Gold dropped $10.68 to $1229.62 in London, but it then climbed back higher for most of trade in New York and ended with a loss of just 0.06%. Silver rose to as high as $15.38 and ended with a gain of 0.85%.
Euro gold fell to about €1087, platinum gained $11 to $965, and copper remained at about $2.09.
Gold and silver equities gained about 4% by midday and remained near that level for the rest of the day.
All of this week’s other economic reports:
Consumer Credit - February
Initial Claims - 4/02
JOLTS - Job Openings - February
ISM Services - March
Trade Balance - February
Factory Orders - February
Next week’s economic highlights include Import and Export Prices and the Treasury Budget on Tuesday, PPI, Retail Sales, Business Inventories, and the Fed's Beige Book on Wednesday, Initial Jobless Claims and CPI on Thursday, and Empire Manufacturing, Capacity Utilization, Industrial Production, and Net Long-Term TIC Flows on Friday.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index dropped as the euro rose after minutes from the ECB’s March meeting expressed confidence in Draghi and the stimulative measures employed last month.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on relief over oil’s rebound.
Among the big names making news in the market Friday were UnitedHealth, Starboard, and Twitter.
Activity from: 4/7/2016
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: 187.26: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,411.09: No change from yesterday’s data.
Goldcorp’s (GG) investment in Probe Metals (PRB.V) and Endeavour Silver’s (EXK) production results were among the big stories in the gold and silver mining industry making headlines Friday.
AAU +19.04% $1.12
AXU +13.67% $1.08
MUX +10.58% $2.30
1. MAG Silver
MVG -1.84% $9.62
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