Please Note: US markets are closed on Monday in observance of Memorial Day.
Gold initially eased overnight losses and edged up to $1223.34 in late Asian trade, but it then chopped back lower in London and New York and ended with a loss of 0.77%. Silver slipped to as low as $16.131 and ended with a loss of 0.74%.
Euro gold fell to about €1089, platinum lost $15 to $975, and copper climbed a penny to about $2.12.
Gold and silver equities fell about 3% by midafternoon and remained near that level for the rest of the day.
All of this week’s other economic reports:
Pending Home Sales - April
Durable Orders - April
Durable Orders ex-trans. - April
Initial Claims - 5/21
FHFA Housing Price Index - March
New Home Sales - April
Next week’s economic highlights include Personal Income and Spending, PCE Prices, the Case-Shiller 20-city Index, Chicago PMI, and Consumer Confidence on Tuesday, Construction Spending, the ISM Index, and the Fed's Beige Book on Wednesday, ADP Employment and Initial Jobless Claims on Thursday, and May’s jobs data, the Trade Balance, Factory Orders, and ISM Services on Friday.
Charts Courtesy of http://finance.yahoo.com/
Among the big names making news in the market Friday were LendingClub, Takata, and Verizon.
Activity from: 5/26/2016
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: 198.89: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,442.66: No change from yesterday’s data.
Centerra’s (CG.TO) permit delay, First Majestic’s (AG) election of directors, and Endeavour Silver’s (EXK) AGM results were among the big stories in the gold and silver mining industry making headlines Friday.
NSU +1.21% $3.35
MUX -7.53% $2.21
BTG -7.41% $1.75
3. Silver Standard
SSRI -6.65% $8.71
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