-- Published: Monday, 31 December 2018 | Print | Disqus
Please Note: US markets are closed tomorrow for New Year’s Day.
| Close | Gain/Loss |
Gold | $1282.20 | +$2.20 |
Silver | $15.47 | +$0.10 |
XAU | 70.66 | +1.41% |
HUI | 160.58 | +1.54% |
GDM | 588.56 | +1.55% |
JSE Gold | 1375.75 | +7.84 |
USD | 96.14 | -0.24 |
Euro | 114.59 | +0.12 |
Yen | 91.23 | +0.39 |
Oil | $45.41 | +$0.08 |
10-Year | 2.683% | -0.036 |
T-Bond | 146.125 | +0.59375 |
Dow | 23327.46 | +1.15% |
Nasdaq | 6635.28 | +0.77% |
S&P | 2506.85 | +0.85% |
The Metals:
Gold gained $4.10 to $1284.10 in London before it dipped back under unchanged a few times in New York, but it ultimately bounced back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $15.51 and ended with a gain of 0.65%.
Euro gold rose above €1119, platinum gained $5 to $793, and copper fell 4 cents to about $2.64.
Gold and silver equities fell roughly 1% at the open, but they then reversed to find gains by late morning and ended about 1.5% higher on the day.
The Economy:
House Democrats have reportedly prepared spending bills to end shutdown CNBC
U.S. companies repatriate over half a trillion dollars in 2018, but pace slows Reuters
U.S. House Democrats manoeuvre to end shutdown, without Trump wall money Reuters
Wednesday brings Markit manufacturing PMI.
The Markets:
Oil ended slightly higher on signs of progress in trade talks.
The U.S. dollar index fell on growing risk appetite that sent treasuries higher along with the Dow, Nasdaq, and S&P.
Among the big names making news in the market today were Apple, Epic Games, and Tesla.
GATA Posts:
Gold will rise as stock market bubble is pricked, Sprott says
Ed Steer's Gold and Silver Digest letter for Saturday posted at GoldSeek
Deutsche Bank is strong, has no need for state aid or merger, chairman says
U.S. dollar's share of currency reserves nears 5-year low, IMF says
The Statistics:
As of close of business: 12/28/2018
Gold Warehouse Stocks: | 8,434,261.646 | +65,594.894 |
Silver Warehouse Stocks: | 293,901,295.908 | +1,272,542.90 |
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 | 787.669 | 25,324,339 | US$32,446m |
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$5,702m |
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$6,301m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$460m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 279.87: +0.24 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: No change from yesterday’s data.
The Miners:
Nevsun’s (NSU) appointments as directors to the board and Turquoise Hill’s (TRQ) signing of the Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +7.20% $2.83 |
2. Harmony | HMY +7.19% $1.79 |
3. Seabridge | SA +5.84% $13.23 |
LOSERS
1. Freeport | FCX -1.53% $10.31 |
2. McEwen | MUX -1.09% $1.82 |
3. DRDGOLD | DRD -0.95% $2.08 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 31 December 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain with Stocks
