-- Published: Wednesday, 6 June 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1297.10 | +$0.60 |
Silver | $16.68 | +$0.19 |
XAU | 83.38 | +0.40% |
HUI | 178.88 | +0.12% |
GDM | 627.82 | +0.69% |
JSE Gold | 1031.20 | +5.57 |
USD | 93.66 | -0.25 |
Euro | 117.72 | +0.55 |
Yen | 90.80 | -0.36 |
Oil | $64.73 | -$0.79 |
10-Year | 2.972% | +0.052 |
T-Bond | 143.40625 | -0.90625 |
Dow | 25146.39 | +1.40% |
Nasdaq | 7689.24 | +0.67% |
S&P | 2772.35 | +0.86% |
The Metals:
Gold chopped between $1299.40 and $1294.20 in Asia and London before it climbed to a new session high of $1301.60 by a little after 10AM EST and then drifted back lower into the close, but it still ended with a gain of 0.05%. Silver rose to as high as $16.73 and ended with a gain of 1.15%.
Euro gold fell to about €1103, platinum gained $3 to $903, and copper climbed 7 cents to about $3.27.
Gold and silver equities held near unchanged and ended slightly higher.
The Economy:
U.S. first-quarter productivity revised to 0.4 percent Reuters
Rising exports push U.S. trade deficit to seven-month low Reuters
Tomorrow brings Initial Jobless Claims and Consumer Credit.
The Markets:
Oil fell over 1% after The Energy Information Administration reported that crude inventories rose 2.1 million barrels, gasoline inventories rose 4.6 million barrels, and distillates rose 2.2 million barrels.
The U.S. dollar index dropped again as the euro continued to rise on more talk about the ECB ending the central bank’s bond-buying program.
Treasuries fell as the Dow, Nasdaq, and S&P gained roughly 1% on economic optimism.
Among the big names making news in the market today were Jack in The Box, Twitter, Alphabet, Molson Coors, Facebook, and Tesla.
GATA Posts:
Swiss social insurance pension fund drops paper claims, takes gold bars instead
Scotiabank to scrap half its metals business, sources tell Reuters
The Statistics:
As of close of business: 6/5/2018
Gold Warehouse Stocks: | 9,014,904.206 | -0.187 |
Silver Warehouse Stocks: | 270,132,892.125 | -623,124.915 |
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 | 836.126 | 26,882,301 | US$34,947m |
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$5,772m |
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$6,377m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$465m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.294 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 282.60: -2.49 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,032.78: + change from yesterday’s data.
The Miners:
Goldcorp’s (GG) Impacts and Benefits Agreement and Comstock’s (LODE) strategic overview were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos | AGI +3.76% $5.80 |
2. Sibanye | SBGL +3.36% $2.77 |
3. Freeport | FCX +3.12% $18.20 |
LOSERS
1. IAMGOLD | IAG -3.58% $5.92 |
2. Alexco | AXU -2.17% $1.35 |
3. Paramount | PZG -2.17% $1.35 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Wednesday, 6 June 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Higher in Mixed Trade
