• Gold: 1,244.54 -1.33
  • Silver: 14.74 0.01
  • Euro: 1.137 -0.000
  • USDX: 97.044 -0.355
  • Oil: 51.32 0.17

November 29: Gold Gains Ahead of G20

Chris Mullen
|
Thursday, November 29th

 

Close

Gain/Loss

Gold

$1223.90

+$3.70

Silver

$14.30

-$0.01

XAU

64.80

-1.11%

HUI

146.40

-1.00%

GDM

534.77

-0.25%

JSE Gold

1124.07

+16.97

USD

96.78

-0.05

Euro

113.89

+0.18

Yen

88.30

+0.17

Oil

$51.45

+$1.16

10-Year

3.029%

-0.032

T-Bond

140.21875

+0.28125

Dow

25338.84

-0.11%

Nasdaq

7273.08

-0.25%

S&P

2737.80

-0.22%

 
http://www.goldseek.com/news/2018/2018-11-29_14-03-52.jpg

 

The Metals:

 

Gold gained $8.70 to $1228.90 by late morning in New York before it drifted lower in afternoon trade, but it still ended with a gain of 0.3%. Silver chopped near unchanged and ended with a loss of 0.07%.

 

Euro gold climbed above €1074, platinum lost $5 to $817, and copper dropped a penny to about $2.78.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

Key passages from the Fed minutes  MarketWatch

U.S. pending home sales drop in October  Reuters

Consumer incomes and spending surge in October, but inflation remains under control  MarketWatch

US weekly jobless claims rise to 6-month high  CNBC

U.S. consumer spending surges, underlying inflation slows  Reuters

 

Tomorrow brings Chicago PMI.

 

The Markets:

 

Oil rose over 2% on talk of an output cut from Russia.

 

The U.S. dollar index waffled near unchanged while treasuries rose on trade uncertainty that sent the Dow, Nasdaq, and S&P lower for most of the day.

 

Among the big names making news in the market today were Kraft Heinz, Deutsche Bank, Bayer, and Facebook.

 

GATA Posts:

 

 

Refusals to answer should be enough to settle the gold-rigging issue

 

The Statistics:

As of close of business: 11/28/2018

Gold Warehouse Stocks:

8,021,309.772

+5,907.14

Silver Warehouse Stocks:

294,944,349.842

+251,045.978

 

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

761.743

24,490,803

US$30,022m

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$5,444m

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$6,017m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,043.52: +5.84 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) talks with Indonesia and Goldcorp’s (GG) first gold at the Pyrite Leach Project were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Endeavour Silver

EXK +2.69% $1.91

2.  Gold Standard

GSV +1.72% $1.18

3.  Seabridge

SA +1.21% $11.70

 

LOSERS

1.  Hecla

HL -6.56% $2.42

2.  DRDGOLD

DRD -5.12% $2.04

3.  Coeur

CDE -5.05% $3.95

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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