-- Published: Thursday, 4 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1199.30 | +$0.80 |
Silver | $14.58 | -$0.07 |
XAU | 65.93 | -0.34% |
HUI | 144.25 | -0.08% |
GDM | 521.58 | -0.62% |
JSE Gold | 1046.35 | +10.66 |
USD | 95.76 | -0.02 |
Euro | 115.14 | -0.01 |
Yen | 87.86 | +0.37 |
Oil | $74.33 | -$2.08 |
10-Year | 3.190% | +0.032 |
T-Bond | 138.0625 | -0.4375 |
Dow | 26627.48 | -0.75% |
Nasdaq | 7879.51 | -1.81% |
S&P | 2901.61 | -0.82% |
The Metals:
Gold saw slight losses in Asia and held near unchanged in London before it climbed to as high as $1206.70 by late morning in New York and then fell back to $1197.10 by midafternoon, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $14.765 and ended with a loss of 0.48%.
Euro gold climbed to about €1042, platinum lost $5 to $822, and copper fell 5 cents to about $2.77.
Gold and silver equities rose roughly 1% in the first hour of trade before they fell to see nearly 1% losses by early afternoon, but they then rallied back higher in late trade and ended only modestly lower on the day.
The Economy:
US and China at risk of '10- or 20-year' economic cold war: Kevin Warsh CNBC
U.S. weekly jobless claims near 49-year low; factory orders surge Reuters
U.S. weekly jobless claims drop to near 49-year low Reuters
3 reasons why U.S. government bond yields are soaring MarketWatch
Tomorrow brings September’s jobs data, the trade deficit, and consumer credit.
The Markets:
Oil fell nearly 3% on speculation that other major oil producers will make up for supplies that may no longer be exported out of Iran.
The U.S. dollar index held near 11-month highs while treasuries continued to fall on more strong economic data that sent debt yields to new multiyear highs.
The Dow, Nasdaq, and S&P fell markedly on concerns about inflation.
Among the big names making news in the market today were GM, Tesla, Toyota, SoftBank, Barnes & Noble, Eli Lilly, and Campbell Soup.
The Statistics:
As of close of business: 10/3/2018
Gold Warehouse Stocks: | 8,321,639.574 | -9,837.90 |
Silver Warehouse Stocks: | 287,181,945.861 | -1,281,212.178 |
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 | 731.637 | 23,522,860 | US$28,298m |
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$5,899m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$430m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 6.181 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.82: +1.28 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,413.18: +58.46 change from yesterday’s data.
The Miners:
Pretivm’s (PVG) refinanced credit facility was the only big story in the gold and silver mining industry making headlines today.
WINNERS
1. EMX Royalty | EMX +11.02% $1.41 |
2. Pretivm | PVG +5.78% $8.42 |
3. Seabridge | SA +2.64% $13.21 |
LOSERS
1. Buenaventura | BVN-2.86% $13.23 |
2. Paramount | PZG -2.68% $1.09 |
3. Turquoise | TRQ -2.37% $2.06 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 4 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Mixed
