-- Published: Thursday, 6 December 2018 | Print | Disqus
Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asia today and then climbed up to a new session high of $1244.30 by midmorning in New York, but it then drifted back lower into the close and ended with a gain of just 0.01% from Tuesday’s close. Silver slipped to as low as $14.351 and ended with a loss of 0.28%.
Euro gold fell to about €1088, platinum lost $13 to $787, and copper remained at about $2.75.
Gold and silver equities rose nearly 2% in the first hour of trade before they chopped back to see losses by midafternoon, but they then bounced back higher into the close and ended with slight gains.
Fed may signal 'wait-and-see' approach after Dec. rate increase - WSJ CNBC
Fed still likely to raise interest rates in December, economists say - even as stock market gyrates MarketWatch
U.S. trade deficit hits 10-year high; private hiring slows Reuters
ISM services index registers second-strongest reading in 13 years MarketWatch
U.S. factory orders post largest drop in more than a year Reuters
Jobless claims fall to 231,000 after Thanksgiving, but still near 5-month high MarketWatch
U.S. productivity growth in 3rd quarter raised to 2.3% from 2.2% MarketWatch
Tomorrow brings November’s jobs data, Wholesale inventories, and Consumer sentiment.
Oil dropped almost 3% after OPEC delayed announcing any kind of decision over possible output cuts.
The U.S. dollar index remained lower while treasuries erased notable gains as the Dow, Nasdaq, and S&P saw significant losses on increased trade tensions that raised global growth concerns for much of the day, but those losses were mostly erased after the WSJ reported that the fed may “signal a ‘wait-and-see’ approach after a probable hike to the central bank’s overnight rate at its meeting later this month.”
Among the big names making news in the market today were Deutsche Bank, Apple, Lyft, Wells Fargo, Huawei, and Sears.
With inflation, central banks guarantee rising gold price, von Greyerz tells 'Keiser Report'
Sudan becomes second leading gold producer in Africa on backs of artisanal miners
Brandon White: Arctic trails, winter gales, and gold's secret tales
Univision quotes Bullion Star's Manly on expropriation of Venezuelan gold
As of close of business: 12/5/2018
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: 272.17: +0.42 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,001.40: -4.16 change from yesterday’s data.
Pretivm’s (PVG) exploration and resource drilling update, Newmont’s (NEM) 2019 outlook, Comstock’s (LODE) permit extension, Sandstorm’s (SAND) increased credit facility, and Barrick’s (ABX) asset sales were among the big stories in the gold and silver mining industry making headlines today.
AEM +4.52% $38.35
AU +3.33% $10.85
GOLD +1.95% $83.63
DRD -5.66% $2.00
TRQ -3.83% $1.76
FCX -3.04% $11.15
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, 6 December 2018 | E-Mail | Print | Source: GoldSeek.com