-- Published: Thursday, 25 October 2018 | Print | Disqus
Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.19%. Silver slipped to as low as $14.605 and ended with a loss of 0.34%.
Euro gold climbed to €1082, platinum lost $3.50 to $825, and copper remained at about $2.75.
Gold and silver equities fell roughly 5% by early afternoon and remained near that level for the rest of the day.
Pending home sales snap back in September after 4-month losing streak MarketWatch
U.S. business spending on equipment slowing; goods trade deficit rises Reuters
Jobless claims rise slightly on effects of Hurricane Michael MarketWatch
Tomorrow brings GDP and Consumer sentiment.
Oil rose almost 1% on relief over the stock market’s bounce back from notable losses.
The U.S. dollar index jumped higher as the euro and pound fell after the ECB’s policy update highlighted political risks and failed to emphasize next year’s expected interest rate hike.
Treasuries fell as the Dow, Nasdaq, and S&P cut into yesterday’s losses on mostly better than expected earnings reports.
Among the big names making news in the market today were AMD, American Airlines, Comcast, Anheuser-Busch, Tesla, and Twitter.
Ted Butler: Why the frantic movement of silver at the Comex?
As of close of business: 10/24/2018
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.58: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,275.83: -40.91 change from yesterday’s data.
Gold Resource’s (GORO) dividend, third quarter results from Goldcorp (GG), Newmont (NEM), New Gold (NGD), and Barrick (ABX), and Almaden’s (AAU) assay results were among the big stories in the gold and silver mining industry making headlines today.
FCX +5.14% $11.25
DRD +0.79% $2.54
GG -18.68% $8.49
MUX -7.76% $2.14
PZG -7.67% $1.08
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, 25 October 2018 | E-Mail | Print | Source: GoldSeek.com