• Gold: 1,204.80 -2.45
  • Silver: 14.35 0.04
  • Euro: 1.176 -0.001
  • USDX: 94.03 0.118
  • Oil: 70.87 0.62

June 29: Gold and Silver Fall Over 1% and 2% on the Week

Chris Mullen
|
Friday, June 29th

 

Close

Gain/Loss

On Week

Gold

$1252.50

+$4.30

-1.39%

Silver

$16.09

+$0.09

-2.25%

XAU

81.59

+2.21%

-0.50%

HUI

174.52

+2.35%

-1.36%

GDM

620.96

+1.91%

+0.35%

JSE Gold

1059.76

+35.81

-0.64%

USD

94.57

-0.75

+0.02%

Euro

116.79

+1.13

+0.14%

Yen

90.37

-0.12

-0.83%

Oil

$74.15

+$0.70

+8.12%

10-Year

2.855%

+0.015

-1.38%

Bond

144.90625

-0.0625

+0.63%

Dow

24271.41

+0.23%

-1.26%

Nasdaq

7510.30

+0.09%

-2.37%

S&P

2718.37

+0.08%

-1.33%

 
http://www.goldseek.com/news/2018/2018-06-29_14-00-58.jpg

 

The Metals:

 

Gold edged up to $1252.80 in Asia before it chopped back to $1248.60 in midmorning New York trade, but it then jumped to a new session high of $1255.60 at about 1PM EST and ended with a gain of 0.34%. Silver rose to as high as $16.155 and ended with a gain of 0.56%.

 

Euro gold fell to about €1072, platinum gained $3.50 to $850, and copper remained at about $2.95.

 

Gold and silver equities rose roughly 2% by midday and remained near that level into the close.

 

The Economy:

 

U.S. core PCE price index hits 2 percent; spending slows  Reuters

Mortgage rates slump as trade fears weigh on a housing market that's running dry  MarketWatch

Tariff fears put a small dent in consumer sentiment for June  MarketWatch

 

Next week’s economic highlights include Markit manufacturing PMI, the ISM manufacturing index, and Construction spending on Monday, Factory orders on Tuesday, ADP employment, Weekly jobless claims, Markit services PMI, the ISM nonmanufacturing index, and FOMC minutes on Thursday, and June's jobs data and Foreign trade in goods on Friday.

 

The Markets:

 

Oil rose almost 1% again on continued concerns about more sanctions on Iran.

 

The U.S. dollar index fell as the euro climbed markedly higher “after European Union leaders reached a deal over the divisive issue of refugees, removing some political risk that had been hanging over the shared currency.”

 

Treasuries traded mixed while the Dow, Nasdaq, and S&P ended with modest gains on upbeat company news and forecasts.

 

Among the big names making news in the market Friday were Xiaomi, Deutsche Bank, Constellation Brands, Nike, and Walmart.

 

GATA Posts:

 

 

Rebel investors return former executives of Petropavlovsk

GATA Chairman Murphy interviewed for Reluctant Preppers

 

The Statistics:

Activity from: 6/28/2018

Gold Warehouse Stocks:

8,564,639.524

-402.43

Silver Warehouse Stocks:

275,910,654.561

+542,920.313

 

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

820.509

26,380,182

US$32,976m

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$5,560m

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$6,143m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$449m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.178 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 269.42: -2.09 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,965.42: +32.20 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Nevsun

NSU +7.76% $3.47

2.  Turquoise

TRQ +5.97% $2.84

3.  AngloGold

AU +4.45% $8.21


LOSERS

1.  DRDGOLD

DRD -2.31% $2.54

2.  Gold Resource

GORO-1.20% $6.59

3.  Eurasian

EMX -0.97% $1.02

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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