Gold jumped about $30 higher after the release of this morning’s jobs data and remained near that level for the rest of the day. Silver surged to as high as $16.441 and ended with a gain of 2.5%.
Euro gold rose to about €1095, platinum gained $25 to $980, and copper climbed 5 cents to about $2.12.
Gold and silver equities gained nearly 10% in the first 40 minutes of trade before they pared back a bit into midday, but they then rallied back higher again in afternoon trade and ended roughly 11% higher the day.
The BLS net birth/death adjustment added 224,000 payrolls to May’s data. Private Payrolls rose 25,000.
All of this week’s other economic reports:
Initial Claims - 5/28
ADP Employment - May
ISM Index - May
Construction Spending - April
Consumer Confidence - May
Chicago PMI - May
Case-Shiller 20-city Index - March
Personal Income - April
Personal Spending - April
PCE Prices - Core - April
Next week’s economic highlights include Productivity and Consumer Credit on Tuesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Michigan Sentiment and the Treasury Budget on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1%, the U.S. dollar index tumbled lower, and treasuries soared higher after this morning’s dismal jobs report sent the Dow, Nasdaq, and S&P nearly 1% lower at the open, but stocks then climbed back higher into the close and ended with only modest losses.
Among the big names making news in the market Friday were Citigroup, Epson, and BMW.
Activity from: 6/2/2016
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 4.457 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.80: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,491.18: +48.52 change from yesterday’s data.
Nevsun’s (NSU) dividend and Primero’s (PPP) investment dispute were among the big stories in the gold and silver mining industry making headlines Friday.
IAG +15.69% $3.76
FSM +15.19% $6.22
AGI +14.99% $7.21
No “losers” today.
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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