-- Published: Tuesday, 18 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1198.40 | -$2.10 |
Silver | $14.15 | -$0.02 |
XAU | 65.40 | +0.70% |
HUI | 141.20 | +0.45% |
GDM | 511.68 | +0.31% |
JSE Gold | 1045.58 | +15.79 |
USD | 94.62 | +0.12 |
Euro | 116.68 | -0.20 |
Yen | 89.18 | -0.16 |
Oil | $69.85 | +$0.94 |
10-Year | 3.054% | +0.061 |
T-Bond | 141.40625 | -1.00 |
Dow | 26246.96 | +0.71% |
Nasdaq | 7956.11 | +0.76% |
S&P | 2904.31 | +0.54% |
The Metals:
Gold dipped $4.60 to $1195.90 in Asia before it climbed up to $1203.50 in early New York trade and then drifted back lower into the close, but it ended with a loss of just 0.17%. Silver chopped between $14.072 and $14.229 and ended with a loss of 0.14%.
Euro gold remained at €1027, platinum gained $14 to $811, and copper climbed 7 cents to about $2.71.
Gold and silver equities waffled near unchanged and ended slightly higher.
The Economy:
Home builder confidence stalls as tariffs bite MarketWatch
China says Trump forces its hand, will retaliate against new U.S. tariffs Reuters
Mortgage lenders may again lower standards as applications drop, former CitiMortgage CEO says MarketWatch
Tomorrow brings Housing starts, Building permits, and the Current account deficit.
The Markets:
Oil gained over 1% on talk that Saudi Arabia is now comfortable with Brent oil prices rising above $80 a barrel.
The U.S. dollar index ended slightly higher in mixed trade on trade uncertainty.
Treasuries fell on increased confidence in rising interest rates.
The Dow, Nasdaq, and S&P rose on thoughts that trade disruptions will not impact world economic growth.
Among the big names making news in the market today were Audi, Oracle, Visa, Mastercard, and Viking Therapeutics.
GATA Posts:
South African unions sign three-year contract with AngloGold
The Statistics:
As of close of business: 9/17/2018
Gold Warehouse Stocks: | 8,270,816.984 | -60,956.706 |
Silver Warehouse Stocks: | 293,784,832.882 | +447,080.145 |
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 | 742.527 | 23,872,975 | US$28,647m |
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$5,328m |
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$5,886m |
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: 265.72: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) drill results, Alamos Gold’s (AGI) VP appointment, Golden Star’s (GSS) Special Meeting results, Eldorado Gold’s (EGO) Application for Payment, Silver Bear’s (SBR.TO) amended facilities agreement, and Excellon’s (EXN.TO) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +6.79% $1.73 |
2. Buenaventura | BVN +2.35% $12.61 |
3. Freeport | FCX +2.11% $14.01 |
LOSERS
1. IAMGOLD | IAG -2.58% $3.77 |
2. New Gold | NGD -1.83% $1.07 |
3. Fortuna | FSM -1.82% $4.32 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 18 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower
