• Gold: 1,223.24 -1.62
  • Silver: 14.62 -0.04
  • Euro: 1.151 -0.007
  • USDX: 95.587 0.539
  • Oil: 70 -2.15

October 3: Gold and Silver Edge Back Lower

Chris Mullen
|
Wednesday, October 3rd

 

Close

Gain/Loss

Gold

$1198.50

-$4.70

Silver

$14.65

-$0.02

XAU

66.15

-1.24%

HUI

144.36

-1.36%

GDM

524.34

-0.87%

JSE Gold

1035.69

-10.23

USD

95.78

+0.32

Euro

115.15

-0.40

Yen

87.49

-0.49

Oil

$76.41

+$1.18

10-Year

3.158%

+0.102

T-Bond

138.6875

-1.8125

Dow

26828.39

+0.20%

Nasdaq

8025.09

+0.32%

S&P

2925.51

+0.07%

 
http://www.goldseek.com/news/2018/2018-10-03_14-02-32.jpg

 

The Metals:

 

Gold saw slight gains in Asia and chopped near unchanged in London before it dropped down to $1197.00 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $14.622 and ended with a loss of 0.14%.

 

Euro gold remained at about €1041, platinum lost $2 to $827, and copper climbed 2 cents to about $2.82.

 

Gold and silver equities fell roughly 1% in the first 30 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

ISM non-manufacturing index hits 61.6 in September, vs. 58 estimate  CNBC

'Rip-roaring hot' jobs market sees private payrolls surge by 230,000, highest since February  CNBC

Federal Reserve prepares for next crisis, bets it will begin like the last  Reuters

 

Tomorrow brings Weekly jobless claims and Factory orders.

 

The Markets:

 

Oil rose nearly 2% despite a rise in inventories as concerns about Iran escalated after “U.S. Secretary Mike Pompeo announced Wednesday that the United States is terminating the 1955 Treaty of Amity, its economic agreement with Iran.”

 

The U.S. dollar index rose on strong economic data that sent treasuries markedly lower and the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market today were Aston Martin, eBay, Honda and GM, VistaGen, Tempur Sealy, and Upwork.

 

GATA Posts:

 

 

Peter Coy: The tyranny of the U.S. dollar

 

The Statistics:

As of close of business: 10/2/2018

Gold Warehouse Stocks:

8,331,477.474

+787.508

Silver Warehouse Stocks:

288,463,158.039

-1,197,266.025

 

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

737.818

23,721,572

US$28,484m

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$5,323m

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$5,883m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$431m

 Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.354 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.54: -0.05 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,354.72: -4.19 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  NovaGold

NG +3.43% $3.92

2.  EMX Royalty

EMX +3.25% $1.27

3.  B2Gold

BTG +1.67% $2.43

 

LOSERS

1.  Endeavour Silver

EXK -2.98% $2.28

2.  AngloGold

AU -2.94% $8.59

3.  Royal Gold

RGLD-2.90%$76.41

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

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2018

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

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map