-- Published: Wednesday, 5 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1197.00 | +$3.60 |
Silver | $14.19 | +$0.03 |
XAU | 63.07 | -0.58% |
HUI | 136.24 | -0.79% |
GDM | 498.82 | -1.02% |
JSE Gold | 1020.68 | +11.44 |
USD | 95.13 | -0.27 |
Euro | 116.32 | +0.44 |
Yen | 89.74 | -0.05 |
Oil | $68.72 | -$1.15 |
10-Year | 2.900% | +0.008 |
T-Bond | 143.15625 | +0.03125 |
Dow | 25974.99 | +0.09% |
Nasdaq | 7995.17 | -1.19% |
S&P | 2888.60 | -0.28% |
The Metals:
Gold held near unchanged in Asia before it climbed up to $1198.00 in morning New York trade and then drifted back lower at times, but it still ended with a gain of 0.3%. Silver rose to as high as $14.231 and ended with a gain of 0.21%.
Euro gold dropped to about €1029, platinum gained $11 to $777, and copper climbed 2 cents to about $2.61.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Fed's Bullard makes case again for halting interest rate rises Reuters
U.S. Trade Gap Widens Most Since 2015; China Deficit Hits Record Bloomberg
Weekly mortgage applications are stuck in a rut as rates rise CNBC
Tomorrow brings ADP employment, Weekly jobless claims, Productivity, Unit labor costs, Markit services PMI, ISM nonmanufacturing, and Factory orders.
The Markets:
Oil fell almost 2% after tropical storm Gordon had little impact on operations in the Gulf of Mexico.
The U.S. dollar index fell as the euro and pound rose “after the British and German governments were said to have abandoned key Brexit demands to potentially ease the path for the U.K. to strike a deal with the European Union.”
Treasuries saw decent gains as the Dow, Nasdaq, and S&P traded mostly lower “on concerns stemming from U.S. lawmakers grilling Twitter and Facebook executives over foreign efforts to tilt U.S. politics.”
Among the big names making news in the market today were GE, Fox, and Bayer.
GATA Posts:
GoldMoney's Macleod, interviewed on 'Keiser Report,' envisions a gold-backed yuan
The Statistics:
As of close of business: 9/4/2018
Gold Warehouse Stocks: | 8,388,696.107 | -44,045.629 |
Silver Warehouse Stocks: | 295,357,407.659 | +660,875.644 |
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 | 746.915 | 24,014,062 | US$28,726m |
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$5,317m |
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$5,875m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$429m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 8.243 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.25: +0.73 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,259.67: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) lifted lock-out, Zijin’s take-over bid for Nevsun (NSU), Great Panther’s (GPL) project update, and Golden Minerals’ (AUMN) positive Preliminary Economic Assessment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +17.91% $4.41 |
2. Harmony | HMY +4.73% $1.77 |
3. Sibanye | SBGL +4.45% $2.58 |
LOSERS
1. Yamana | AUY -3.83% $2.51 |
2. Pretivm | PVG -3.62% $7.71 |
3. IAMGOLD | IAG -3.06% $3.80 |
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, 5 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Higher
