-- Published: Wednesday, 2 January 2019 | Print | Disqus
| Close | Gain/Loss |
Gold | $1283.00 | +$0.80 |
Silver | $15.51 | +$0.04 |
XAU | 70.94 | +0.40% |
HUI | 160.71 | +0.08% |
GDM | 586.15 | -0.39% |
JSE Gold | 1397.58 | +21.83 |
USD | 96.79 | +0.65 |
Euro | 113.44 | -1.15 |
Yen | 91.69 | +0.46 |
Oil | $46.54 | +$1.13 |
10-Year | 2.655% | -0.028 |
T-Bond | 146.96875 | +0.96875 |
Dow | 23346.24 | +0.08% |
Nasdaq | 6665.94 | +0.46% |
S&P | 2510.03 | +0.13% |
The Metals:
Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $1278.90 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $15.607 and ended with a gain of 0.26%.
Euro gold rose above €1130, platinum lost $3.50 to $789.50, and copper dropped 3 cents to about $2.61.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Chinese manufacturing had an even worse December than expected, more data show CNBC
The first economic data from December is in and it shows trouble CNBC
With global growth in question, 10-year yield hits 11-month low Reuters
U.S. manufacturers expand at slowest pace in 15 months as business confidence wanes, IHS Markit finds MarketWatch
Why the jobs report will continue to be produced even though it relies on the shutdown Census Bureau MarketWatch
Tomorrow brings ADP employment, Weekly jobless claims, and ISM manufacturing.
The Markets:
Oil climbed 2.5% “amid signs that Middle Eastern producers were fulfilling a pledge to cut exports.”
The U.S. dollar index found notable gains as the pound and euro fell on lack of progress in Brexit talks.
Treasuries rose on heightened global growth concerns after a new round economic reports failed to live up to expectations.
The Dow, Nasdaq, and S&P fell markedly at the open before they reversed to find gains by early afternoon, but they then fell back off again into the close and ended just modestly higher as worries about global economic growth lingered.
Among the big names making news in the market today were Google, GM, GW Pharma, and Tesla.
GATA Posts:
Key Fed yield gauge points to rate cuts for first time since 2008
What if nobody cares about market rigging? Do you?
U.S. Mint's American Eagle 2018 gold, silver coin sales at 11-year lows
Indian government ponders ending hostility to gold
What states are doing to offer more currency competition
The Statistics:
As of close of business: 12/31/2018
Gold Warehouse Stocks: | 8,434,261.646 | - |
Silver Warehouse Stocks: | 293,250,284.348 | -651,011.56 |
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$32,477m |
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$5,706m |
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$6,306m |
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: 280.23: +0.36 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: No change from yesterday’s data.
The Miners:
The Barrick-Randgold Merger and the Pan American-Tahoe Resources merger were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +10.07% $3.17 |
2. Coeur | CDE +7.61% $4.81 |
3. Silvercorp | SVM +5.24% $2.21 |
LOSERS
1. Randgold | GOLD-3.25% $13.10 |
2. Royal Gold | RGLD -1.18% $84.64 |
3. Wheaton | WPM -1.18% $19.30 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2019
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Wednesday, 2 January 2019 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Higher in Mixed Trade
