-- Published: Wednesday, 16 May 2018 | Print | Disqus
Gold gained $4.30 to $1296.80 in Asia before it dropped back to $1286.50 in London and then bounced back higher in New York, but it still ended with a loss of 0.16%. Silver edged up to $16.342 before it fell back to $16.187, but it then climbed to new session highs into the close and ended with a gain of 0.55%.
Euro gold rose to about €1093, platinum lost $12 to $886, and copper climbed a couple of cents to about $3.07.
Gold and silver equities waffled near unchanged and ended mixed.
U.S. manufacturing output rises; past months revised lower Reuters
Housing starts drop 3.7% in April but stick near 11-year high MarketWatch
Fed's Bostic Says Job Is to Prevent Inversion of Yield Curve Bloomberg
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators.
Oil turned slightly higher after the Energy Information Administration reported that crude inventories fell 1.4 million barrels, gasoline inventories fell 3.8 million barrels, and distillates fell 92,000 barrels.
The U.S. dollar index traded mostly higher as the euro fell following “reports that a likely future Italian government would seek debt forgiveness from European creditors.”
Treasuries traded mixed as the Dow, Nasdaq, and S&P mostly rose on decent economic data and surprisingly positive results from Macy’s.
Among the big names making news in the market today were Netflix, Amazon, and Macy’s.
LBMA suspends Russian precious metals refinery from 'good delivery' lists
China's holdings of U.S. Treasuries rise to a 5-month high
As of close of business: 5/15/2018
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) AND Mexico Stock Exchange (BMV)
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
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 292.08: -0.62 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,940.41: No change from yesterday’s data.
Randgold’s (GOLD) grant of awards to directors, Yamana Gold’s (AUY) first quarter production, Avino’s (ASM) first quarter results, and MAG Silver’s (MAG) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
1. Gold Resource
GORO +5.98% $5.67
FCX +4.26% $16.64
TGB +2.56% $1.20
ASM -4.90% $1.36
HMY -3.78% $1.78
SA -2.80% $10.40
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, 16 May 2018 | E-Mail | Print | Source: GoldSeek.com