Gold Seeker Weekly Wrap-Up: Gold Gains and Silver Rises Over 2% on the Week
| Close | Gain/Loss | On Week |
Gold | $1298.50 | +$1.60 | +0.42% |
Silver | $16.76 | +$0.07 | +2.26% |
XAU | 82.93 | -0.07% | -0.13% |
HUI | 178.83 | +0.11% | -0.18% |
GDM | 623.60 | -0.30% | +0.41% |
JSE Gold | 1060.13 | +14.27 | +4.47% |
USD | 93.57 | +0.12 | -0.70% |
Euro | 117.70 | -0.30 | +0.95% |
Yen | 91.40 | +0.22 | -0.02% |
Oil | $65.74 | -$0.21 | -0.11% |
10-Year | 2.943% | +0.024 | +1.41% |
Bond | 143.90625 | -0.21875 | -0.52% |
Dow | 25316.53 | +0.30% | +2.77% |
Nasdaq | 7645.51 | +0.14% | +1.21% |
S&P | 2779.03 | +0.31% | +1.62% |
The Metals:
Gold dipped to $1294.20 in Asia before it bounced back to $1300.50 in London and then drifted in New York, but it still ended with a gain of 0.12%. Silver chopped between $16.622 and $16.822 and ended with a gain of 0.42%.
Euro gold rose above EUR1103, platinum gained $8 to $904, and copper climbed 3 cents to about $3.30.
Gold and silver equities waffled near unchanged and ended mixed.
U.S. April wholesale inventories revised up slightly Reuters
G7 nations struggle to salvage summit as Trump attacks trade Reuters
Mortgage rates fall to 7-week low, as buyers catch a break MarketWatch
The Markets:
Oil ended slightly lower on mixed signals about OPEC's future policy.
The U.S. dollar index found slight gains on uneasiness about this weekend's G7 summit.
Treasuries edged lower as the Dow, Nasdaq, and S&P reversed morning losses to end higher on hopes for progress in trade talks.
Among the big names making news in the market Friday were Apple, Comcast, Tesla, Airbus, Verizon, and McDonald's.
The Statistics:
Activity from: 6/7/2018
Gold Warehouse Stocks: | 9,014,904.206 | - |
Silver Warehouse Stocks: | 270,322,453.299 | -602,672.972 |
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 | 832.590 | 26,768,601 | US$34,749m |
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$5,766m |
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$6,373m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$466m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 278.45: -3.13 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,974.23: -58.55 change from yesterday's data.
Eldorado's (EGO) normal course issuer bid, Entr?e's (EGI) royalty sale, and Silvercorp's (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Eurasian | EMX +4.39% $1.19 |
2. DRDGOLD | DRD +3.02% $2.73 |
3. Sibanye | SBGL +2.83% $2.91 |
LOSERS
1. Alio Gold | ALO -3.75% $1.54 |
2. Gold Standard | GSV -2.68% $1.45 |
3. First Majestic | AG -2.28% $7.30 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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