Gold drifted down to $1265.93 at about 8:30AM EST before it popped back to $1280.71 in the next 90 minutes of trade, but it then fell back off again into midday and ended with a loss of 0.72%. Silver slipped to as low as $17.021 and ended with a loss of 1.84%.
Euro gold fell to about €1115, platinum lost $13 to $1048, and copper dropped 3 cents to about $2.08.
Gold and silver equities fell about 3% by late morning before they chopped back higher into the close, but they still ended with modest losses on the day.
Import Prices ex-oil
Export Prices ex-ag.
Tomorrow brings PPI, Retail Sales, Business Inventories, and Michigan Sentiment.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index edged higher as the yen fell on thoughts that the Bank of Japan may ease monetary policy as soon as next month.
Treasuries saw modest losses as the Dow, Nasdaq, and S&P traded mixed on concerns over slowing demand for iPhones.
Among the big names making news in the market today were Apple, Ralph Lauren, Nissan, and Bayer.
As of close of business: 5/11/2016
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 2.674 tonnes
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.78: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,421.95: No change from yesterday’s data.
Richmont’s (RIC) election of directors and first quarter results, Alamos Gold’s (AGI) first quarter results, B2Gold’s (BTG) first quarter results, Timmins Gold’s (TGD) project sale, Goldcorp’s (GG) Acquisition of Kaminak (KAM.V), and Pan American’s (PAAS) annual general and special meeting results were among the big stories in the gold and silver mining industry making headlines today.
1. Silver Standard
SSRI +5.70% $9.27
DRD +4.68% $5.81
RIC +3.95% $8.15
HMY -7.25% $3.20
2. Gold Resource
3. Gold Fields
GFI -5.05% $4.14
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