-- Published: Wednesday, 8 August 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1213.50 | +$3.30 |
Silver | $15.42 | +$0.06 |
XAU | 74.39 | +0.31% |
HUI | 160.51 | +0.27% |
GDM | 578.03 | +0.24% |
JSE Gold | 1054.15 | -3.56 |
USD | 95.10 | -0.09 |
Euro | 116.15 | +0.15 |
Yen | 90.06 | +0.32 |
Oil | $66.94 | -$2.23 |
10-Year | 2.963% | -0.010 |
T-Bond | 142.65625 | +0.0625 |
Dow | 25583.75 | -0.18% |
Nasdaq | 7888.33 | +0.06% |
S&P | 2657.70 | -0.03% |
The Metals:
Gold gained $5.30 to $1215.50 in Asia before it dropped back to $1206.60 in London, but it then bounced back higher in New York trade and ended with a gain of 0.27%. Silver chopped between $15.454 and $15.283 and ended with a gain of 0.39%.
Euro gold climbed back above €1045, platinum lost $5.50 to $829, and copper remained at about $2.74.
Gold and silver equities waffled near unchanged and ended slightly higher.
The Economy:
Home prices rise at the fastest pace in more than four years, defying expectations of a pullback MarketWatch
How India, China and EU weigh in on US' sanctions on Iran Times of India
Fed’s Barkin says interest rates need to rise to ‘normal’ levels MarketWatch
Tomorrow brings Weekly jobless claims, PPI, and Wholesale inventories.
The Markets:
Oil fell over 3% after the Energy Information Administration reported that crude inventories fell just 1.351 million barrels, gasoline inventories rose 2.9 million barrels, and distillates rose 1.2 million barrels.
The U.S. dollar index erased early gains and ended lower while treasuries turned higher on heightened trade war concerns that held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market today were Tesla, Walmart, CVS, New York Times, Mylan, Glencore, and Novo Nordisk.
GATA Posts:
Robert Lambourne: BIS gold market intervention increased by 17% in July
The Statistics:
As of close of business: 8/7/2018
Gold Warehouse Stocks: | 8,641,419.507 | - |
Silver Warehouse Stocks: | 285,834,301.731 | -271,540.358 |
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 | 787.532 | 25,319,952 | US$30,612m |
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 1.178 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: -0.46 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,215.81: -58.5 change from yesterday’s data.
The Miners:
Yamana’s (AUY) new President and Chief Executive Officer and Gold Fields’ (GFI) first half earnings per share were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +3.09% $1.67 |
2. Eldorado | EGO +2.91% $1.06 |
3. B2Gold | BTG +2.49% $2.47 |
LOSERS
1. Endeavour Silver | EXK -4.37% $2.41 |
2. Alio Gold | ALO -3.15% $1.23 |
3. Great Panther | GPL -2.83% $1.03 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 8 August 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Higher in Mixed Trade
