Gold Seeker Closing Report: Gold and Silver Edge Back Lower
| Close | Gain/Loss |
Gold | $1198.50 | -$4.70 |
Silver | $14.65 | -$0.02 |
XAU | 66.15 | -1.24% |
HUI | 144.36 | -1.36% |
GDM | 524.34 | -0.87% |
JSE Gold | 1035.69 | -10.23 |
USD | 95.78 | +0.32 |
Euro | 115.15 | -0.40 |
Yen | 87.49 | -0.49 |
Oil | $76.41 | +$1.18 |
10-Year | 3.158% | +0.102 |
T-Bond | 138.6875 | -1.8125 |
Dow | 26828.39 | +0.20% |
Nasdaq | 8025.09 | +0.32% |
S&P | 2925.51 | +0.07% |
The Metals:
Gold saw slight gains in Asia and chopped near unchanged in London before it dropped down to $1197.00 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $14.622 and ended with a loss of 0.14%.
Euro gold remained at about EUR1041, platinum lost $2 to $827, and copper climbed 2 cents to about $2.82.
Gold and silver equities fell roughly 1% in the first 30 minutes of trade and remained near that level for the rest of the day.
ISM non-manufacturing index hits 61.6 in September, vs. 58 estimate CNBC
'Rip-roaring hot' jobs market sees private payrolls surge by 230,000, highest since February CNBC
Federal Reserve prepares for next crisis, bets it will begin like the last Reuters
Tomorrow brings Weekly jobless claims and Factory orders.
The Markets:
Oil rose nearly 2% despite a rise in inventories as concerns about Iran escalated after "U.S. Secretary Mike Pompeo announced Wednesday that the United States is terminating the 1955 Treaty of Amity, its economic agreement with Iran."
The U.S. dollar index rose on strong economic data that sent treasuries markedly lower and the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Aston Martin, eBay, Honda and GM, VistaGen, Tempur Sealy, and Upwork.
GATA Posts:
Peter Coy: The tyranny of the U.S. dollar
The Statistics:
As of close of business: 10/2/2018
Gold Warehouse Stocks: | 8,331,477.474 | +787.508 |
Silver Warehouse Stocks: | 288,463,158.039 | -1,197,266.025 |
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 | 737.818 | 23,721,572 | US$28,484m |
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$5,323m |
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$5,883m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$431m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 2.354 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.54: -0.05 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,354.72: -4.19 change from yesterday's data.
WINNERS
1. NovaGold | NG +3.43% $3.92 |
2. EMX Royalty | EMX +3.25% $1.27 |
3. B2Gold | BTG +1.67% $2.43 |
LOSERS
1. Endeavour Silver | EXK -2.98% $2.28 |
2. AngloGold | AU -2.94% $8.59 |
3. Royal Gold | RGLD-2.90%$76.41 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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