• Gold: 1,228.75 5.91
  • Silver: 14.59 0.02
  • Euro: 1.146 -0.001
  • USDX: 96.073 0.06
  • Oil: 69.14 -0.29

June 8: Gold Gains and Silver Rises Over 2% on the Week

Chris Mullen
|
Friday, June 8th

 

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%

 
http://www.goldseek.com/news/2018/2018-06-08_14-13-25.jpg

 

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 €1103, platinum gained $8 to $904, and copper climbed 3 cents to about $3.30.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

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® Gold Shares

832.590

26,768,601

US$34,749m

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$5,766m

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$6,373m

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.

 

The Miners:

 

Eldorado’s (EGO) normal course issuer bid, Entrée’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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© Gold Seeker 2018

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