Gold Seeker Closing Report: Gold Edges Lower While Silver Gains
| Close | Gain/Loss |
Gold | $1346.00 | -$2.60 |
Silver | $17.25 | +$0.07 |
XAU | 85.67 | +0.55% |
HUI | 185.25 | +0.50% |
GDM | 644.15 | +0.01% |
JSE Gold | 1106.68 | +12.70 |
USD | 89.87 | +0.25 |
Euro | 123.51 | -0.27 |
Yen | 93.31 | -0.05 |
Oil | $68.29 | -$0.18 |
10-Year | 2.912% | +0.035 |
T-Bond | 143.71875 | -1.21875 |
Dow | 24664.89 | -0.34% |
Nasdaq | 7238.06 | -0.78% |
S&P | 2693.13 | -0.57% |
The Metals:
Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bounced back higher into the close, but it still ended with a loss of 0.19%. Silver climbed up to $17.349 before it fell down to $17.074, but it quickly rebounded and ended with a gain of 0.41%.
Euro gold remained at about EUR1090, platinum lost $2 to $932, and copper fell 3 cents to about $3.14.
Gold and silver equities waffled near unchanged and ended slightly higher.
U.S. Leading Economic Index Rises In Line With Estimates In March Nasdaq
Philly Fed manufacturing index points to continued growth in April MarketWatch
U.S. weekly jobless claims dip in latest week Reuters
The Markets:
Oil edged lower as the U.S. dollar index followed treasury yields higher on inflation worries.
The Dow, Nasdaq, and S&P fell on poor earnings reports.
Among the big names making news in the market today were Apple, Philip Morris, Facebook, Alibaba, and Nike.
GATA Posts:
Ecuador is getting realistic and practical about exploiting its mineral wealth
Iran switches from dollar to euro as official reporting currency
The Statistics:
As of close of business: 4/18/2018
Gold Warehouse Stocks: | 9,050,142.470 | -803.75 |
Silver Warehouse Stocks: | 261,727,404.079 | -198,277.93 |
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$37,536m |
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$5,970m |
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$6,589m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$483m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 284.14: +0.54 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday's data.
SEMAFO's (SMF.TO) mine construction, Randgold's (GOLD) workers' strike, Gold Resource's (GORO) maiden mineral reserve, First Majestic's (AG) first quarter production, and Excellon's (EXN.TO) first quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +7.23% $4.30 |
2. Gold Resource | GORO +5.92% $5.19 |
3. Taseko | TGB +5.43% $1.36 |
LOSERS
1. Alamos | AGI -2.80% $5.55 |
2. Agnico Eagle | AEM -2.38% $44.39 |
3. Sandstorm | SAND -1.66% $4.73 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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