Gold gained $10.76 to $1260.96 at about 6AM EST, but it then drifted back lower for most of the rest of trade and ended near its late session low of $1229.31 with a loss of 1.33%. Silver slipped to as low as $15.283 and ended with a loss of 0.91%.
Euro gold fell to about €1111, platinum lost $6 to $954, and copper remained at about $2.24.
Gold and silver equities fell about 3% by midday and remained near that level for the rest of the day.
Tomorrow brings Retail Sales, PPI, Empire Manufacturing, Business Inventories, the NAHB Housing Market Index, and Net Long-Term TIC Flows.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index rose on thoughts that the fed may forecast future interest rate hikes at the conclusion of its meeting this Wednesday.
Treasuries traded mixed as the Dow, Nasdaq, and S&P held near unchanged before this week’s busy schedule of economic data.
Among the big names making news in the market today were Allergan, Viacom, and UBS.
As of close of business: 3/11/2016
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: 191.97: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,135.66: +59.21 change from yesterday’s data.
Newmont’s (NEM) tender offer, Pretivm’s (PVG) exercise of participation rights, and Paramount’s (PZG) acquisition of Calico (CKB.V) were among the big stories in the gold and silver mining industry making headlines today.
FCX +4.40% $9.97
HMY +3.24% $3.50
TRQ +1.45% $2.79
SA -10.46% $10.53
RIC -9.16% $4.86
3. Gold Fields
GFI -6.37% $3.82
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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© Gold Seeker 2016