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Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 3 August 2018 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1213.50

+$4.40

-0.79%

Silver

$15.42

+$0.09

-0.45%

XAU

76.09

+0.92%

-0.91%

HUI

164.68

+0.84%

-0.59%

GDM

587.59

+0.51%

-0.90%

JSE Gold

1077.29

+5.79

+4.42%

USD

95.17

+0.02

+0.54%

Euro

115.71

-0.19

-0.76%

Yen

89.90

+0.26

-0.30%

Oil

$68.49

-$0.47

-0.29%

10-Year

2.952%

-0.031

-0.20%

Bond

142.96875

+0.53125

+0.07%

Dow

25462.58

+0.54%

+0.05%

Nasdaq

7812.01

+0.12%

+0.96%

S&P

2840.35

+0.46%

+0.76%

 
http://www.goldseek.com/news/2018/2018-08-03_14-01-44.jpg

 

The Metals:

 

Gold dipped $4.40 to $1204.70 in Asia before it climbed up to $1220.00 by late morning in New York and then drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $15.549 and ended with a gain of 0.59%.

 

Euro gold climbed above €1048, platinum gained $7 to $829, and copper climbed 3 cents to about $2.75.

 

Gold and silver equities rose roughly 2% in the first 90 minutes of trade before they fell back off into the close, but they still ended with modest gains on the day.

 

The Economy:

 

Services sector activity misses expectations in July, but still shows expansion  CNBC

U.S. gains 157,000 jobs in July as unemployment falls to 3.9%  MarketWatch

U.S. trade gap widens amid Trump's tariff battle  CNBC

 

The Markets:

 

Oil fell almost 1% on signs of growing global production.

 

The U.S. dollar index chopped near unchanged while treasuries rose along with the Dow, Nasdaq, and S&P on positive earnings reports.

 

Among the big names making news in the market Friday were Take-Two, Groupon, Kraft Heinz, Deutsche Bank, AIG, and Dish.

 

GATA Posts:

 

 

Up to the Yukon, in search of his grandfather's gold

Gold set for violent spike up, Maguire tells KWN

Ambrose Evans-Pritchard: China playing with fire in battle with Trump

Investors want Australian gold producers to buy their U.S. rivals

 

The Statistics:

Activity from: 8/2/2018

Gold Warehouse Stocks:

8,641,419.507

-5,075.737

Silver Warehouse Stocks:

286,101,555.393

+2,492,780.03

 

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$31,153m

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$435m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.16: -0.06 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,242.13: -0.38 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Silvercorp

SVM +5.73% $2.77

2.  Alexco

AXU +4.20% $1.24

3.  Eurasian

EMX +4.07% $1.28

 

LOSERS

1.  Alamos

AGI -4.04% $5.23

2.  DRDGOLD

DRD -3.72% $2.33

3.  Great Panther

GPL -2.70% $1.08

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Friday, 3 August 2018 | E-Mail  | Print  | Source: GoldSeek.com

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