Gold saw slight gains in Asia before it fell to see a $22.04 loss at $1209.16 by midmorning in New York, but it then rallied back higher into the close and ended with a loss of 0.63%. Silver slipped to as low as $14.833 and ended with a loss of 2.27%.
Euro gold fell to about €1074, platinum lost $16.50 to $954, and copper fell a couple of cents to about $2.17.
Gold and silver equities fell as much as 4% at the open, but they then rallied back higher for most of the rest of trade and ended with modest gains on the day.
The BLS net birth/death adjustment added 34,000 payrolls to March’s data. Private Payrolls rose 195,000.
All of this week’s other economic reports:
Chicago PMI - March
Initial Claims - 3/26
ADP Employment - March
Consumer Confidence - March
Case-Shiller 20-city Index - January
Pending Home Sales - February
PCE Prices - February
Personal Income - February
Personal Spending - February
Next week’s economic highlights include Factory Orders on Monday, the Trade Balance and ISM Services on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims and Consumer Credit on Thursday, and Wholesale Inventories on Friday.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index initially jumped higher after the release of this morning’s jobs report, but it then fell back off into the close and ended slightly lower on that view that it won’t ultimately influence the fed towards raising interest rates.
Treasuries traded mixed as the Dow, Nasdaq, and S&P rose to see almost 1% gains by the close on decent economic data along with easy monetary policy.
Among the big names making news in the market Friday were GM, Fiat, Chrysler, Tesla, and Vale.
Activity from: 3/31/2016
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: 186.33: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,344.35: +68.08 change from yesterday’s data.
1. Alamos Gold
AGI +6.05% $5.61
2. Gold Standard
GSV +5.76% $1.10
SA +5.75% $11.59
FCX -4.45% $9.89
PZG -2.78% $1.40
3. Silver Wheaton
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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