-- Published: Tuesday, 11 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1196.20 | +$0.70 |
Silver | $14.12 | -$0.05 |
XAU | 61.92 | -0.01% |
HUI | 134.16 | +0.13% |
GDM | 489.62 | -0.21% |
JSE Gold | 979.34 | -30.81 |
USD | 95.19 | +0.03 |
Euro | 115.98 | +0.01 |
Yen | 89.65 | -0.32 |
Oil | $69.25 | +$1.71 |
10-Year | 2.979% | +0.042 |
T-Bond | 142.75 | -0.75 |
Dow | 25971.06 | +0.44% |
Nasdaq | 7972.47 | +0.61% |
S&P | 2887.89 | +0.37% |
The Metals:
Gold edged up to $1197.20 in Asia before it chopped down to $1187.90 in early New York trade, but it then rallied back higher into the close and ended near its late session high of $1197.80 with a gain of 0.06%. Silver slipped to as low as $13.942 before it also bounced back, but it still ended with a loss of 0.35%.
Euro gold rose above €1032, platinum gained $6.50 to $788, and copper edged down to $2.60.
Gold and silver equities fell over 2% at the open, but they then climbed back higher for most of the rest of trade and ended near unchanged.
The Economy:
July wholesale inventories revised slightly down CNBC
U.S. budget deficit widens to fifth-highest ever, CBO reports MarketWatch
U.S. job openings climb to record 6.9 million MarketWatch
Small-business owners more optimistic than ever, NFIB credits Trump economic policies MarketWatch
Tomorrow brings PPI and fedspeak.
The Markets:
Oil rose nearly 3% on worries about Hurricane Florence.
The U.S. dollar index remained firm on trade concerns.
Treasuries fell as the Dow, Nasdaq, and S&P rose in afternoon trade on renewed strength in tech.
Among the big names making news in the market today were Juul, Apple, Sonos, and Ericsson.
GATA Posts:
China seeks advice from Wall Street bankers and Barrick Chairman Thornton
Precious metals derivatives soar, so who ARE those guys?
IMF's former chief economist couldn't be more naive
The Statistics:
As of close of business: 9/10/2018
Gold Warehouse Stocks: | 8,378,056.516 | -707.30 |
Silver Warehouse Stocks: | 295,031,625.719 | -1,204,808.24 |
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 | 745.443 | 23,966,736 | US$28,503m |
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$5,300m |
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$5,858m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$430m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 263.93: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,377.90: +29.23 change from yesterday’s data.
The Miners:
IAMGOLD’s (IAG) drill results and Pretivm’s (PVG) amended report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +2.90% $3.55 |
2. Yamana | AUY +2.11% $2.42 |
3. Gold Resource | GORO +2.07% $4.94 |
LOSERS
1. Americas Silver | USAS -2.68% $2.18 |
2. Coeur | CDE -2.36% $5.39 |
3. Franco-Nevada | FNV -2.10% $58.87 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Tuesday, 11 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slips
