-- Published: Thursday, 30 August 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1200.20 | -$6.10 |
Silver | $14.56 | -$0.20 |
XAU | 66.40 | -1.77% |
HUI | 143.65 | -1.81% |
GDM | 520.80 | -1.50% |
JSE Gold | 971.70 | -6.42 |
USD | 94.65 | +0.08 |
Euro | 116.75 | -0.34 |
Yen | 90.18 | +0.55 |
Oil | $70.25 | +$0.74 |
10-Year | 2.865% | -0.014 |
T-Bond | 144.96875 | +0.375 |
Dow | 25986.92 | -0.53% |
Nasdaq | 8088.36 | -0.26% |
S&P | 2901.13 | -0.44% |
The Metals:
Gold fell $5.80 to $1200.50 in Asia before it bounced back to $1206.70 in London and then plunged down to $1196.50 by a little before 10AM EST, but it then chopped back higher into the close and ended with a loss of just 0.51%. Silver slipped to as low as $14.515 and ended with a loss of 1.36%.
Euro gold fell to about €1028, platinum lost $3.50 to $790, and copper fell 4 cents to about $2.67.
Gold and silver equities fell roughly 2% at the open and remained near that level for the rest of the day.
The Economy:
Consumers keep on spending in July, pushing key inflation gauge to 6-year high MarketWatch
Trump: 'More good news' coming for those who have 'made a fortune' in markets CNBC
U.S. consumer spending increases strongly; inflation rising Reuters
Jobless claims scraping lows not seen since 1969 MarketWatch
Tomorrow brings Chicago PMI and Consumer sentiment.
The Markets:
Oil gained over 1% on concerns about Iran.
The U.S. dollar index rose along with treasuries on renewed worries about the U.S.-Chinese trade dispute that sent the Dow, Nasdaq, and S&P lower.
Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say Bloomberg
Among the big names making news in the market today were Electronic Arts, Stryker, Ciena, Signet, and Campbell Soup.
GATA Posts:
World is ganging up against the dollar, Rickards says
Argentina raises interest rate to 60% after currency resumes slide
Petro cryptocurrency is harder to find in Venezuela than toilet paper
The Statistics:
As of close of business: 8/29/2018
Gold Warehouse Stocks: | 8,430,566.702 | - |
Silver Warehouse Stocks: | 292,986,402.335 | +747,030.65 |
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 | 759.869 | 24,430,550 | US$29,241m |
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$431m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 263.52: +1.82 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday’s data.
The Miners:
AngloGold’s (AU) resumed operations and Endeavour Silver’s (EXK) updated Pre-Feasibility Study were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. EMX Royalty | EMX +4.35% $1.20 |
2. DRDGOLD | DRD +3.90% $2.13 |
3. Paramount | PZG +3.77% $1.10 |
LOSERS
1. Gold Standard | GSV -5.52% $1.54 |
2. Americas Silver | USAS -5.20% $2.37 |
3. Harmony | HMY -4.07% $1.65 |
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, 30 August 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall with Stocks
