Gold dropped $6.10 to $1220.20 at about 8:45AM EST before it popped up to $1226.90 shortly after the fed's statement, but it then chopped back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $14.385 and ended with a loss of 0.89%.
Euro gold rose above 1077, platinum lost $5 to $868, and copper dropped a penny to about $2.73.
Gold and silver equities waffled near unchanged and ended slightly lower.
Text of November FOMC statement MarketWatch
Oil fell nearly 2% on signs of rising output from several large producers.
The U.S. dollar index extended higher and treasuries erased brief gains after the fed confirmed its gradual rate hike policy.
The Dow, Nasdaq, and S&P traded mostly lower on concerns about the full impacts of higher interest rates.
As of close of business: 11/7/2018
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF's]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbrse (Deutsche Brse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbrse (Deutsche Brse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.471 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.52: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,139.92: No change from yesterday's data.
Alio Gold's (ALO) third quarter results, Golden Star's (GSS) analyst and investor visit, and Hecla's (HL) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
1. Gold Standard
GSV +4.17% $1.50
CDE +2.46% $4.99
3. Pan American
PAAS +2.43% $14.35
1. Americas Silver
2. Tahoe Resources
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
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.