-- Published: Monday, 6 August 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1207.50 | -$6.00 |
Silver | $15.30 | -$0.12 |
XAU | 75.20 | -1.17% |
HUI | 162.77 | -1.16% |
GDM | 583.25 | -0.75% |
JSE Gold | 1064.64 | -12.65 |
USD | 95.37 | +0.20 |
Euro | 115.54 | -0.17 |
Yen | 89.77 | -0.13 |
Oil | $69.01 | +$0.52 |
10-Year | 2.943% | -0.009 |
T-Bond | 143.125 | +0.15625 |
Dow | 25502.18 | +0.16% |
Nasdaq | 7859.68 | +0.61% |
S&P | 2850.40 | +0.35% |
The Metals:
Gold dropped $6.10 to $1207.40 in London before it bounced back towards unchanged in morning New York trade, but it then fell back off into the close and ended with a loss of 0.49%. Silver slipped to as low as $15.29 and ended with a loss of 0.78%.
Euro gold fell to about €1045, platinum lost $7 to $822, and copper dropped 3 cents to about $2.72.
Gold and silver equities drifted lower in afternoon trade and ended roughly 1% lower on the day.
The Economy:
Renewed U.S. sanctions target Iran's economy, Tehran cool on talks Reuters
Trump Restores Iran Sanctions as Rouhani Feels Economic Pressure Bloomberg
Warren Buffett's favorite metric suggests some serious pain awaits investors MarketWatch
Tomorrow brings Job openings and Consumer credit.
The Markets:
Oil rose almost 1% on concerns about Iran.
The U.S. dollar index edged up with treasuries while the Dow, Nasdaq, and S&P climbed higher on strong earnings reports.
Among the big names making news in the market today were Newell Brands, Berkshire, Bemis, Pepsi, SeaWorld, and Linde.
GATA Posts:
Iranians hoard gold ahead of renewed U.S. sanctions
Egon von Greyerz at KWN: Terror of 2008 will return but much worse
The Statistics:
As of close of business: 8/3/2018
Gold Warehouse Stocks: | 8,641,419.507 | - |
Silver Warehouse Stocks: | 286,399,719.906 | +298,164.513 |
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 | 794.895 | 25,556,664 | US$30,902m |
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$433m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.061 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.16: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,274.31: +32.18 change from yesterday’s data.
The Miners:
WINNERS
1. Great Panther | GPL +2.78% $1.11 |
2. Silvercorp | SVM +2.17% $2.83 |
3. Paramount | PZG +1.79% $1.14 |
LOSERS
1. Pretivm | PVG -3.97% $7.75 |
2. Alexco | AXU -3.23% $1.20 |
3. Eurasian | EMX -3.13% $1.24 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 6 August 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again
