Gold Seeker Closing Report: Gold Rises and Silver Gains Nearly 1%
| Close | Gain/Loss |
Gold | $1337.30 | +$4.30 |
Silver | $16.50 | +$0.14 |
XAU | 81.05 | -0.60% |
HUI | 175.74 | -1.04% |
GDM | 613.89 | -0.36% |
JSE Gold | 1111.01 | -7.05 |
USD | 89.84 | -0.26 |
Euro | 123.21 | +0.38 |
Yen | 93.71 | +0.10 |
Oil | $63.42 | +$1.36 |
10-Year | 2.780% | +0.003 |
T-Bond | 146.09375 | +0.0625 |
Dow | 23979.10 | +0.19% |
Nasdaq | 6950.34 | +0.51% |
S&P | 2613.16 | +0.33% |
The Metals:
Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late session high of $1337.90 with a gain of 0.32%. Silver rose to as high as $16.552 and ended with a gain of 0.86%.
Euro gold rose to about EUR1086, platinum gained $18 to $931, and copper climbed 3 cents to about $3.07.
Gold and silver equities fell nearly 2% in the first 45 minutes of trade before they climbed back to about unchanged by early afternoon, but they then drifted back lower into the close and ended with modest losses on the day.
U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates Bloomberg
U.S. budget deficit to balloon on Republican tax cuts: CBO Reuters
Have we learned anything from the recession, 10 years later? MarketWatch
China blames U.S for trade frictions, says negotiations currently impossible Reuters
Tomorrow brings PPI and Wholesale Trade.
The Markets:
Oil rose over 2% and the Dow, Nasdaq, and S&P ended modestly higher on easing trade tensions, but lingering political concerns erased much of the day's gains by the close.
The U.S. dollar index fell and treasuries rose ahead of this week's economic data.
Among the big names making news in the market today were Monsanto, Viacom, Facebook, Novartis, Merck, and GM.
GATA Posts:
Trump's 'America first' puts dollar last, Deutsche Bank analyst says
Russia would dump dollar and euro in oil trade with Turkey and Iran
Venezuela's kleptocratic regime gives gold, oil industries to military
China studies yuan devaluation as tool in trade dispute
Wall Street Raw Radio's Mark Leibovit interviews GATA's Bill Murphy
The Statistics:
As of close of business: 4/06/2018
Gold Warehouse Stocks: | 9,062,198.720 | - |
Silver Warehouse Stocks: | 263,290,446.415 | -78,608.07 |
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(R) Gold Shares | 859.991 | 27,649,583 | US$36,824m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,919m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,542m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 5.898 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.43: +1.31 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday's data.
Newmont's (NEM) roof collapse, Coeur's (CDE) first quarter 2018 production and sales results, and Endeavour Silver's (EXK) first quarter 2018 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +8.31% $3.65 |
2. Endeavour Silver | EXK +7.02% $2.59 |
3. Fortuna | FSM +4.62% $5.43 |
LOSERS
1. Kinross | KGC -8.59% $3.62 |
2. Sibanye | SBGL -5.01% $3.79 |
3. Harmony | HMY -3.70% $2.34 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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