• Gold: 1,220.82 -5.57
  • Silver: 14.54 -0.09
  • Euro: 1.147 -0.004
  • USDX: 95.995 0.282
  • Oil: 69.23 -0.4

June 5: Gold and Silver Gain While Dollar Dips

Chris Mullen
|
Tuesday, June 5th

 

Close

Gain/Loss

Gold

$1296.50

+$4.70

Silver

$16.49

+$0.09

XAU

83.05

+1.06%

HUI

178.67

+0.97%

GDM

623.77

+0.53%

JSE Gold

1025.63

+18.59

USD

93.91

-0.14

Euro

117.17

+0.19

Yen

91.16

+0.03

Oil

$65.52

+$0.77

10-Year

2.920%

-0.023

T-Bond

144.375

+0.25

Dow

24799.98

-0.06%

Nasdaq

7637.86

+0.41%

S&P

2748.80

+0.07%

 
http://www.goldseek.com/news/2018/2018-06-05_14-02-46.jpg

 

The Metals:

 

Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $16.53 and ended with a gain of 0.55%.

 

Euro gold rose to about €1107, platinum gained $1 to $900, and copper climbed 7 cents to about $3.20.

 

Gold and silver equities rose roughly 1% by midday and remained near that level into the close.

 

The Economy:

 

U.S. job openings hit record high of 6.7 million in April  Reuters

Service Industries in U.S. Expand at Faster Rate Than Forecast  Bloomberg

 

Tomorrow brings International Trade and Productivity.

 

 

The Markets:

 

Oil closed over 1% higher in mixed trade on continued uncertainty about OPEC’s future policy.

 

The U.S. dollar index erased early gains and ended modestly lower as the euro turned higher “following reports that the European Central Bank would discuss an exit from its quantitative easing program next week.”

 

Treasuries found slight gains as the Dow, Nasdaq, and S&P traded mixed on economic and tariff concerns.

 

Among the big names making news in the market today were Apple, Starbucks, and Deutsche Bank.

 

GATA Posts:

 

 

Christopher Belding: China is rigging all currency and asset prices ...

 

The Statistics:

As of close of business: 6/04/2018

Gold Warehouse Stocks:

9,014,904.393

-257.20

Silver Warehouse Stocks:

270,756,017.040

-819,169.55

 

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

836.420

26,891,754

US$34,731m

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$5,760m

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$6,365m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$465m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 285.09: -0.99 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,032.78: +16.23 change from yesterday’s data.

 

The Miners:

 

B2Gold’s (BTG) solar power plant, Seabridge Gold’s (SA) drilling, IAMGOLD’s (IAG) Pre-feasibility Study, and Nevsun’s (NSU) exploration decline were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Taseko

TGB +11.93% $1.22

2.  Eldorado

EGO +5.50% $1.15

3.  Alexco

AXU +4.55% $1.38

 

LOSERS

1.  Harmony

HMY -3.53% $1.64

2.  DRDGOLD

DRD -1.11% $2.67

3.  Eurasian

EMX -0.86% $1.15

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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