October 26: Gold and Silver End Slightly Lower on the Week
Gold fell $12.20 to $1700.50 in Asia before it rose to as high as $1718.50 by a little after 10AM EST, but it then fell back off into the close and ended with a loss of 0.04%. Silver dropped to $31.578 in Asia before it rebounded to $32.331 in New York, but it then also fell back off into the close and ended with a loss of 0.19%.
Euro gold remained at about €1323, platinum lost $18.70 to $1543, and copper remained at about $3.56.
Gold and silver equities fell over 1% by early afternoon before they bounced back higher in late trade, but they still ended with slight losses on the day.
All of this week’s other economic reports:
Pending Home Sales - September
Durable Orders - September
Durable Orders -ex Trans. - September
Initial Claims - 10/20
New Home Sales - September
FHFA Housing Price Index - August
Next week’s economic highlights include Personal Income and Spending and Core PCE Prices on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, ADP Employment, the Employment Cost Index, and Chicago PMI on Wednesday, Initial Jobless Claims, Productivity, Unit Labor Costs, the ISM Index, and Construction Spending on Thursday, and October’s jobs data and Factory Orders on Friday.
Charts Courtesy of http://finance.yahoo.com/
Treasuries rose on worries about Europe.
The Dow, Nasdaq, and S&P closed near unchanged in mixed trade as traders digested more earnings reports.
Among the big names making news in the market Friday were Citigroup, Amazon, Apple, Merck, KKR, and Comcast.
Activity from: 10/25/2012
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: 208.46: +0.46 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,923.19: +30.12 change from yesterday’s data.
Solitario’s (XPL) technical report, Eldorado’s (EGO) third quarter results, and AngloGold’s (AU) returning workers were among the big stories in the gold and silver mining industry making headlines Friday.
XPL +3.23% $1.60
LON +2.83% $1.06
JAG -5.26% $1.08
AAU -3.07% $2.53
3. Gold Resource
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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