September 28: Gold and Silver End Near Unchanged on the Week
Gold traded mostly slightly higher in Asia and London, but it then drifted back lower in New York and ended with a loss of 0.23%. Silver slipped to as low as $34.27 and ended with a loss of 0.35%.
Euro gold rose to a new ALL-TIME HIGH at about €1380, platinum gained $13.25 to $1656.50, and copper climbed to about $3.76.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
PCE Prices - Core
All of this week’s other economic reports:
Pending Home Sales - August
GDP - Q2
GDP Deflator - Q2
Durable Orders - August
Durable Orders -ex Trans. - August
Initial Claims - 9/22
New Home Sales - August
Consumer Confidence - September
FHFA Housing Price Index - July
Case-Shiller 20-city Index - July
Next week’s economic highlights include the ISM Index and Construction Spending on Monday, ADP Employment, ISM Services, and FOMC Minutes on Wednesday, Initial Jobless Claims and Factory Orders on Thursday, and September’s jobs data and Consumer Credit on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil closed higher on continued concerns about Iran’s nuclear program.
The U.S. dollar index rose on renewed worries about Spain that sent the Dow, Nasdaq, and S&P lower.
Treasuries ended slightly lower in mixed trade.
Among the big names making news in the market Friday were Apple, BofA, Kodak, and Realogy.
Activity from: 9/27/2012
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: 199.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,046.12: No change from yesterday’s data.
Newmont’s (NEM) labor woes and Huldra Silver’s (HDA.V) investor relations agreement were among the big stories in the gold and silver mining industry making headlines Friday.
XPL +8.19% $1.85
3. Royal Gold
HL -4.24% $6.55
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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