Gold Seeker Closing Report: Gold and Silver Fall Almost 1% and 2%
| Close | Gain/Loss |
Gold | $1185.50 | -$11.10 |
Silver | $14.50 | -$0.26 |
XAU | 65.30 | -3.15% |
HUI | 141.62 | -2.97% |
GDM | 516.04 | -2.76% |
JSE Gold | 933.96 | +0.14 |
USD | 95.63 | +0.59 |
Euro | 115.42 | -0.62 |
Yen | 89.99 | -0.65 |
Oil | $67.83 | -$0.03 |
10-Year | 2.823% | +0.007 |
T-Bond | 145.65625 | +0.1875 |
Dow | 25656.98 | -0.30% |
Nasdaq | 7878.46 | -0.13% |
S&P | 2856.98 | -0.17% |
The Metals:
Gold dropped $10.10 to $1186.50 in Asia before it bounced back towards unchanged in London, but it then fell back off again in New York and ended near its late session low of $1184.00 with a loss of 0.93%. Silver slipped to as low as $14.482 and ended with a loss of 1.76%.
Euro gold fell to about EUR1027, platinum lost $17 to $775, and copper fell a few cents to about $2.64.
Gold and silver equities drifted lower throughout the day and ended with about 3% losses.
U.S. New-Home Sales Fall to Nine-Month Low While Supply Rises Bloomberg
Is the economy slowing? IHS Markit indexes signal softer growth in August in potential hint MarketWatch
U.S. jobless claims fall, point to labor market strength Reuters
Mortgage rates hit a four-month low as housing market stagnates MarketWatch
Tomorrow brings Durable goods orders and a speech from Jerome Powell.
The Markets:
Oil held near unchanged while the U.S. dollar index bounced back from six days of losses.
Treasuries edged up as the Dow, Nasdaq, and S&P traded mostly lower on trade concerns.
Among the big names making news in the market today were Eventbrite, Morgan Stanley, Monsanto, and Alibaba.
GATA Posts:
Tocqueville's Hathaway marvels at gold's depression but declines to explain it
The Statistics:
As of close of business: 8/22/2018
Gold Warehouse Stocks: | 8,434,670.736 | -41,446.348 |
Silver Warehouse Stocks: | 290,505,141.209 | +1,109,141.83 |
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 | 768.702 | 24,714,543 | US$29,461m |
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$5,424m |
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$6,007m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$425m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.37: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday's data.
A new Mining Promotion Initiative in the Democratic Republic of Congo and Silver Bear's (SBR.TO) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Sibanye | SBGL +0.87% $2.32 |
LOSERS
1. IAMGOLD | IAG -6.86% $3.94 |
2. NovaGold | NG -6.25% $3.45 |
3. Tahoe Resources | TAHO -6.25% $3.60 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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