Gold gained $11.66 to $1301.66 at about 4AM EST before it dropped back down to $1283.54 by late morning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.22%. Silver slipped to as low as $17.343 and ended with a loss of 0.46%.
Euro gold fell to about €1119, platinum lost $16 to $1061, and copper fell 5 cents to about $2.21.
Gold and silver equities fell about 3% by midmorning and remained near that level for the rest of the day.
Tomorrow brings ADP Employment, Productivity, the Trade Balance, Factory Orders, and ISM Services.
Charts Courtesy of http://finance.yahoo.com/
Oil lost 2.5% ahead of tomorrow’s expected increase in inventories.
Treasuries rose as the Dow, Nasdaq, and S&P fell as much as 1% on renewed worries about global growth.
Among the big names making news in the market today were Cummins, Pfizer, Halliburton, Sprint, and New York Times.
As of close of business: 5/2/2016
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 added 20.803 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.31: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,538.31: +56.21 change from yesterday’s data
FSM +0.16% $6.19
DRD -7.33% $5.06
NSU -6.15% $3.36
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