Gold Seeker Closing Report: Gold and Silver Hold Steady
| Close | Gain/Loss |
Gold | $1196.60 | +$2.60 |
Silver | $14.76 | UNCH |
XAU | 67.42 | +0.96% |
HUI | 145.94 | +1.03% |
GDM | 530.84 | +0.67% |
JSE Gold | 933.82 | -0.58 |
USD | 95.04 | -0.22 |
Euro | 116.04 | +0.31 |
Yen | 90.64 | -0.09 |
Oil | $67.86 | +$2.02 |
10-Year | 2.816% | -0.028 |
T-Bond | 145.50 | +0.375 |
Dow | 25733.60 | -0.34% |
Nasdaq | 7889.10 | +0.38% |
S&P | 2861.82 | -0.04% |
The Metals:
Gold dipped $1.10 to $1192.90 in Asia before it rallied to as high as $1201.50 in early New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $14.873 and ended unchanged on the day.
Euro gold fell to about EUR1031, platinum remained at $792, and copper fell a couple of cents to about $2.67.
Gold and silver equities rose roughly 1% at the open and remained near that level for the rest of the day.
Fed officials worry that trade war poses the biggest threat to 'strong' economy CNBC
Fed suggests interest rate hike could come soon Reuters
Existing-home sales tumble to a two-year low as buyers give up MarketWatch
What Dr. Copper ordered: Trade war gives China metal a shot in the arm Reuters
Fed chairman Powell assured senator he's not swayed by Trump's criticism CNBC
Tomorrow brings Weekly jobless claims, Markit data, and New home sales.
The Markets:
Oil gained over 3% after the Energy Information Administration reported that crude inventories fell 5.8 million barrels, gasoline inventories rose 1.2 million barrels, and distillates rose 1.8 million barrels.
The U.S. dollar index remained weak on fed uncertainty.
Treasuries saw slight gains as the Dow, Nasdaq, and S&P traded mixed on political unrest.
Among the big names making news in the market today were Aramco, Lowe's, Target, and Facebook.
GATA Posts:
Russian central bank buys more gold in face of tougher sanctions
Wall Street doesn't rule out a move by Trump to weaken dollar
Bank currency strategists offer 5 ways U.S. could reverse strong dollar trend
Germany calls for global payments system free of U.S.
The Statistics:
As of close of business: 8/21/2018
Gold Warehouse Stocks: | 8,476,117.084 | - |
Silver Warehouse Stocks: | 289,395,999.379 | -94,587.915 |
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$29,567m |
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$429m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 3.534 tonnes.
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.
Royal Gold's (RGLD) dividend and Avino's (ASM) shelf registration statement were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +4.46% $1.64 |
2. EMX Royalty | EMX +3.54% $1.17 |
3. Turquoise | TRQ +3.31% $2.50 |
LOSERS
1. Gold Fields | GFI -2.36% $2.48 |
2. Seabridge | SA -1.81% $10.85 |
3. Gold Resource | GORO-1.34% $5.15 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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