Gold Seeker Closing Report: Gold Ends Slightly Lower in Mixed Trade
| Close | Gain/Loss |
Gold | $1221.30 | -$1.90 |
Silver | $15.49 | UNCH |
XAU | 76.68 | -0.13% |
HUI | 165.36 | -0.18% |
GDM | 591.76 | -0.20% |
JSE Gold | 1057.79 | +26.14 |
USD | 94.37 | -0.29 |
Euro | 117.06 | +0.46 |
Yen | 90.17 | UNCH |
Oil | $70.13 | +$1.44 |
10-Year | 2.978% | +0.020 |
T-Bond | 142.53125 | -0.40625 |
Dow | 25306.83 | -0.57% |
Nasdaq | 7630.00 | -1.39% |
S&P | 2802.60 | -0.58% |
The Metals:
Gold fell $4.10 to $1219.10 in Asia before it bounced back to $1225.00 by late morning in New York, but it then drifted back lower into the close and ended with a loss of 0.16%. Silver rose to as high as $15.54 and ended unchanged on the day.
Euro gold fell under EUR1044, platinum lost $4 to $826, and copper remained at about $2.79.
Gold and silver equities waffled near unchanged and ended slightly lower.
U.S. pending home sales unexpectedly rise in June Reuters
Fed to send clear message that more rate hikes are coming MarketWatch
Trump threatens U.S. government shutdown over border wall Reuters
The Markets:
Oil rose over 2% on supply concerns and worries about Iran.
The U.S. dollar index dropped with treasuries as the yen remained firm on uncertainty about the Bank of Japan's policy decision tomorrow.
The Dow, Nasdaq, and S&P fell roughly 1% on continued disappointment over last week's poor earnings reports from several tech companies.
Among the big names making news in the market today were Nokia, T-Mobile, Caterpillar, Tyson Foods, Harley, Walmart, CBS, and Starbucks.
GATA Posts:
The $500 billion market the world never thought it would see
An open letter to the CFTC: Is a foreign power controlling Comex gold prices?
GATA board member Ed Steer interviewed by Money Metals' Mike Gleason
Join GATA in New Orleans in November and you can't lose
Putin says Russia doesn't plan to reject dollar but risks should be stemmed
The Statistics:
As of close of business: 7/27/2018
Gold Warehouse Stocks: | 8,661,188.983 | - |
Silver Warehouse Stocks: | 283,556,788.393 | +1,694,001.72 |
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 | 800.196 | 25,727,105 | US$31,474m |
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$5,431m |
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$6,003m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$438m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.22: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,246.51: No change from yesterday's data.
Randgold's (GOLD) fresh start at Tongon, Turquoise Hill's (TRQ) new CEO, Tanzanian Royalty's (TRX) pre-feasibility study, Aurcana's (AUN.V) transformational transaction, and Excellon's (EXN.TO) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +6.01% $2.47 |
2. Gold Standard | GSV +2.94% $1.75 |
3. DRDGOLD | DRD +2.80% $2.57 |
LOSERS
1. Coeur | CDE -6.24% $6.76 |
2. Americas Silver | USAS -3.28% $2.65 |
3. New Gold | NGD -3.17% $1.22 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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