Gold Seeker Closing Report: Gold and Silver Hold Steady While Stocks Remain Volatile

	Close	Gain/Loss
Gold	$1238.30	+$0.10
Silver	$14.48	-$0.04
XAU	66.35	+0.28%
HUI	150.05	+0.46%
GDM	547.61	+0.20%
JSE Gold	1201.22	+52.17
USD	96.74	-0.26
Euro	113.86	+0.46
Yen	88.79	+0.05
Oil	$51.49	-$1.40
10-Year	2.887%	-0.025
T-Bond	143.5625	-0.21875
Dow	24947.67	-0.32%
Nasdaq	7188.26	+0.42%
S&P	2695.95	-0.15%

The Metals:

Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asia today and then climbed up to a new session high of $1244.30 by midmorning in New York, but it then drifted back lower into the close and ended with a gain of just 0.01% from Tuesday's close. Silver slipped to as low as $14.351 and ended with a loss of 0.28%.

Euro gold fell to about EUR1088, platinum lost $13 to $787, and copper remained at about $2.75.

Gold and silver equities rose nearly 2% in the first hour of trade before they chopped back to see losses by midafternoon, but they then bounced back higher into the close and ended with slight gains.

The Economy:

Fed may signal 'wait-and-see' approach after Dec. rate increase - WSJ CNBC

Fed still likely to raise interest rates in December, economists say - even as stock market gyrates MarketWatch

U.S. trade deficit hits 10-year high; private hiring slows Reuters

ISM services index registers second-strongest reading in 13 years MarketWatch

U.S. factory orders post largest drop in more than a year Reuters

Jobless claims fall to 231,000 after Thanksgiving, but still near 5-month high MarketWatch

U.S. productivity growth in 3rd quarter raised to 2.3% from 2.2% MarketWatch

Tomorrow brings November's jobs data, Wholesale inventories, and Consumer sentiment.

The Markets:

Oil dropped almost 3% after OPEC delayed announcing any kind of decision over possible output cuts.

The U.S. dollar index remained lower while treasuries erased notable gains as the Dow, Nasdaq, and S&P saw significant losses on increased trade tensions that raised global growth concerns for much of the day, but those losses were mostly erased after the WSJ reported that the fed may "signal a 'wait-and-see' approach after a probable hike to the central bank's overnight rate at its meeting later this month."

Among the big names making news in the market today were Deutsche Bank, Apple, Lyft, Wells Fargo, Huawei, and Sears.

GATA Posts:

With inflation, central banks guarantee rising gold price, von Greyerz tells 'Keiser Report'

Sudan becomes second leading gold producer in Africa on backs of artisanal miners

Brandon White: Arctic trails, winter gales, and gold's secret tales

Univision quotes Bullion Star's Manly on expropriation of Venezuelan gold

The Statistics:

As of close of business: 12/5/2018

Global Gold ETF Holdings

[WGC Sponsored ETF's]

Note: No change in Total Tonnes from yesterday's data.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.17: +0.42 change from yesterday's data.

Silver Trust (SLV) Total Tonnes in Trust: 10,001.40: -4.16 change from yesterday's data.

The Miners:

Pretivm's (PVG) exploration and resource drilling update, Newmont's (NEM) 2019 outlook, Comstock's (LODE) permit extension, Sandstorm's (SAND) increased credit facility, and Barrick's (ABX) asset sales were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

- Chris Mullen, Gold Seeker Report

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