-- Published: Friday, 18 May 2018 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1291.70 | +$0.70 | -2.06% |
Silver | $16.43 | -$0.01 | -1.44% |
XAU | 82.06 | +0.27% | -2.15% |
HUI | 177.75 | +0.16% | -2.46% |
GDM | 619.01 | -0.25% | -3.27% |
JSE Gold | 1012.82 | -1.17 | -5.19% |
USD | 93.67 | +0.19 | +1.22% |
Euro | 117.68 | -0.28 | -1.47% |
Yen | 90.49 | +0.05 | -1.07% |
Oil | $71.28 | -$0.21 | +0.82% |
10-Year | 3.065% | -0.045 | +3.20% |
Bond | 141.21875 | +0.78125 | -1.40% |
Dow | 24715.09 | +0.00% | -0.47% |
Nasdaq | 7354.34 | -0.38% | -0.66% |
S&P | 2712.97 | -0.26% | -0.54% |
The Metals:
Gold fell $4.90 to $1286.10 at about 9AM ET before it bounced back to $1292.90 in the next couple of hours of trade and then pared back to about unchanged by midday, but it then edged back higher into the close and ended with a gain of 0.05%. Silver dipped down to $16.361 before it rallied back to $16.466, but it then edged back lower in the final minutes of trade and ended with a loss of 0.06%.
Euro gold rose above €1097, platinum lost $4 to $884, and copper fell 2 cents to about $3.06.
Gold and silver equities waffled near unchanged and ended mostly higher.
The Economy:
Mortgage rates reach seven-year high in a housing market reckoning MarketWatch
China denies it has offered a $200 billion package to slash U.S. trade gap Reuters
‘Nowhere near’ close to Nafta deal, U.S. negotiator says MarketWatch
Next week’s economic highlights include New Home Sales and FOMC Minutes on Wednesday, Initial Jobless Claims, the FHFA House Price Index, and Existing Home Sales on Thursday, and Durable Goods Orders and Consumer Sentiment on Friday.
The Markets:
Oil edged lower on profit-taking.
The U.S. dollar index remained firm as the euro fell again on continued concerns about Italy.
Treasuries rose on worries about trade talks that held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market Friday were Applied Materials, Cambridge Analytica, Spotify, and Campbell Soup.
GATA Posts:
Reihan Salam: The downside of the dollar's reserve-currency status
Ambrose Evans-Pritchard: Italy's insurgents enrage Germany and risk ECB payment freeze
The Statistics:
Activity from: 5/17/2018
Gold Warehouse Stocks: | 9,032,390.443 | - |
Silver Warehouse Stocks: | 267,583,315.396 | -53,273.85 |
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 | 856.167 | 27,526,637 | US$35,537m |
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$5,736m |
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$6,341m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 290.58: -0.51 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,013.62: +15.64 change from yesterday’s data.
The Miners:
WINNERS
1. DRDGOLD | DRD +6.34% $2.60 |
2. Americas Silver | USAS +4.58% $3.65 |
3. McEwen | MUX +3.30% $2.19 |
LOSERS
1. Taseko | TGB -4.13% $1.16 |
2. Sibanye | SBGL -2.44% $2.80 |
3. Harmony | HMY -1.11% $1.78 |
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, 18 May 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 2% on the Week
