• Gold: 1,188.76 -5.58
  • Silver: 14.95 -0.12
  • Euro: 1.132 -0.002
  • USDX: 96.821 0.004
  • Oil: 66.79 0.16

April 27: Gold and Silver Fall Almost 1% and 4% on the Week

Chris Mullen
|
Friday, April 27th

 

Close

Gain/Loss

On Week

Gold

$1323.60

+$6.10

-0.90%

Silver

$16.52

UNCH

-3.56%

XAU

82.93

+0.49%

-2.57%

HUI

182.04

+0.84%

-1.16%

GDM

634.13

+0.61%

-0.40%

JSE Gold

1095.67

+0.56

-0.70%

USD

91.51

-0.08

+1.31%

Euro

121.28

+0.22

-1.31%

Yen

91.75

+0.15

-1.38%

Oil

$68.10

-$0.03

-0.41%

10-Year

2.959%

-0.023

UNCH

Bond

143.1875

+0.8125

+0.13%

Dow

24311.19

-0.05%

-0.62%

Nasdaq

7119.80

+0.02%

-0.37%

S&P

2669.91

+0.11%

-0.01%

 
http://www.goldseek.com/news/2018/2018-04-27_14-01-20.jpg

 

The Metals:

 

Gold fell $1.90 to $1315.60 in Asia, but it then rallied back higher in London and New York and ended near its late session high of $1325.50 with a gain of 0.46%. Silver rose to as high as $16.564 and ended unchanged on the day.

 

Euro gold climbed above €1091, platinum gained $8 to $914, and copper dropped 6 cents to about $3.06.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

Consumer sentiment shows taxes, tariffs pulling Americans in opposite direction  MarketWatch

U.S. Growth Cools to 2.3% as Gains in Consumer Spending Ease  Bloomberg

U.S. Private-Sector Wages Lodge Biggest Gain Since 2008  Bloomberg

 

Next week’s economic highlights include Personal Income and Outlays, Chicago PMI, and Pending Home Sales on Monday, ISM and PMI Manufacturing and Construction Spending on Tuesday, ADP Employment and a FOMC Meeting Announcement on Wednesday, Initial Jobless Claims, International Trade, Productivity and Costs, PMI Services, Factory Orders, and ISM Non- Manufacturing on Thursday, and April’s jobs data on Friday.

 

The Markets:

 

Oil held near unchanged on uncertainty about Iran.

 

The U.S. dollar index reversed early gains and ended slightly lower on profit taking.

 

Treasuries rose as the Dow, Nasdaq, and S&P traded mixed despite mostly better than expected earnings reports.

 

Among the big names making news in the market Friday were Exxon, Chevron, Charter, Apple, Boeing, Microsoft, Intel, Facebook, and Amazon.

 

GATA Posts:

 

 

Paris to decide fate of huge gold mine in forests of French Guiana

Royal Canadian Mint calls mounties after 2 kilos of gold vanish

In GoldSeek Radio interview, GATA secretary cites BIS, Comex developments

 

The Statistics:

Activity from: 4/26/2018

Gold Warehouse Stocks:

9,049,756.666

-

Silver Warehouse Stocks:

261,513,838.494

+96,643.425

 

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

871.196

28,009,830

US$37,004m

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$5,871m

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$6,486m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 287.33: +0.39 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,856.67: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) new board member and annual meeting results and Vista Gold’s (VGZ) annual meeting results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Nevsun

NSU +3.38% $2.75

2.  Silvercorp

SVM +2.49% $2.88

3.  New Gold

NGD +2.14% $2.39

 

LOSERS

1.  Taseko

TGB -3.28% $1.18

2.  Coeur

CDE -3.08% $7.88

3.  Gold Standard

GSV -3.03% $1.60

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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