Gold Seeker Closing Report: Gold and Silver Gain While Dollar Dips
| Close | Gain/Loss |
Gold | $1296.50 | +$4.70 |
Silver | $16.49 | +$0.09 |
XAU | 83.05 | +1.06% |
HUI | 178.67 | +0.97% |
GDM | 623.77 | +0.53% |
JSE Gold | 1025.63 | +18.59 |
USD | 93.91 | -0.14 |
Euro | 117.17 | +0.19 |
Yen | 91.16 | +0.03 |
Oil | $65.52 | +$0.77 |
10-Year | 2.920% | -0.023 |
T-Bond | 144.375 | +0.25 |
Dow | 24799.98 | -0.06% |
Nasdaq | 7637.86 | +0.41% |
S&P | 2748.80 | +0.07% |
The Metals:
Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $16.53 and ended with a gain of 0.55%.
Euro gold rose to about EUR1107, platinum gained $1 to $900, and copper climbed 7 cents to about $3.20.
Gold and silver equities rose roughly 1% by midday and remained near that level into the close.
U.S. job openings hit record high of 6.7 million in April Reuters
Service Industries in U.S. Expand at Faster Rate Than Forecast Bloomberg
Tomorrow brings International Trade and Productivity.
The Markets:
Oil closed over 1% higher in mixed trade on continued uncertainty about OPEC's future policy.
The U.S. dollar index erased early gains and ended modestly lower as the euro turned higher "following reports that the European Central Bank would discuss an exit from its quantitative easing program next week."
Treasuries found slight gains as the Dow, Nasdaq, and S&P traded mixed on economic and tariff concerns.
Among the big names making news in the market today were Apple, Starbucks, and Deutsche Bank.
GATA Posts:
Christopher Belding: China is rigging all currency and asset prices ...
The Statistics:
As of close of business: 6/04/2018
Gold Warehouse Stocks: | 9,014,904.393 | -257.20 |
Silver Warehouse Stocks: | 270,756,017.040 | -819,169.55 |
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 | 836.420 | 26,891,754 | US$34,731m |
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$5,760m |
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$6,365m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$465m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 285.09: -0.99 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,032.78: +16.23 change from yesterday's data.
B2Gold's (BTG) solar power plant, Seabridge Gold's (SA) drilling, IAMGOLD's (IAG) Pre-feasibility Study, and Nevsun's (NSU) exploration decline were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +11.93% $1.22 |
2. Eldorado | EGO +5.50% $1.15 |
3. Alexco | AXU +4.55% $1.38 |
LOSERS
1. Harmony | HMY -3.53% $1.64 |
2. DRDGOLD | DRD -1.11% $2.67 |
3. Eurasian | EMX -0.86% $1.15 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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