Gold fell $10.15 to $1217.85 at about 9:45 AM EST before it bounced back higher into the close, but it still ended with a loss of 0.31%. Silver slipped to $16.20 in London, but it then rose to as high as $16.355 in New York and ended with a gain of 0.43%.
Euro gold fell to about €1098, platinum lost $7 to $991, and copper climbed 4 cents to about $2.11.
Gold and silver equities fell about 3% in the first 15 minutes of trade, but they then climbed back higher for most of the rest of the day and ended with roughly 2% gains.
FHFA Housing Price Index
Tomorrow brings Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales.
Charts Courtesy of http://finance.yahoo.com/
Oil closed almost 2% higher after the Energy Information Administration reported that crude inventories fell 4.2 million barrels, gasoline inventories rose 2 million barrels, and distillates fell 1.3 million barrels.
The U.S. dollar index drifted lower on a lack of news related to interest rates.
Treasuries saw modest losses as the Dow, Nasdaq, and S&P rose almost 1% on optimism over oil’s rally.
Among the big names making news in the market today were Wells Fargo, AB Inbev, and Alibaba.
As of close of business: 5/24/2016
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 3.862 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.43: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10, 10,442.66: No change from yesterday’s data.
FSM +5.83% $5.81
HL +5.68% $4.09
3. First Majestic
AG +5.05% $11.02
1. New Gold
NGD -3.29% $3.82
2. Gold Fields
GFI -2.70% $3.60
3. Gold Standard
GSV -2.42% $1.61
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