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Gold Seeker Closing Report: Gold and Silver Close Mixed with Stocks
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Gold Seeker Closing Report: Gold and Silver Gain with Stocks
By: Chris Mullen, Gold Seeker Report

 -- Published: Tuesday, 7 August 2018 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1210.20

+$2.70

Silver

$15.36

+$0.06

XAU

74.16

-1.38%

HUI

160.08

-1.65%

GDM

576.38

-1.19%

JSE Gold

1057.71

-6.93

USD

95.19

-0.18

Euro

116.00

+0.46

Yen

89.74

-0.03

Oil

$69.17

+$0.12

10-Year

2.973%

+0.030

T-Bond

142.5625

-0.6875

Dow

25628.91

+0.50%

Nasdaq

7883.66

+0.31%

S&P

2858.45

+0.28%

 
http://www.goldseek.com/news/2018/2018-08-07_14-37-20.jpg

 

The Metals:

 

Gold gained $8.60 to $1216.10 by a little after 6AM EST before it chopped back towards unchanged by midafternoon in New York, but it then edged back up into the close and ended with a gain of 0.22%. Silver rose to as high as $15.485 and ended with a gain of 0.39%.

 

Euro gold fell under €1044, platinum gained $12.50 to $834.50, and copper climbed 2 cents to about $2.74.

 

Gold and silver equities fell in afternoon trade and ended over 1% lower on the day.

 

The Economy:

 

New Trump sanctions on Iran take effect despite pleas from allies  Reuters

One reason why wages aren't rising faster: The gutting of middle-manager positions  MarketWatch

Job openings inch up in June to third-highest level on record  MarketWatch

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

Oil edged higher on continued concerns about Iran.

 

The U.S. dollar index fell as the pound and euro bounced back on easing Brexit concerns.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on economic optimism.

 

Among the big names making news in the market today were Bitcoin, Twilio, Domino's Pizza, Tesla, Zillow, Mallinckrodt, and Dean Foods.

 

GATA Posts:

 

 

Ronan Manly: Videos conceal LBMA's true purpose, controlling gold for central banks

 

The Statistics:

As of close of business: 8/6/2018

Gold Warehouse Stocks:

8,641,419.507

-

Silver Warehouse Stocks:

286,105,842.089

-293,877.817

 

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

788.710

25,357,825

US$30,729m

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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 6.185 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: No change from yesterday’s data.

 

The Miners:

 

New Gold’s (NGD) filed technical report, Taseko’s (TGB) second quarter results, Nevsun’s (NSU) filed technical report, Fortuna’s (FSM) construction update, and Hecla’s (HL) continued discoveries were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +2.55% $2.41

2.  Nevsun

NSU +2.47% $3.74

3.  Gold Standard

GSV +1.86% $1.64

 

LOSERS

1.  New Gold

NGD -8.33% $1.21

2.  Fortuna

FSM -6.37% $5.00

3.  Alio Gold

ALO -5.93% $1.27

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

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 -- Published: Tuesday, 7 August 2018 | E-Mail  | Print  | Source: GoldSeek.com

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