-- Published: Wednesday, 18 April 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1348.60 | +$1.30 |
Silver | $17.18 | +$0.41 |
XAU | 85.21 | +1.19% |
HUI | 184.34 | +0.92% |
GDM | 643.88 | +0.60% |
JSE Gold | 1093.98 | +29.74 |
USD | 89.62 | +0.12 |
Euro | 123.78 | +0.03 |
Yen | 93.36 | -0.27 |
Oil | $68.47 | +$1.95 |
10-Year | 2.877% | +0.037 |
T-Bond | 144.84375 | -1.1875 |
Dow | 24748.07 | -0.16% |
Nasdaq | 7295.24 | +0.19% |
S&P | 2708.64 | +0.08% |
The Metals:
Gold fell $5 to $1342.30 in Asia before it climbed up to $1355.60 in late morning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.1%. Silver rose to as high as $17.256 before it also fell back off, but it still ended with a gain of 2.44%.
Euro gold rose to about €1090, platinum gained $3 to $934, and copper climbed 8 cents to about $3.17.
Gold and silver equities rose roughly 2% at the open before they fell back off in afternoon trade, but they still ended about 1% higher on the day.
The Economy:
Fed's Beige Book finds widespread concerns about new and proposed trade tariffs MarketWatch
Investors Are Getting Worried About an Inverted Yield Curve Bloomberg
Fed's Dudley warns small banks to rethink risks of higher rates Reuters
Global debt has reached a record high, IMF says, and three countries are to blame MarketWatch
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators.
The Markets:
Oil gained almost 3% after the Energy Information Administration reported that crude inventories fell 1.1 million barrels, gasoline inventories fell 3.0 million barrels, and distillates fell 3.1 million barrels.
The U.S. dollar index edged higher as the Canadian dollar slipped after the Bank of Canada left rates unchanged and the pound fell on disappointing inflation data.
Treasuries dropped as the Dow, Nasdaq, and S&P traded mostly higher on mixed earnings reports.
Among the big names making news in the market today were Morgan Stanley, Nike, Tesla, Southwest Airlines, and IBM.
GATA Posts:
IMF sounds alarm on excessive global borrowing
The Statistics:
As of close of business: 4/17/2018
Gold Warehouse Stocks: | 9,050,946.220 | -803.75 |
Silver Warehouse Stocks: | 261,925,682.009 | -1,265,331.47 |
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 | 865.889 | 27,839,199 | US$37,616m |
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$6,000m |
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$6,632m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$484m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 283.60: +1.35 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday’s data.
The Miners:
B2Gold’s (BTG) drill results, Turquoise Hill’s (TRQ) first quarter production, and Endeavour Silver’s (EXK) management appointments were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +12.41% $1.54 |
2. Taseko | TGB +7.50% $1.29 |
3. Sibanye | SBGL +6.23% $3.58 |
LOSERS
1. Seabridge | SA -0.93% $10.60 |
2. Newmont | NEM -0.70% $41.09 |
3. Paramount | PZG -0.65% $1.54 |
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, 18 April 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Surges Over 2%
