Ocotober 10: Gold and Silver End Near Unchanged
Gold climbed up to $1768.16 by about 8AM EST before it fell back to $1757.40 in the next 45 minutes of trade, but it then chopped its way back higher into the close and ended with a loss of just 0.06%. Silver slipped to $33.691 in Asia, but it then rose to as high as $34.14 in New York and ended with a gain of 0.5%.
Euro gold fell to about €1367, platinum lost $19 to $1668, and copper remained at about $3.72.
Gold and silver equities saw almost 2% gains about an hour into trade, but they then drifted back lower in late morning trade and ended only slightly higher.
The Fed's Beige Book from September “said today that the U.S. economy was expanding “modestly” last month, supported by improvements in housing and auto sales, even as the labor market showed little change.”
Tomorrow at 8:30AM EST brings Export and Import Prices for September, Initial Jobless Claims for 10/06 expected at 370,000, and the Trade Balance for August expected at -$43.8 billion.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index ended slightly lower as the euro rose on hopes for a bailout deal for Spain.
Treasuries extended higher after today’s $21 billion 10-year note auction sold at a high yield of 1.70% with a bid to cover of 3.26.
Among the big names making news in the market today were Alcoa, Chevron, JPMorgan, Facebook, Microsoft, OCZ, Bain Capital, Nokia, Toyota, and EADS and BAE.
As of close of business: 10/09/2012
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)
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: 205.45: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,920.18: No change from yesterday’s data.
AngloGold’s (AU), Gold Fields’ (GFI) and Harmony’s (HMY) offer to raise the wages of their lowest-paid workers, AuRico’s (AUQ) asset sale, Nevsun’s (NSU) exploration license, Kinross Gold’s (KGC) CFO departure, Paramount’s (PZG) resource estimate, Keegan’s (KGN) revised mineral resource estimate, Endeavour’s (EXK) resolved work stoppage, Great Panther’s (GPL) third quarter production results, and First Majestic’s (AG) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.
AUQ +20.56% $7.74
2. Golden Star
GSS +3.68% $1.97
3. Gold Resource
1. Mines MGMT
MGN -7.64% $1.33
2. Northern Dynasty
NAK -4.57% $3.97
3. Gold Reserve
GRZ -3.77% $3.32
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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