-- Published: Friday, 16 March 2018 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1313.60 | -$2.90 | -0.75% |
Silver | $16.33 | -$0.06 | -1.51% |
XAU | 78.70 | -0.14% | -0.25% |
HUI | 171.16 | -0.24% | -1.02% |
GDM | 598.50 | -0.3% | -0.81% |
JSE Gold | 1050.82 | -17.12 | -6.73% |
USD | 90.21 | +0.06 | +0.09% |
Euro | 122.87 | -0.18 | -0.17% |
Yen | 94.32 | +0.21 | +0.67% |
Oil | $62.34 | +$1.15 | +0.48% |
10-Year | 2.845% | +0.020 | -1.79% |
Bond | 145.46875 | -0.34375 | +0.98% |
Dow | 24946.51 | +0.29% | -1.54% |
Nasdaq | 7481.99 | +0.00% | -1.04% |
S&P | 2752.01 | +0.17% | -1.24% |
The Metals:
Gold gained $5.20 to $1321.70 in London before it fell back to $1309.70 at about 11AM EST, but it then chopped back higher into the close and ended with a loss of just 0.22%. Silver waffled between $16.496 and 16.207 and ended with a loss of 0.37%.
Euro gold fell to about €1069, platinum lost $2 to $948, and copper dropped a penny to about $3.10.
Gold and silver equities fell over 1% by midmorning, but they then rallied to roughly unchanged by midday and remained near that level into the close.
The Economy:
Job openings hit record high at start of 2018 MarketWatch
Consumer Sentiment in U.S. Jumps to 14-Year High After Tax Cuts Bloomberg
U.S. industrial output rises on gains in manufacturing, mining Reuters
U.S. Housing Starts Cooled in February After Robust January Bloomberg
Next week’s economic highlights include Existing Home Sales and a FOMC Meeting Announcement and Press Conference on Wednesday, Initial Jobless Claims, the FHFA House Price Index, and Leading Indicators on Thursday, and Durable Goods Orders and New Home Sales on Friday.
The Markets:
Oil rose almost 2% on geopolitical uncertainty.
The U.S. dollar index ended with a modest gain in mixed trade and treasuries edged lower as the Dow, Nasdaq, and S&P traded mostly higher on steady economic data.
Among the big names making news in the market Friday were Overstock, Aramco, Goldman Sachs, Caterpillar, DHL, and Johnson & Johnson.
GATA Posts:
Mike Kosares: Gold's relationship to interest rates isn't so simple
The Statistics:
Activity from: 3/15/2018
Gold Warehouse Stocks: | 9,075,254.780 | - | |
Silver Warehouse Stocks: | 256,917,531.482 | +992,269.24 | |
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) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 838.154 | 26,947,496 | US$35,298m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,829m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,447m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$471m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.424 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.74: +0.69 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,922.39: No change from yesterday’s data.
The Miners:
WINNERS
1. Silvercorp | SVM +4.28% $2.68 |
2. Gold Resource | GORO +3.37% $4.60 |
3. Fortuna | FSM +2.16% $4.72 |
LOSERS
1. Alexco | AXU -4.93% $1.35 |
2. Harmony | HMY -4.48% $2.13 |
3. New Gold | NGD -2.95% $2.30 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 16 March 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
