Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% on the Week
Please Note: US Markets are closed tomorrow for Good Friday.
| Close | Gain/Loss | On Week |
Gold | $1325.90 | +$0.20 | -1.47% |
Silver | $16.34 | +$0.05 | -1.15% |
XAU | 81.12 | +1.85% | -0.47% |
HUI | 175.41 | +1.52% | -0.82% |
GDM | 612.39 | +1.10% | -0.74% |
JSE Gold | 1127.39 | -3.86 | -0.34% |
USD | 90.06 | -0.07 | +0.68% |
Euro | 123.04 | -0.02 | -0.42% |
Yen | 94.05 | +0.49 | -1.72% |
Oil | $64.94 | +$0.56 | -1.43% |
10-Year | 2.742% | -0.031 | -2.49% |
Bond | 146.40625 | +0.53125 | +0.97% |
Dow | 24103.11 | +1.07% | +2.42% |
Nasdaq | 7063.44 | +1.64% | +1.01% |
S&P | 2460.87 | +1.38% | -4.92% |
The Metals:
Gold fell $4.50 to $1321.20 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.015%. Silver dropped down to $16.222 in early New York trade, but it then rallied to as high as $16.363 in afternoon trade and ended with a gain of 0.31%.
Euro gold remained at about EUR1078, platinum lost $5.50 to $927.50, and copper climbed 3 cents to about $3.03.
Gold and silver equities climbed steadily higher throughout the day and ended with gains of nearly 2%.
Chicago PMI Slows to 57.4 in March Investing
Consumer Sentiment in U.S. Surges to Highest Level Since 2004 Bloomberg
U.S. consumer spending up slightly; jobless claims at 45-year low Reuters
The Markets:
Oil gained almost 1% on the outlook for OPEC to extend output curbs beyond this year.
The U.S. dollar index traded mostly lower and treasuries rose ahead of the 3-day weekend.
The Dow, Nasdaq, and S&P gained roughly 1.5% on easing concerns about increased regulation for tech companies.
Among the big names making news in the market Friday were Constellation Brands, Amazon, Barclays, Facebook, and Intel.
GATA Posts:
Sean Rushton: Monetary reform would rebalance trade
Barrick Gold founder and philanthropist Peter Munk dies at 90
The Statistics:
Activity from: 3/28/2018
Gold Warehouse Stocks: | 9,060,591.220 | - |
Silver Warehouse Stocks: | 260,510,104.171 | +474,900.568 |
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 | 846.119 | 27,203,556 | US$36,002m |
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$5,871m |
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$6,488m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.38: +1.04 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: No change from yesterday's data.
Goldcorp's (GG) deposit of gold onto Tradewind's blockchain, Randgold's (GOLD) mining code proposal and dividend, Alamos Gold's (AGI) dividend, Gold Field's (GFI) JV with Asanko Gold, and First Majestic's (AG) updated Mineral Reserve and Resource estimates were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +6.54% $1.385 |
2. Nevsun | NSU +5.31% $2.38 |
3. Freeport | FCX +4.90% $17.57 |
LOSERS
1. Alio Gold | ALO -1.52% $1.95 |
2. Sibanye | SBGL -1.24% $3.99 |
3. Gold Fields | GFI -0.99% $4.02 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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