Gold Seeker Weekly Wrap-Up: Gold and Silver Jump 2% to Close Out the Week
| Close | Gain/Loss | On Week |
Gold | $1205.60 | +$20.10 | +1.81% |
Silver | $14.81 | +$0.31 | UNCH |
XAU | 67.68 | +3.65% | +2.67% |
HUI | 146.81 | +3.67% | +3.08% |
GDM | 527.96 | +2.22% | +1.64% |
JSE Gold | 951.11 | +17.15 | +2.11% |
USD | 95.13 | -0.50 | -1.03% |
Euro | 116.23 | +0.81 | +1.58% |
Yen | 90.03 | +0.04 | -0.60% |
Oil | $68.72 | +$0.89 | +4.26% |
10-Year | 2.813% | -0.010 | -1.71% |
Bond | 145.84375 | +0.1875 | +0.80% |
Dow | 25790.35 | +0.52% | +0.47% |
Nasdaq | 7945.98 | +0.86% | +1.66% |
S&P | 2874.69 | +0.62% | +0.86% |
The Metals:
Gold soared $22.90 to as high as $1208.40 by midday in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.7%. Silver surged to as high as $14.87 and ended with a gain of 2.14%.
Euro gold rose above EUR1037, platinum gained $13 to $788, and copper climbed 6 cents to about $2.70.
Gold and silver equities gained roughly 4% by midday before they drifted back lower into the close, but they still ended about 3% higher on the day.
Powell sees 'further, gradual' rate hikes ahead as economy continues to hum CNBC
Fed Chair Powell: further rate hikes best way to protect recovery Reuters
Durable goods orders drop 1.7% in July, vs 0.5% decline expected CNBC
Fed's Bullard wants to pause rate hikes, Mester does not Reuters
Fed should stand pat, Bullard says MarketWatch
Fed's George backs two more interest-rate hikes this year, 'several more' in 2019 MarketWatch
The Markets:
Oil rose over 1% and the U.S. dollar index fell markedly while treasuries rose along with the Dow, Nasdaq, and S&P on Powell's mostly dovish remarks in Jackson Hole.
Among the big names making news in the market Friday were Gap, AMD, T-Mobile, Maersk, Victoria's Secret, Williams-Sonoma, and Ross Stores.
The Statistics:
Activity from: 8/23/2018
Gold Warehouse Stocks: | 8,432,741.736 | -1,929.00 |
Silver Warehouse Stocks: | 291,098,484.409 | +593,343.20 |
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 | 767.230 | 24,667,210 | US$29,536m |
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$5,424m |
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$6,007m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$433m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.472 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.37: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday's data.
WINNERS
1. Gold Standard | GSV +10.67% $1.66 |
2. Pretivm | PVG +9.78% $9.09 |
3. NovaGold | NG +8.41% $3.74 |
LOSERS
1. EMX Royalty | EMX -0.86% $1.15 |
2. Turquoise | TRQ -0.82% $2.43 |
3. Sibanye | SBGL -0.43% $2.31 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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