobless Claims, PPI, and Michigan Sentiment on Thursday.
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 1% on geopolitical concerns after last night’s missile strike against Syria.
The U.S. dollar index ultimately rose and treasuries fell while the Dow, Nasdaq, and S&P clawed back to almost unchanged in afternoon trade on the view that this morning’s mixed jobs data will not alter the fed’s plan to raise interest rates.
Among the big names making news in the market Friday were General Mills, Carnival, Twitter, Deutsche Bank, and Samsung.
Activity from: 4/6/2017
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 0.278 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 200.26: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: -29.45 change from yesterday’s data.
Banro’s (BAA) recapitalization update and Coeur’s (CDE) first quarter production and sales results were among the big stories in the gold and silver mining industry making headlines Friday.
RIC +3.29% $7.85
PZG +2.48% $1.65
3. Northern Dynasty
NAK +2.42% $1.27
AAU -4.44% $1.29
2. Endeavour Silver
EXK -4.19% $3.43
AXU -2.53% $1.54
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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