Gold Seeker Closing Report: Gold and Silver Drop Further
| Close | Gain/Loss |
Gold | $1251.80 | -$7.10 |
Silver | $16.05 | -$0.25 |
XAU | 79.93 | -0.69% |
HUI | 170.45 | -1.43% |
GDM | 607.67 | -0.74% |
JSE Gold | 1032.87 | +8.41 |
USD | 95.34 | +0.63 |
Euro | 115.56 | -0.91 |
Yen | 90.79 | -0.16 |
Oil | $72.76 | +$2.23 |
10-Year | 2.828% | -0.052 |
T-Bond | 145.21875 | +0.96875 |
Dow | 24117.59 | -0.68% |
Nasdaq | 7445.08 | -1.54% |
S&P | 2699.63 | -0.86% |
The Metals:
Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and ended near its late session low of $1250.90 with a loss of 0.56%. Silver slipped to as low as $15.971 and ended with a loss of 1.53%.
Euro gold rose above EUR1083, platinum lost $12 to $853, and copper dropped 2 cents to about $2.98.
Gold and silver equities chopped lower throughout trade and ended with about 1% losses on the day.
Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices Reuters
Pending-home sales slide to a 4-month low as supply dries up MarketWatch
U.S. business spending on equipment softening; trade gap shrinking Reuters
Tomorrow brings Weekly jobless claims and GDP.
The Markets:
Oil gained over 3% after the Energy Information Administration reported that crude inventories fell 9.9 million barrels, gasoline inventories rose 1.2 million barrels, and distillates were unchanged.
The U.S. dollar index climbed higher as the euro fell on Brexit concerns.
Treasuries rose as the Dow, Nasdaq, and S&P erased morning gains and ended notably lower on mixed comments about policy surrounding trade tensions with China.
Among the big names making news in the market today were Tesla, GE, Lyft, Disney-Fox, and Conagra and Pinnacle Foods.
GATA Posts:
China think tank warns of potential 'financial panic'
The Statistics:
As of close of business: 6/26/2018
Gold Warehouse Stocks: | 8,792,733.209 | -1,480.152 |
Silver Warehouse Stocks: | 275,290,274.536 | -106,913.17 |
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 | 824.634 | 26,512,800 | US$33,253m |
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$5,567m |
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$6,154m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 4.42 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.02: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,933.22: No change from yesterday's data.
WINNERS
1. Americas Silver | USAS +6.40% $3.16 |
2. Freeport | FCX +4.00% $16.90 |
3. Gold Standard | GSV +3.85% $1.35 |
LOSERS
1. Sibanye | SBGL-10.36%$2.25 |
2. Paramount | PZG -4.69% $1.22 |
3. Taseko | TGB -4.46% $1.07 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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