Gold Seeker Closing Report: Gold and Silver Fall Almost 1% and 3%
| Close | Gain/Loss |
Gold | $1325.00 | -$10.60 |
Silver | $16.63 | -$0.50 |
XAU | 83.25 | -2.19% |
HUI | 179.87 | -2.34% |
GDM | 627.47 | -1.48% |
JSE Gold | 1110.47 | +7.05 |
USD | 90.93 | +0.60 |
Euro | 122.08 | -0.81 |
Yen | 92.09 | -0.94 |
Oil | $68.64 | +$0.24 |
10-Year | 2.975% | +0.016 |
T-Bond | 142.9375 | -0.15625 |
Dow | 24448.69 | -0.06% |
Nasdaq | 7128.60 | -0.25% |
S&P | 2670.29 | +0.01% |
The Metals:
Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%.
Euro gold fell to about EUR1085, platinum lost $9 to $915, and copper dropped 3 cents to about $3.11.
Gold and silver equities fell nearly 3% in the first half hour of trade before they bounced back higher at times, but they still ended about 2% lower on the day.
U.S. existing home sales rise; inventory remains tight Reuters
U.S. economy hits brakes in early 2018, but it's gassed up and ready to go for the spring MarketWatch
Manufacturers expanding at fastest pace in three years, flash PMI data show MarketWatch
The Markets:
Oil reversed early losses and ended modestly higher on concerns about escalating conflict in the Middle East.
The U.S. dollar index followed interest rates higher.
Treasuries fell on speculation that the Federal Reserve could raise interest rates more than previously expected.
The Dow, Nasdaq, and S&P traded mostly lower on uncertainty about interest rates and tech growth.
Among the big names making news in the market today were Rusal, Hasbro, ZTE Corp, Tencent, Halliburton, Netflix, and Sears.
GATA Posts:
Amid 'relentless' futures selling, silver nears breakout, GoldMoney says
Russia says it keeps all its gold reserves at home
NY Fed nominee faults bitcoin for lacking elasticity and central bank sponsorship
The Statistics:
As of close of business: 4/20/2018
Gold Warehouse Stocks: | 9,049,756.666 | -128.604 |
Silver Warehouse Stocks: | 261,751,996.014 | +53,379.79 |
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$36,858m |
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$5,878m |
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$6,496m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.94: +0.51 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,850.82: -35.15 change from yesterday's data.
WINNERS
1. Taseko | TGB +0.78% $1.30 |
2. Paramount | PZG +0.64% $1.60 |
LOSERS
1. Tahoe Resource | TAHO -6.85% $5.03 |
2. Alexco | AXU -6.21% $1.51 |
3. Coeur | CDE -5.60% $8.26 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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