Gold steadily rose throughout most of world trade and ended near its late session high of $1666.22 with a gain of 1.23%.Silver surged to as high as $32.26 and ended with a gain of 2.26%.
Euro gold fell to about €1255, platinum gained $4.50 to $1621.50, and copper gained 5 cents to about $3.81.
Gold and silver equities rose about 2% by midmorning and remained near that level for the rest of the day.
Next week’s economic highlights include Pending Home Sales on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Durable Goods Orders on Wednesday, Initial Jobless Claims and GDP on Thursday, and Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment on Friday.
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
1282.693
41,239,868
US$68,600m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
119.15
3,830,754
US$6,361m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,985m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
472,596
US$760m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
39.75
1,277,936
US$2,090m
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 7.554 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,726.99: No change from yesterday’s data.
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Disclosure:The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.The author of this report is not a registered financial advisor.Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.Past results are not necessarily indicative of future results.Any statements non-factual in nature constitute only current opinions, which are subject to change.Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
Chris Mullen has been the Chief Content Manager of GoldSeek.com, SilverSeek.com, UraniumSeek.com, GoldReview.com, CapitalUpdates.com, and Gold-Seeker.com since 2004. Sign up for free email lists from these sites at http://email.goldseek.com/
0.26%
-0.1%
-0.05%
0.83%
Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
Close
Gain/Loss
On Week
Gold
$1662.70
+$20.20
+0.16%
Silver
$32.13
+$0.71
-1.17%
XAU
177.10
+1.63%
-0.13%
HUI
473.42
+1.74%
-0.65%
GDM
1377.40
+1.90%
-0.35%
JSE Gold
2464.65
+32.55
+0.30%
USD
79.33
-0.37
-0.59%
Euro
132.68
+0.71
+0.77%
Yen
121.31
+0.16
+1.12%
Oil
$106.87
+$1.52
-0.18%
10-Year
2.237%
-0.038
-2.65%
Bond
137.875
+0.8125
UNCH
Dow
13080.73
+0.27%
-1.15%
Nasdaq
3067.92
+0.15%
+0.41%
S&P
1397.11
+0.31%
-0.50%
The Metals:
Gold steadily rose throughout most of world trade and ended near its late session high of $1666.22 with a gain of 1.23%.Silver surged to as high as $32.26 and ended with a gain of 2.26%.
Euro gold fell to about €1255, platinum gained $4.50 to $1621.50, and copper gained 5 cents to about $3.81.
Gold and silver equities rose about 2% by midmorning and remained near that level for the rest of the day.
Mali coup could put gold miners at risk canada
Bullion strike on Day 7 deccanherald
The Economy:
Report
For
Reading
Expected
Previous
New Home Sales
Feb
313K
323K
318K
All of this week’s other economic reports:
Initial Claims - 3/17
348K v. 353K
FHFA Housing Price Index - January
0.0% v. 0.1%
Leading Indicators - February
0.7% v. 0.2%
Existing Home Sales - February
4.59M v. 4.63M
Building Permits - February
717K v. 682K
Housing Starts - February
698K v. 706K
NAHB Housing Market Index - March
28 v. 28
Next week’s economic highlights include Pending Home Sales on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Durable Goods Orders on Wednesday, Initial Jobless Claims and GDP on Thursday, and Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index fell on easing worries about Europe.
Treasuries rose as the Dow, Nasdaq, and S&P held near unchanged on disappointing housing data.
Among the big names making news in the market Friday were BATS, Zynga, Credit Suisse, and US Airways.
GATA Posts:
Wall Street Journal misses the point about gold twice in one day
China and Australia in US$31 billion currency swap
The Statistics:
Activity from: 3/22/2012
Gold Warehouse Stocks:
11,408,690.210
-
Silver Warehouse Stocks:
135,850,575.600
+1,204,956,69
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
Product name
Total Tonnes
Total Ounces
Total Value
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
1282.693
41,239,868
US$68,600m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
119.15
3,830,754
US$6,361m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,985m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
472,596
US$760m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
39.75
1,277,936
US$2,090m
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 7.554 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,726.99: No change from yesterday’s data.
The Miners:
United Silver’s (USC.TO) exploration and development plan was the only big story in the gold and silver mining industry making headlines Friday.
WINNERS
1.Solitario
XPL+10.53% $1.47
2.Nevsun
NSU +8.92% $3.54
3.Exeter
XRA +6.98% $2.76
LOSERS
1.Avino
ASM -7.42% $2.12
2.Comstock
LODE-2.67% $1.82
3.Gold Reserve
GRZ -2.59% $3.01
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.
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©Gold Seeker 2012
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure:The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.The author of this report is not a registered financial advisor.Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.Past results are not necessarily indicative of future results.Any statements non-factual in nature constitute only current opinions, which are subject to change.Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
About Chris Mullen