Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% on the Week
| Close | Gain/Loss | On Week |
Gold | $1270.20 | +$2.80 | -0.80% |
Silver | $16.46 | +$0.15 | -0.78% |
XAU | 82.00 | +1.36% | -0.70% |
HUI | 176.93 | +1.33% | -0.53% |
GDM | 618.81 | +1.50% | -0.25% |
JSE Gold | 1066.58 | -2.36 | +1.71% |
USD | 94.55 | -0.27 | -0.23% |
Euro | 116.63 | +0.51 | +0.47% |
Yen | 91.13 | +0.01 | +0.77% |
Oil | $68.58 | +$3.04 | +5.41% |
10-Year | 2.895% | UNCH | -1.03% |
Bond | 144.00 | +0.03125 | -0.37% |
Dow | 24580.89 | +0.49% | -2.03% |
Nasdaq | 7692.82 | -0.26% | -0.69% |
S&P | 2754.88 | +0.19% | -0.88% |
The Metals:
Gold gained $3.60 to $1271.00 in Asia before it chopped back to $1267.00 in London, but it then edged back higher in New York and ended with a gain of 0.22%. Silver rose to as high as $16.482 and ended with a gain of 0.92%.
Euro gold fell to about EUR1090, platinum gained $13 to $874, and copper remained at about $3.03.
Gold and silver equities rose over 1% by late morning and remained near that level for the rest of the day.
U.S. economy poised for big second quarter, IHS flash Markit PMIs show- MarketWatch
Cramer: I think Trump wins trade fight but it better happen quickly- CNBC
Trump threatens 20 percent U.S. tariff on EU car imports- Reuters
Next week's economic highlights include New home sales, the Case-Shiller home price index, Consumer confidence, Durable goods orders, Core capex orders, Advance trade in goods, Pending home sales, Weekly jobless claims, GDP, Personal income, Consumer spending, Core inflation, Chicago PMI, and Consumer sentiment.
The Markets:
Oil jumped nearly 5% after OPEC did not hike production as much as most were expecting.
The U.S. dollar index fell as the euro rose on stronger than expected economic data out of France and Germany.
Treasuries waffled near unchanged in quiet trade.
The Dow and S&P followed oil higher while the Nasdaq remained weak on disappointing results from Red Hat.
Among the big names making news in the market Friday were Red Hat, CarMax, Tesla, Dollar General, and Mastercard.
The Statistics:
Activity from: 6/21/2018
Gold Warehouse Stocks: | 8,823,383.256 | -99.85 |
Silver Warehouse Stocks: | 272,798,041.302 | -92,743.20 |
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 | 824.634 | 26,512,801 | US$33,640m |
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$5,637m |
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$6,232m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$456m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 4.125 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.97: -0.69 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,933.22: +90.74 change from yesterday's data.
Gold Fields' (GFI) JV approval with Asanko, Eldorado's (EGO) voting results, and Silver Bear's (SBR.TO) commissioning and production update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Resource | GORO +5.38% $6.86 |
2. First Majestic | AG +3.94% $7.65 |
3. Paramount | PZG +3.91% $1.33 |
LOSERS
1. Harmony | HMY -1.84% $1.60 |
2. DRDGOLD | DRD -1.77% $2.77 |
3. Sandstorm | SAND -1.34% $4.42 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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