• Gold: 1,199.39 -1.03
  • Silver: 14.19 0.02
  • Euro: 1.169 0.001
  • USDX: 94.486 -0.056
  • Oil: 69.52 0.65

June 22: Gold and Silver Fall Almost 1% on the Week

Chris Mullen
|
Friday, June 22nd

 

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%

 
http://www.goldseek.com/news/2018/2018-06-22_14-02-57.jpg

 

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 €1090, 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.

 

The Economy:

 

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® Gold Shares

824.634

26,512,801

US$33,640m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - 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 Wertpapierbörse (Deutsche Börse - 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.

 

The Miners:

 

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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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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