• Gold: 1,188.77 -5.57
  • Silver: 14.95 -0.12
  • Euro: 1.132 -0.002
  • USDX: 96.821 0.004
  • Oil: 66.79 0.16

April 30: Gold and Silver Fall Roughly 1%

Chris Mullen
|
Monday, April 30th

 

Close

Gain/Loss

Gold

$1314.70

-$8.90

Silver

$16.31

-$0.21

XAU

81.15

-2.15%

HUI

178.47

-1.96%

GDM

622.44

-1.81%

JSE Gold

1104.60

+8.93

USD

91.85

+0.34

Euro

120.84

-0.44

Yen

91.58

-0.17

Oil

$68.47

+$0.47

10-Year

2.935%

-0.024

T-Bond

143.53125

+0.34375

Dow

24163.15

-0.61%

Nasdaq

7066.27

-0.75%

S&P

2648.05

-0.82%

 
http://www.goldseek.com/news/2018/2018-04-30_16-26-31.jpg

 

The Metals:

 

Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.67%. Silver slipped to as low as $16.198 and ended with a loss of 1.27%.

 

Euro gold fell to about €1089, platinum lost $12 to $902, and copper remained at about $3.06.

 

Gold and silver equities dropped roughly 2% by midday and remained near that level for the rest of trade.

 

The Economy:

 

Pending-home sales crawl higher as inventory shortage turns urgent  MarketWatch

Chicago PMI inches higher in April  MarketWatch

U.S. March Consumer Spending Picks Up; Inflation Hits Fed Goal  Bloomberg

 

Tomorrow brings ISM and PMI Manufacturing and Construction Spending.

 

The Markets:

 

Oil erased early losses and ended nearly 1% higher on concerns about Iran.

 

The U.S. dollar index rose after today’s PCE index met the Fed's 2% inflation target and strengthened the case for more interest rate hikes.

 

Treasuries found decent gains as the Dow, Nasdaq, and S&P turned lower in afternoon trade on doubts about upcoming earnings reports.

 

Among the big names making news in the market today were Volkswagen, Sprint and T-Mobile, and McDonald’s.

 

GATA Posts:

 

 

Zimbabwe's former central banker says he printed money to prevent coup

St. Louis Fed says bitcoin is 'like regular currency'

 

The Statistics:

As of close of business: 4/27/2018

Gold Warehouse Stocks:

9,049,628.062

-128.604

 

Silver Warehouse Stocks:

262,948,198.639

+1,434,360.145

 

 

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$36,770m

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$5,843m

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$6,454m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$472m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 288.52: +1.19 change from yesterday’s data.

 

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

 

The Miners:

 

WINNERS

1.  Americas Silver

USAS +2.84% $3.99

2.  Nevsun

NSU +1.09% $2.78

3.  Gold Fields

GFI +1.06% $3.82

 

LOSERS

1.  Silvercorp

SVM -5.21% $2.73

2.  Yamana

AUY -4.65% $2.87

3.  Alexco

AXU -4.58% $1.46

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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