-- Published: Thursday, 2 August 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1209.10 | -$7.00 |
Silver | $15.33 | -$0.06 |
XAU | 75.39 | -0.63% |
HUI | 163.31 | -0.69% |
GDM | 584.49 | -0.81% |
JSE Gold | 1071.50 | +3.96 |
USD | 95.15 | +0.50 |
Euro | 115.90 | -0.72 |
Yen | 89.64 | +0.08 |
Oil | $68.96 | +$1.30 |
10-Year | 2.983% | -0.022 |
T-Bond | 142.4375 | +0.21875 |
Dow | 25326.16 | -0.03% |
Nasdaq | 7802.69 | +1.24% |
S&P | 2827.22 | +0.49% |
The Metals:
Gold gained $4.40 to $1220.50 in Asia before it dropped back to $1213.40 in London and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.58%. Silver slipped to as low as $15.288 and ended with a loss of 0.39%.
Euro gold remained at about €1043, platinum gained $7 to $822, and copper dropped a penny to about $2.72.
Gold and silver equities fell in afternoon trade and ended almost 1% lower on the day.
The Economy:
Trade-war fears aren’t really rattling investors, going by these gauges MarketWatch
U.S. factory orders rise for second straight month Reuters
Jobless claims cling near 45-year low MarketWatch
Tomorrow brings July’s jobs data, the Trade deficit, and ISM nonmanufacturing.
The Markets:
Oil rose almost 2% on expectations for falling supplies in the near term.
The U.S. dollar index rose as the pound fell “after Governor Mark Carney said monetary policy needed to ‘walk not run’ and expressed concern about the risks of a cliff-edge Brexit.”
Treasuries edged higher on lingering trade tensions.
The Dow, Nasdaq, and S&P turned mostly higher in afternoon trade on earnings optimism.
Among the big names making news in the market today were Apple, Sonos, Tesla, Blue Apron, Red Robin, Fitbit, Square, and Cisco.
GATA Posts:
In socialist Venezuela, the U.S. dollar becomes king
The Statistics:
As of close of business: 8/1/2018
Gold Warehouse Stocks: | 8,646,495.244 | - |
Silver Warehouse Stocks: | 283,608,775.363 | -60,030.80 |
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 | 796.956 | 25,622,946 | US$31,132m |
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$5,424m |
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$6,007m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
Note: Change in Total Tonnes from yesterday’s data: SPDE subtracted 3.24 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.22: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,246.51: No change from yesterday’s data.
The Miners:
Newmont’s (NEM) partnership with the Project WET Foundation, Vista Gold’s (VGZ) test results, Great Panther’s (GPL) project update, and Coeur’s (CDE) acquisition were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO +8.27% $5.76 |
2. Tahoe Resources | TAHO +3.47% $4.47 |
3. New Gold | NGD +1.60% $1.27 |
LOSERS
1. Endeavour Silver | EXK -11.85% $2.53 |
2. Avino | ASM -7.63% $1.09 |
3. Coeur | CDE -4.41% $6.51 |
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, 2 August 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again
