Gold Seeker Weekly Wrap-Up: Gold Dips on the Week While Silver Rises Almost 3%
| Close | Gain/Loss | On Week |
Gold | $1335.60 | -$10.40 | -0.65% |
Silver | $17.13 | -$0.12 | +2.94% |
XAU | 85.12 | -0.65% | +1.24% |
HUI | 184.18 | -0.58% | +0.41% |
GDM | 636.70 | -1.27% | -0.32% |
JSE Gold | 1103.42 | -3.26 | -0.97% |
USD | 90.33 | +0.46 | +0.64% |
Euro | 122.89 | -0.62 | -0.41% |
Yen | 93.03 | -0.28 | -0.08% |
Oil | $68.38 | +$0.09 | +1.47% |
10-Year | 2.959% | +0.047 | +4.85% |
Bond | 143.00 | -0.78125 | -1.76% |
Dow | 24462.94 | -0.82% | +0.42% |
Nasdaq | 7146.13 | -1.27% | +0.56% |
S&P | 2670.14 | -0.85% | +0.52% |
The Metals:
Gold fell $11 to $1335.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.77%. Silver slipped to as low as $17.044 and ended with a loss of 0.7%.
Euro gold fell to about EUR1087, platinum lost $8 to $924, and copper remained at about $3.14.
Gold and silver equities fell nearly 2% in the first hour of trade before they chopped back higher into the close, but they still about 1% lower on the day.
Pricey U.S. home sales soar as buyers ignore new tax code Reuters
Global Yield Surge Defies Skepticism on Inflation's Momentum Bloomberg
Fed's Williams sees more rate hikes, not worried on yield curve Reuters
Next week's economic highlights include Existing Home Sales on Monday, S&P Corelogic Case-Shiller HPI, the FHFA House Price Index, New Home Sales, and Consumer Confidence on Tuesday, Initial Jobless Claims, Durable Goods Orders, International Trade in Goods, and Wholesale Inventories on Thursday, and GDP, Chicago PMI, and Consumer Sentiment on Friday.
The Markets:
Oil edged higher after OPEC reported no change to their long-term supply agreements.
The U.S. dollar index rose and treasuries fell as yields climbed higher on inflation concerns.
The Dow, Nasdaq, and S&P dropped roughly 1% on renewed concerns about weakness in tech.
Among the big names making news in the market Friday were Apple, Wells Fargo, SunTrust, and GE.
GATA Posts:
Turkey repatriates its gold reserves from U.S.
The Statistics:
Activity from: 4/19/2018
Gold Warehouse Stocks: | 9,049,885.270 | -257.20 |
Silver Warehouse Stocks: | 261,698,616.224 | -28,787.715 |
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 | 865.889 | 27,839,199 | US$37,206m |
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$5,943m |
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$6,568m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.43: +2.29 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,885.97: -73.25 change from yesterday's data.
Centerra Gold's (CG.TO) extension and Silver Bull's (SVBL) voting results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Turquoise | TRQ +3.59% $3.17 |
2. NovaGold | NG +1.91% $4.81 |
3. Sibanye | SBGL +1.64% $3.71 |
LOSERS
1. Americas Silver | USAS -7.44% $3.98 |
2. Taseko | TGB -5.15% $1.29 |
3. DRDGOLD | DRD -4.26% $2.47 |
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.