-- Published: Tuesday, 3 July 2018 | Print | Disqus
Please Note: US markets are closed tomorrow for Independence Day.
| Close | Gain/Loss |
Gold | $1252.90 | +$12.70 |
Silver | $16.01 | +$0.16 |
XAU | 82.87 | +2.17% |
HUI | 177.08 | +2.07% |
GDM | 626.20 | +1.68% |
JSE Gold | 1072.39 | +12.19 |
USD | 94.57 | -0.42 |
Euro | 116.64 | +0.42 |
Yen | 90.55 | +0.28 |
Oil | $74.14 | +$0.20 |
10-Year | 2.829% | -0.035 |
T-Bond | 145.4375 | +0.6875 |
Dow | 24174.82 | -0.54% |
Nasdaq | 7502.67 | -0.86% |
S&P | 2713.22 | -0.49% |
The Metals:
Gold chopped near unchanged in Asia, but it then climbed steadily higher throughout trade in London and New York and ended near its noontime EST high of $1256.90 with a gain of 1.02%. Silver rose to as high as $16.037 and ended with a gain of 1.01%.
Euro gold climbed above €1074, platinum gained $25 to $838, and copper dropped 2 cents to about $2.91.
Gold and silver equities rose roughly 2% at the open and remained near that level for the rest of the day.
The Economy:
Home prices make the biggest jump in four years CNBC
U.S. factory orders increase, equipment spending cooling Reuters
Trade War Hangs Over U.S. Job Market Set for More Gains in June Bloomberg
The Markets:
Oil ended slightly higher in mixed trade on supply uncertainty.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P ultimately ended notably lower after China said it will keep the yuan stable, though weakness in tech companies was largely blamed for the late session stock selloff.
Among the big names making news in the market today were Tesla, Glencore, Facebook, Ford, and Deutsche Bank.
GATA Posts:
Comex doesn't reflect physical gold market, Swiss Asia Capital's Kiener says
Hugo Salinas Price: The end of the Petroleum Age
The Statistics:
As of close of business: 7/2/2018
Gold Warehouse Stocks: | 8,564,639.524 | - |
Silver Warehouse Stocks: | 276,702,727.194 | -9,807.14 |
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 | 809.313 | 26,020,237 | US$32,559m |
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$5,578m |
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$6,162m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$450m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 9.723 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.04: -0.62 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,072.40: +42.59 change from yesterday’s data.
The Miners:
Newmont’s (NEM) commercial production declaration, Sandstorm’s (SAND) second quarter sales, and Sibanye’s (SBGL) reduced output forecast were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Yamana | AUY +6.25% $3.06 |
2. Coeur | CDE +5.33% $7.90 |
3. Americas Silver | USAS +5.28% $3.19 |
LOSERS
1. Taseko | TGB -6.42% $1.02 |
2. Great Panther | GPL -3.42% $1.13 |
3. Eurasian | EMX -2.86% $1.02 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 3 July 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
