-- Published: Wednesday, 12 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1206.00 | +$9.80 |
Silver | $14.24 | +$0.12 |
XAU | 64.06 | +3.46% |
HUI | 138.94 | +3.56% |
GDM | 502.32 | +2.71% |
JSE Gold | 997.71 | +18.37 |
USD | 94.83 | -0.36 |
Euro | 116.28 | +0.30 |
Yen | 89.93 | +0.28 |
Oil | $70.37 | +$1.12 |
10-Year | 2.965% | -0.014 |
T-Bond | 143.00 | +0.25 |
Dow | 25998.92 | +0.11% |
Nasdaq | 7954.23 | -0.23% |
S&P | 2888.92 | +0.04% |
The Metals:
Gold chopped between $1192.80 and $1197.50 in Asia, but it then jumped to as high as $1208.50 in New York and ended with a gain of 0.82%. Silver rose to as high as $14.276 and ended with a gain of 0.85%.
Euro gold rose above €1037, platinum gained $11 to $799, and copper climbed 6 cents to about $2.66.
Gold and silver equities rose roughly 3% by midday and remained near that level into the close.
The Economy:
U.S. home refinancing falls to lowest since December 2000: MBA Reuters
Fed's Bullard says labor market has 'some room to run' Reuters
The Fed is trying to finally get back to 'normal' after the crisis CNBC
As Trump embraces more tariffs, U.S. business readies public fight Reuters
Tomorrow brings Weekly jobless claims, CPI, and the budget.
The Markets:
Oil rose nearly 2% after the Energy Information Administration reported that crude inventories fell 5.3 million barrels, gasoline inventories rose 1.3 million barrels, and distillates rose 6.2 million barrels.
The U.S. dollar index fell after signs of progress in trade talks.
Treasuries saw slight gains as the Dow, Nasdaq, and S&P traded mixed on concerns about regulatory risks.
Among the big names making news in the market today were Discovery, Macy’s, Snap, and Bausch Health.
GATA Posts:
Juncker vows to turn euro into reserve currency to rival dollar
U.S. securities law covers cryptocurrencies, judge rules
Putin says Russia and China will reduce use of dollar in trade
The Statistics:
As of close of business: 9/11/2018
Gold Warehouse Stocks: | 8,326,629.530 | -51,426.986 |
Silver Warehouse Stocks: | 293,226,966.199 | -1,804,659.52 |
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 | 745.176 | 23,958,156 | US$28,641m |
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$5,338m |
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$5,903m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.267 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.61: +0.68 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,377.90: No change from yesterday’s data.
The Miners:
Yamana Gold’s (AUY) foreign exchange hedging program and New Gold’s (NGD) new President and Chief Executive Officer were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Hecla | HL +8.89% $2.94 |
2. Alamos | AGI +8.10% $4.54 |
3. Franco-Nevada | FNV +6.5% $62.44 |
LOSERS
1. DRDGOLD | DRD -3.76% $2.05 |
2. Americas Silver | USAS -1.38% $2.15 |
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, 12 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
