Gold fell $16.78 to $1224.52 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.26%. Silver slipped to as low as $15.187 and ended with a loss of 0.78%.
Euro gold fell to about €1081, platinum lost $3 to $961, and copper fell a couple of cents to about $2.20.
Gold and silver equities fell roughly 3% in the first four hours of trade, but they then rallied back higher into the close and ended with less than 1% losses on the day.
Tomorrow brings Initial Jobless Claims and Chicago PMI.
Charts Courtesy of http://finance.yahoo.com/
Oil erased most of the day’s earlier gains after the Energy Information Administration reported that crude inventories rose 2.3 million barrels, gasoline inventories fell 2.5 million barrels, and distillates fell 1.1 million barrels.
The U.S. dollar index continued to fall on yesterday’s call for caution when it comes to raising interest rates.
Treasuries dropped as the Dow, Nasdaq, and S&P rose on continued easy monetary policy.
Among the big names making news in the market today were Valeant, MetLife, Wells Fargo, and GM.
As of close of business: 3/29/2016
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.271 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 185.88: -7.14 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,276.27: +19.24 change from yesterday’s data.
Kinross Gold’s (KGC) mine expansion and updated technical report, SEMAFO’s (SMF.TO) credit facility, and Silver Bear’s (SBR.TO) financing and corporate update were among the big stories in the gold and silver mining industry making headlines today.
BVN +4.53% $7.38
2. Gold Standard
GSV +4.00% $1.04
RIC +3.24% $5.74
1. Tahoe Resources
TAHO -4.50% $10.41
2. Lake Shore
LSG -4.40% $1.52
HMY -4.26% $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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016