Gold rose over 2% to $1600.90 by a little before 8AM EST before it fell back to $1583.05 by midmorning in New York, but it then rallied back higher into the close and ended with a gain of 1.96%.Silver rose to as high as $29.92 before it slipped back to $29.285, but it still ended with a gain of 2.38%.
Euro gold rose to about €1225, platinum gained $13.20 to $1413.70, and copper rose 7 cents to about $3.34.
Gold and silver equities rose nearly 3% in the first half hour of trade before they fell back off a bit midday, but they still ended with almost 2% gains.
Gold Rout Means Traders Least Bullish Bloomberg
All of this week’s other economic reports:
Philadelphia Fed - December
Capacity Utilization - November
Industrial Production - November
Net Long-Term TIC Flows - October
Current Account Balance - Q3
Empire Manufacturing - December
PPI - November
Core PPI - November
Initial Claims - 12/10
Export Prices - Nov
Export Prices ex-ag. - Nov
Import Prices - Nov
Import Prices ex-oil - Nov
MBA Mortgage Index - 12/10
Business Inventories - October
Retail Sales -November
Retail Sales ex-auto -November
Treasury Budget - November
Next week’s economic highlights include the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, Existing Home Sales on Wednesday, Initial Jobless Claims, GDP, Michigan Sentiment, Leading Economic Indicators, and the FHFA Housing Price Index on Thursday, and Durable Goods Orders, Personal Income and Spending, Core PCE Prices, and New Home Sales on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower on persistent worries about Europe.
The U.S. dollar index ended slightly lower in mixed trade as traders debated possible credit downgrades in Europe.
Treasuries rose as the Dow, Nasdaq, and S&P held near unchanged on worries about Europe.
Among the big names making news in the market Friday were Olympus, United Rentals, Adobe, and RIM.
Activity from: 12/15/2011
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
Dubai Gold Securities
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 14.821 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,743.41: -25.71 change from yesterday’s data.
Goldcorp’s (GG) construction permit, Great Basin’s (GBG) operational update, Timberline’s (TLR) fourth quarter and year end results, Jaguar’s (JAG) update on its strategic review process, Fortuna’s (FSM) addition to the S&P/TSX Composite Index, and Hecla’s (HL) rock burst were among the big stories in the gold and silver mining industry making headlines Friday.
AXU +11.77% $7.50
RBY +11.38% $3.62
TRX -5.79% $2.28
LON -5.51% $1.20
TGB -4.85% $2.55
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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