-- Published: Thursday, 7 June 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1296.90 | -$0.20 |
Silver | $16.69 | +$0.01 |
XAU | 82.99 | -0.47% |
HUI | 178.64 | -0.13% |
GDM | 625.19 | -0.45% |
JSE Gold | 1045.86 | +14.66 |
USD | 93.45 | -0.21 |
Euro | 118.00 | +0.28 |
Yen | 91.18 | +0.38 |
Oil | $65.95 | +$1.22 |
10-Year | 2.919% | -0.053 |
T-Bond | 144.375 | +1.125 |
Dow | 25241.41 | +0.38% |
Nasdaq | 7635.07 | -0.70% |
S&P | 2770.37 | -0.07% |
The Metals:
Gold gained $6 to $1303.10 at about 8:30AM EST before it fell back to $1294.90 by midmorning, but it then bounced back higher into the close and ended with a loss of just 0.015%. Silver rose to as high as $16.894 and ended with a gain of 0.06%.
Euro gold fell to about €1099, platinum lost $7 to $896, and copper remained at about $3.27.
Gold and silver equities held near unchanged and ended slightly lower.
The Economy:
Consumer Credit in U.S. Posts Smallest Gain in Seven Months Bloomberg
U.S. jobless claims fall unexpectedly as labor market tightens Reuters
Tomorrow brings Wholesale Trade.
The Markets:
Oil gained nearly 2% on renewed supply concerns in Venezuela and Iran.
The U.S. dollar index dropped again as the euro continued to rise ahead of next week’s ECB
Meeting.
Treasuries rose as the Dow, Nasdaq, and S&P traded mixed on geopolitical and trade tensions.
Among the big names making news in the market today were McDonald’s, Tesla, ZTE, Costco, and Altaba.
GATA Posts:
U.S. unilateralism invites world to seek alternative to dollar, Lazard CEO says
Putin tells Europe 'I told you so' about U.S. trade threat
Exploration company Golden Predator mints Yukon-themed gold coins
Mongolia's central bank launches campaign to increase gold reserves
Too much gold around the house? Store it at Texas' new precious metals depository
The Statistics:
As of close of business: 6/6/2018
Gold Warehouse Stocks: | 9,014,904.206 | - |
Silver Warehouse Stocks: | 270,925,126.271 | +792,234.146 |
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 | 832.590 | 26,768,601 | US$34,723m |
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$5,763m |
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$6,372m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$465m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.536 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 281.58: -1.02 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,032.78: No change from yesterday’s data.
The Miners:
Alio Gold’s (ALO) new COO, Bear Creek’s (BCM.V) new directors, and Avino’s (ASM) commissioned mill were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | RGB +5.60% $1.32 |
2. Americas Silver | USAS +2.87% $3.58 |
3. First Majestic | AG +2.61% $7.47 |
LOSERS
1. Harmony | HMY -3.64% $1.59 |
2. Eurasian | EMX +2.56% $1.14 |
3. Alio Gold | ALO +2.44% $1.60 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 7 June 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Hold Near Unchanged
