-- Published: Thursday, 19 July 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1222.90 | -$4.90 |
Silver | $15.32 | -$0.23 |
XAU | 79.00 | -1.46% |
HUI | 170.63 | -0.89% |
GDM | 601.61 | -0.96% |
JSE Gold | 1001.98 | -8.33 |
USD | 95.22 | +0.13 |
Euro | 116.41 | -0.08 |
Yen | 89.00 | +0.26 |
Oil | $69.46 | +$0.70 |
10-Year | 2.839% | -0.044 |
T-Bond | 145.34375 | +0.625 |
Dow | 25064.50 | -0.53% |
Nasdaq | 7825.30 | -0.37% |
S&P | 2804.49 | -0.40% |
The Metals:
Gold dropped $16 to $1211.80 in London before it spiked up to $1228.70 in early afternoon New York trade after Trump said he’s “not happy” about the Fed raising interest rates, but it then chopped back lower into the close and ended with a loss of 0.4%. Silver slipped to as low as $15.177 and ended with a loss of 1.48%.
Euro gold fell back under €1051, platinum lost $10.50 to $804.50, and copper dropped 6 cents to about $2.70.
Gold and silver equities fell about 1% at the open before they jumped back higher at times, but they ultimately ended near their lows of the session.
The Economy:
Trump says he’s ‘not happy’ with Fed raising interest rates MarketWatch
Trump lays into the Fed, says he's 'not thrilled' about interest rate hikes CNBC
Leading indicators up slightly more than expected in June CNBC
Mortgage rates tick down, but can borrowers seize the opportunity? MarketWatch
Philly Fed Index Rebounds More Than Expected In July Nasdaq
U.S. weekly jobless claims drop to more than 48-and-a-half-year low Reuters
There are no major economic reports due out tomorrow.
The Markets:
Oil gained 1% “on the heels of news that Saudi Arabia’s OPEC governor expects the kingdom’s crude exports to fall next month in an effort to avoid oversupplying the market.”
The U.S. dollar index initially erased all of its significant early advance after Trump’s fed comments, but it then bounced back higher into the close and ended slightly higher on the day.
Treasuries jumped higher on Trump’s dovish fed thoughts.
The Dow, Nasdaq, and S&P fell on disappointing earnings reports and trade concerns.
Among the big names making news in the market today were Wells Fargo, IBM, eBay, Tilray, Comcast, and AbbVie.
GATA Posts:
Venezuela refining gold in Turkey to avoid sanctions
Moscow mystery: Where did all its Treasuries go?
The Statistics:
As of close of business: 7/18/2018
Gold Warehouse Stocks: | 8,661,381.883 | +3,279.402 |
Silver Warehouse Stocks: | 279,954,224.592 | -61,821.024 |
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 | 794.010 | 25,528,228 | US$31,075m |
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$5,405m |
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$5,973m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 263.38: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,164.59: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) resource development and Paramount Gold’s (PZG) approval were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +4.14% $4.53 |
2. Gold Standard | GSV +3.25% $1.59 |
3. Seabridge | SA +2.56% $12.00 |
LOSERS
1. Freeport | FCX -7.49% $15.80 |
2. Hecla | HL -6.09% $3.24 |
3. Americas Silver | USAS -4.69% $2.64 |
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, 19 July 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall with Stocks
