-- Published: Thursday, 11 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1222.70 | +$29.60 |
Silver | $14.55 | +$0.25 |
XAU | 69.97 | +6.80% |
HUI | 154.20 | +7.40% |
GDM | 550.29 | +6.40% |
JSE Gold | 1155.96 | +107.41 |
USD | 95.02 | -0.52 |
Euro | 115.98 | +0.75 |
Yen | 89.21 | +0.27 |
Oil | $70.97 | -$2.20 |
10-Year | 3.144% | -0.050 |
T-Bond | 138.71875 | +1.46875 |
Dow | 25052.83 | -2.13% |
Nasdaq | 7329.06 | -1.25% |
S&P | 2728.37 | -2.06% |
The Metals:
Gold held near unchanged for most of the day in Asia, but it then began a steady advance in London, accelerated higher in New York, and ended near its late session high of $1226.10 with a gain of 2.48%. Silver surged to as high as $14.621 and ended with a gain of 1.75%.
Euro gold rose above €1054, platinum lost $2 to $820, and copper climbed 2 cents to about $2.77.
Gold and silver equities rose throughout the day and ended roughly 7% higher.
The Economy:
Trump says the Federal Reserve caused the stock market correction, but he won't fire Chair Powell CNBC
White House adviser Kudlow says Fed remains independent: CNBC Reuters
Trump calls 'loco' Federal Reserve 'too aggressive': Fox interview Reuters
U.S. inflation slows in September, weekly jobless claims rise Reuters
Tomorrow brings Import prices and Consumer sentiment.
The Markets:
Oil lost 3%, the U.S. dollar index dropped, and treasuries rose while the Dow, Nasdaq, and S&P fell markedly at times on an acceleration of yesterday’s risk-off trade.
Among the big names making news in the market today were Square, Bayer, Walgreens, and Tesla.
GATA Posts:
Signs suggest China may tolerate yuan's weakening past 7 per dollar
The Statistics:
As of close of business: 10/10/2018
Gold Warehouse Stocks: | 8,139,361.735 | +3,668.761 |
Silver Warehouse Stocks: | 288,075,010.122 | +153,154.936 |
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 | 738.994 | 23,759,400 | US$28,630m |
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$5,420m |
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$5,974m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.829 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.64: -0.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,354.73: No change from yesterday’s data.
The Miners:
B2Gold’s (BTG) third quarter production, Barrick’s (ABX) third quarter production, Fortuna’s (FSM) third quarter production and rainfall event, and Endeavour Silver’s (EXK) third quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +15.91% $2.04 |
2. Sibanye | SBGL +13.67% $3.16 |
3. AngloGold | AU +9.75% $9.68 |
LOSER
1. Fortuna | FSM -2.58% $4.15 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 11 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Jump 2% Higher While Stocks Fall Further
