Gold Seeker Closing Report: Gold Ends Slightly Lower While Silver Rises Over 1%
| Close | Gain/Loss |
Gold | $1304.50 | -$0.60 |
Silver | $16.37 | +$0.20 |
XAU | 81.92 | +0.61% |
HUI | 180.59 | +0.78% |
GDM | 624.96 | +0.28% |
JSE Gold | 1154.73 | +50.13 |
USD | 92.81 | +0.34 |
Euro | 119.41 | -0.53 |
Yen | 91.20 | -0.03 |
Oil | $67.81 | +$0.56 |
10-Year | 2.976% | +0.007 |
T-Bond | 143.0625 | -0.09375 |
Dow | 23924.98 | -0.72% |
Nasdaq | 7100.90 | -0.42% |
S&P | 2635.67 | -0.72% |
The Metals:
Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York trade and then jumped up to $1313.20 after the release of today's fed statement, but it then sold back off into the close and ended with a loss of 0.05%. Silver rose to as high as $16.511 and ended with a gain of 1.24%.
Euro gold rose above EUR1092, platinum gained $1 to $893, and copper climbed 2 cents to about $3.05
Gold and silver equities rose over 2% by midafternoon before they dropped in late trade, but they still ended with modest gains on the day.
Fed leaves interest rates unchanged, says inflation near target Reuters
Fed Leaves Rates Unchanged, Says Inflation Close to Target Bloomberg
May Fed meeting: Here's what changed in the new Fed statement CNBC
Fed holds rates steady but points to higher inflation CNBC
U.S. adds 204,000 private-sector jobs in April, ADP report shows MarketWatch
U.S. Lifts Debt Sales as Deficit Grows, Plans 2-Month Bills Bloomberg
U.S. mortgage applications fall as loan rates hit four and a half year peak: MBA Reuters
The Markets:
Oil waffled near unchanged but ultimately ended almost 1% higher after the Energy Information Administration reported that crude inventories rose 6.2 million barrels, gasoline inventories rose 1.2 million barrels, and distillates fell 3.9 million barrels.
The U.S. dollar index initially erased its morning advance after the fed's statement, but it then climbed to new highs into the close on mixed inflation outlooks.
Treasuries ended slightly lower in mixed trade.
The Dow, Nasdaq, and S&P held near unchanged before the fed and fell nearly 1% after.
Among the big names making news in the market today were Gilead, Chesapeake, Tesla, Apple, Yum Brands, and Snap.
The Statistics:
As of close of business: 5/1/2018
Gold Warehouse Stocks: | 9,049,523.232 | -104.83 |
Silver Warehouse Stocks: | 265,597,393.580 | +2,006,533.881 |
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 | 866.774 | 27,867,649 | US$36,332m |
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$5,803m |
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$6,414m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$469m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 4.422 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 288.52: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,856.67: No change from yesterday's data.
Nevsun's (NSU) AGM results, Alamos Gold's (AGI) first quarter results, Silver Bull's (SSVBL) new mineral license, and Alexco's (AXU) drilling were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +9.68% $1.02 |
2. DRDGOLD | DRD +6.67% $2.40 |
3. Alamos | AGI +4.55% $5.52 |
LOSERS
1. Buenaventura | BVN-4.10% $15.42 |
2. Paramount | PZG -2.52% $1.55 |
3. Royal Gold | RGLD-0.73%$88.19 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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