-- Published: Wednesday, 28 March 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1325.70 | -$18.60 |
Silver | $16.29 | -$0.22 |
XAU | 79.64 | -1.97% |
HUI | 172.78 | -1.99% |
GDM | 605.54 | -2.00% |
JSE Gold | 1131.25 | +13.20 |
USD | 90.13 | +0.74 |
Euro | 123.06 | -0.98 |
Yen | 93.56 | -1.44 |
Oil | $64.38 | -$0.87 |
10-Year | 2.773% | -0.008 |
T-Bond | 145.8125 | +0.1875 |
Dow | 23848.42 | -0.04% |
Nasdaq | 6949.23 | -0.85% |
S&P | 2605.00 | -0.29% |
The Metals:
Gold saw slight gains in early Asian trade, but it then fell back off for most of the rest of the day and ended near its late session low of $1323.60 with a loss of 1.38%. Silver slipped to as low as $16.246 and ended with a loss of 1.33%.
Euro gold fell to about €1078, platinum lost $9 to $933, and copper remained at about $3.00.
Gold and silver equities fell over 2% by late morning and remained near that level for the rest of the day.
The Economy:
U.S. pending home sales rise in February Reuters
U.S. Economic Growth Revised Higher on Spending, Inventories Bloomberg
U.S. trade deficit in goods widens slightly in February MarketWatch
Tomorrow brings Initial Jobless Claims, Personal Income and Outlays, Chicago PMI, and Consumer Sentiment.
The Markets:
Oil remained lower after the Energy Information Administration reported that crude inventories rose 1.6 million barrels, gasoline inventories fell 3.5 million barrels, and distillates fell 2.1 million barrels.
The U.S. dollar index jumped higher as the yen fell markedly after news of a meeting between North Korean and Chinese officials reduced geopolitical fears.
Treasuries rose again as the Dow, Nasdaq, and S&P continued to struggle with the regulatory outlook for technology companies.
Among the big names making news in the market today were Tesla, Facebook, Netflix, Walgreens, and Amazon.
GATA Posts:
As trade war heats up, biggest currency whales make their move
The Statistics:
As of close of business: 3/27/2018
Gold Warehouse Stocks: | 9,060,591.220 | - |
Silver Warehouse Stocks: | 260,035,227.533 | +535,510.09 |
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 | 846.119 | 27,203,556 | US$36,236m |
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$5,903m |
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$6,525m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$476m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.179 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 270.34: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) founder passing, Gold Fields’ (GFI) Integrated Annual Report, and Freeport’s (FCX) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +1.43% $1.42 |
2. Buenaventura | BVN +1.09% $14.81 |
3. Hecla | HL +0.84% $3.60 |
LOSERS
1. Turquoise | TRQ -7.08% $3.02 |
2. Tahoe Resources | TAHO -6.56% $4.56 |
3. Alexco | AXU -6.43% $1.31 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 28 March 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1%
