-- Published: Friday, 13 July 2018 | Print | Disqus
Gold dropped $10.30 to $1236.80 at about 8AM EST before it rebounded in New York, but it still ended with a loss of 0.44%. Silver slipped to as low as $15.692 and ended with a loss of 0.88%.
Euro gold fell to about €1062, platinum lost $13 to $826, and copper remained at about $2.77.
Gold and silver equities traded mostly lower and ended with modest losses.
Consumer sentiment hits six-month low on 'darkening cloud' of tariffs CNBC
China's trade surplus with U.S. hits record as exporters rush to beat tariffs Reuters
Cost of imported goods sink in June, but the price drop won't to last once tariffs kick in MarketWatch
Next week’s economic highlights include Retail sales, Retail sales ex-autos, the Empire state index, and Business inventories on Monday, Industrial production, Capacity utilization, Jerome Powell testimony, and the Home builders' index on Tuesday, Housing starts, Building permits, Jerome Powell testimony, and the fed’s Beige book on Wednesday, and Weekly jobless claims, the Philly Fed, and Leading economic indicators on Thursday.
Oil gained almost 1% on supply concerns in Norway and Iraq.
The U.S. dollar index ended modestly lower on profit taking.
Treasuries edged up on disappointing economic data.
The Dow, Nasdaq, and S&P rose on relief over oil’s rebound.
Among the big names making news in the market Friday were AT&T-Time Warner, Deutsche Bank, JPMorgan, Citigroup, Advaxis, Johnson & Johnson, and Wells Fargo.
David Brady at Sprott Money: China robs Comex of control of gold price
Activity from: 7/12/2018
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.829 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.11: -0.96 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.12: +32.19 change from yesterday’s data.
SVM +2.57% $2.79
PZG +1.67% $1.22
3. First Majestic
AG +1.05% $7.70
SBGL -2.99% $2.27
2. Gold Resource
FCX -2.83% $16.80
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, 13 July 2018 | E-Mail | Print | Source: GoldSeek.com