-- Published: Thursday, 12 July 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1247.10 | +$4.90 |
Silver | $15.94 | +$0.14 |
XAU | 81.11 | +0.16% |
HUI | 174.82 | +0.17% |
GDM | 616.94 | +0.43% |
JSE Gold | 1055.99 | -16.37 |
USD | 94.78 | +0.04 |
Euro | 116.73 | -0.02 |
Yen | 88.89 | -0.38 |
Oil | $70.33 | -$0.05 |
10-Year | 2.849% | +0.009 |
T-Bond | 145.34375 | -0.125 |
Dow | 24924.89 | +0.91% |
Nasdaq | 7823.92 | +1.39% |
S&P | 2798.29 | +0.87% |
The Metals:
Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended with a gain of 0.39%. Silver rose to as high as $15.989 and ended with a gain of 0.89%.
Euro gold rose above €1068, platinum gained $12 to $839, and copper climbed 3 cents to about $2.77.
Gold and silver equities rose roughly 1% by late morning before they drifted back lower, but they still ended with modest gains.
The Economy:
U.S. Budget Deficit Jumps in First Nine Months of Fiscal Year Bloomberg
Home prices are high. What could cool them down? Usatoday
U.S. inflation steadily firming; labor market strong Reuters
Consumer inflation hits 6-year high, CPI shows MarketWatch
Tomorrow brings Consumer sentiment.
The Markets:
Oil ended slightly lower after “the International Energy Agency hinted at an coming slowdown in crude demand and revealed an uptick in global supplies.”
The U.S. dollar index traded mixed on steady economic data.
Treasuries edged lower as the Dow, Nasdaq, and S&P gained roughly 1% on expectations for strong earnings reports.
Among the big names making news in the market today were CVS-Aetna, J.P. Morgan, Sky, Netflix, Tesla, Broadcom, and Intel.
GATA Posts:
Former Barclays trader found guilty of rigging interest rate
May's gold output in South Africa falls most since February 2017
The Statistics:
As of close of business: 7/11/2018
Gold Warehouse Stocks: | 8,658,102.481 | -96,453.00 |
Silver Warehouse Stocks: | 280,469,576.137 | +936,836.11 |
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 | 799.018 | 25,689,236 | US$32,002m |
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$5,542m |
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$6,125m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.07: -0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,130.93: +17.55 change from yesterday’s data.
The Miners:
Freeport’s (FCX) Heads of Agreement and Excellon’s (EXN.TO) second quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE +2.61% $8.27 |
2. Hecla | HL +2.05% $3.49 |
3. Eldorado | EGO +1.90% $1.07 |
LOSERS
1. Sibanye | SBGL -3.31% $2.34 |
2. Alio Gold | ALO -2.68% $1.45 |
3. Americas Silver | USAS -2.57% $3.03 |
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, 12 July 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain with Stocks
