Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% and 2% on the Week
| Close | Gain/Loss | On Week |
Gold | $1252.50 | +$4.30 | -1.39% |
Silver | $16.09 | +$0.09 | -2.25% |
XAU | 81.59 | +2.21% | -0.50% |
HUI | 174.52 | +2.35% | -1.36% |
GDM | 620.96 | +1.91% | +0.35% |
JSE Gold | 1059.76 | +35.81 | -0.64% |
USD | 94.57 | -0.75 | +0.02% |
Euro | 116.79 | +1.13 | +0.14% |
Yen | 90.37 | -0.12 | -0.83% |
Oil | $74.15 | +$0.70 | +8.12% |
10-Year | 2.855% | +0.015 | -1.38% |
Bond | 144.90625 | -0.0625 | +0.63% |
Dow | 24271.41 | +0.23% | -1.26% |
Nasdaq | 7510.30 | +0.09% | -2.37% |
S&P | 2718.37 | +0.08% | -1.33% |
The Metals:
Gold edged up to $1252.80 in Asia before it chopped back to $1248.60 in midmorning New York trade, but it then jumped to a new session high of $1255.60 at about 1PM EST and ended with a gain of 0.34%. Silver rose to as high as $16.155 and ended with a gain of 0.56%.
Euro gold fell to about EUR1072, platinum gained $3.50 to $850, and copper remained at about $2.95.
Gold and silver equities rose roughly 2% by midday and remained near that level into the close.
U.S. core PCE price index hits 2 percent; spending slows Reuters
Mortgage rates slump as trade fears weigh on a housing market that's running dry MarketWatch
Tariff fears put a small dent in consumer sentiment for June MarketWatch
Next week's economic highlights include Markit manufacturing PMI, the ISM manufacturing index, and Construction spending on Monday, Factory orders on Tuesday, ADP employment, Weekly jobless claims, Markit services PMI, the ISM nonmanufacturing index, and FOMC minutes on Thursday, and June's jobs data and Foreign trade in goods on Friday.
The Markets:
Oil rose almost 1% again on continued concerns about more sanctions on Iran.
The U.S. dollar index fell as the euro climbed markedly higher "after European Union leaders reached a deal over the divisive issue of refugees, removing some political risk that had been hanging over the shared currency."
Treasuries traded mixed while the Dow, Nasdaq, and S&P ended with modest gains on upbeat company news and forecasts.
Among the big names making news in the market Friday were Xiaomi, Deutsche Bank, Constellation Brands, Nike, and Walmart.
GATA Posts:
Rebel investors return former executives of Petropavlovsk
GATA Chairman Murphy interviewed for Reluctant Preppers
The Statistics:
Activity from: 6/28/2018
Gold Warehouse Stocks: | 8,564,639.524 | -402.43 |
Silver Warehouse Stocks: | 275,910,654.561 | +542,920.313 |
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 | 820.509 | 26,380,182 | US$32,976m |
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$5,560m |
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$6,143m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.178 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 269.42: -2.09 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,965.42: +32.20 change from yesterday's data.
WINNERS
1. Nevsun | NSU +7.76% $3.47 |
2. Turquoise | TRQ +5.97% $2.84 |
3. AngloGold | AU +4.45% $8.21 |
LOSERS
1. DRDGOLD | DRD -2.31% $2.54 |
2. Gold Resource | GORO-1.20% $6.59 |
3. Eurasian | EMX -0.97% $1.02 |
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:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
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.