-- Published: Tuesday, 2 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1203.20 | +$13.60 |
Silver | $14.67 | +$0.18 |
XAU | 66.98 | +2.82% |
HUI | 146.35 | +3.58% |
GDM | 528.82 | +2.46% |
JSE Gold | 1045.92 | +49.63 |
USD | 95.46 | +0.18 |
Euro | 115.55 | -0.23 |
Yen | 87.98 | +0.12 |
Oil | $75.23 | -$0.07 |
10-Year | 3.056% | -0.037 |
T-Bond | 140.46875 | +0.50 |
Dow | 26773.94 | +0.46% |
Nasdaq | 7999.55 | -0.47% |
S&P | 2923.43 | -0.04% |
The Metals:
Gold saw modest gains in Asia before it dipped back to $1189.20 in London, but it then jumped to as high as $1208.30 in late morning New York trade and ended with a gain of 1.14%. Silver rose to as high as $14.908 and ended with a gain of 1.24%.
Euro gold climbed above €1041, platinum gained $10 to $829, and copper climbed 2 cents to about $2.80.
Gold and silver equities rose roughly 3% by midday and remained near that level for the rest of the day.
The Economy:
Fed's Jerome Powell doesn't expect low unemployment rate to cause inflation spike MarketWatch
U.S. believes it has the upper hand in China trade negotiations with Nafta deal done MarketWatch
Defiant Italy says no turning back on budget despite EU 'threats' Reuters
Hurricanes batter September U.S. new car sales Reuters
Tomorrow brings ADP employment, ISM nonmanufacturing, and more fedspeak.
The Markets:
Oil ended slightly lower ahead of tomorrow’s inventory data.
The U.S. dollar index rose along with treasuries on renewed concerns about Italy.
The Dow, Nasdaq, and S&P waffled near unchanged on mixed company news and fed comments.
Among the big names making news in the market today were Stitch Fix, Facebook, Amazon, and PepsiCo.
GATA Posts:
Don't take our word for it, GATA secretary says -- Examine the documentation yourself
Ronan Manly: LBMA clearing and vaulting data reveal the absurdity of London 'gold' market
The Statistics:
As of close of business: 10/1/2018
Gold Warehouse Stocks: | 8,330,689.966 | - |
Silver Warehouse Stocks: | 289,660,424.064 | -64,552.00 |
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 | 740.172 | 23,797,272 | US$28,659m |
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$5,354m |
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$5,919m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.06 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.59: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,358.91: No change from yesterday’s data.
The Miners:
Golden Star’s (GSS) completed strategic investment by La Mancha, Paramount’s (PZG) exploration program, Excellon’s (EXN.TO) exploration results, Hecla’s (HL) increased holdings in Dolly Varden, and Newmont’s (NEM) award were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +7.09% $2.72 |
2. Pretivm | PVG +5.61% $8.09 |
3. Gold Standard | GSV +5.49% $1.73 |
LOSERS
1. Silvercorp | SVM -2.49% $2.35 |
2. DRDGOLD | DRD -1.22% $2.43 |
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, 2 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
