Gold Seeker Closing Report: Gold and Silver Gain with Oil While Stocks Fall
| Close | Gain/Loss |
Gold | $1351.10 | +$10.40 |
Silver | $16.66 | +$0.08 |
XAU | 83.69 | +2.14% |
HUI | 182.93 | +3.23% |
GDM | 635.47 | +2.36% |
JSE Gold | 1118.09 | +28.31 |
USD | 89.56 | -0.06 |
Euro | 123.64 | +0.07 |
Yen | 93.61 | +0.37 |
Oil | $66.82 | +$1.31 |
10-Year | 2.780% | -0.013 |
T-Bond | 146.28125 | +0.34375 |
Dow | 24189.45 | -0.90% |
Nasdaq | 7069.03 | -0.36% |
S&P | 2642.19 | -0.55% |
The Metals:
Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back under $1350 by a little after 2PM EST, but it then bounced back higher into the close and ended with a gain of 0.78%. Silver rose to as high as $16.866 and ended with a gain of 0.48%.
Euro gold rose to about EUR1093, platinum gained $2 to $929, and copper dropped 2 cents to about $3.11.
Gold and silver equities rose roughly 3% by midmorning and remained near that level for the rest of the day.
Federal Reserve policymakers all saw strengthening economy, inflation: minutes Reuters
U.S. Core Inflation Accelerates as Drag From Phone Costs Fades Bloomberg
Tomorrow brings Initial Jobless Claims and Import and Export Prices.
The Markets:
Oil rose 2% on rising tensions in the Middle East.
The U.S. dollar index traded mostly lower and treasuries found modest gains as the Dow, Nasdaq, and S&P dropped on geopolitics and fed uncertainty.
Among the big names making news in the market today were Deutsche Bank, Facebook, and CBS-Viacom.
GATA Posts:
So much for Iran's trying to get away from the dollar
Bullion Star interviews GATA secretary in Singapore
Bundesbank strives to show Germans that their gold is real
Correction to Allan Flynn's report on traders charged with 'spoofing'
The Statistics:
As of close of business: 4/10/2018
Gold Warehouse Stocks: | 9,062,198.720 | - |
Silver Warehouse Stocks: | 263,567,522.341 | -16,020.02 |
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 | 859.991 | 27,649,583 | US$37,343m |
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$6,061m |
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$6,691m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$485m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 279.24: +1.14 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday's data.
Pretivm's (PVG) first quarter 2018 production results, Alio Gold's (ALO) preliminary production results, Golden Star's (GSS) production results, Comstock's (LODE) new director, B2GOLD's (BTG) gold production and gold revenue for the first quarter of 2018, and Hecla's (HL) first quarter 2018 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +19.34% $8.27 |
2. Yamana | AUY +6.43% $2.98 |
3. B2GOLD | BTG +5.09% $2.89 |
LOSERS
1. Great Panther | GPL -1.67% $1.18 |
2. Freeport | FCX -1.21% $17.98 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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