• Gold: 1,327.48 2.56
  • Silver: 16.70 0.07
  • Euro: 1.222 0.001
  • USDX: 90.856 -0.09
  • Oil: 68.97 0.05

April 5: Gold and Silver End Mixed Before Jobs Day

Chris Mullen
|
Thursday, April 5th

 

Close

Gain/Loss

Gold

$1326.30

-$7.10

Silver

$16.39

+$0.08

XAU

81.47

+0.77%

HUI

176.34

+0.66%

GDM

612.19

+0.36%

JSE Gold

1085.57

-7.48

USD

90.48

+0.35

Euro

122.38

-0.48

Yen

93.10

-0.57

Oil

$63.54

+$0.17

10-Year

2.836%

+0.030

T-Bond

144.84375

-0.875

Dow

24505.22

+0.99%

Nasdaq

7076.55

+0.46%

S&P

2662.84

+0.69%

 
http://www.goldseek.com/news/2018/2018-04-05_14-02-21.jpg

 

The Metals:

 

Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.53%. Silver dropped down to $16.181 in Asia, but it then rose to as high as $16.417 in New York and ended with a gain of 0.49%.

 

Euro gold fell to about €1084, platinum lost $5 to $909, and copper climbed 5 cents to about $3.07.

 

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

 

The Economy:

 

U.S. Trade Gap Widens for Sixth Month Ahead of Trump Tariffs  Bloomberg

U.S. jobless claims rise; continuing claims lowest since 1973  Reuters

 

Tomorrow brings March’s jobs data and Consumer Credit.

 

The Markets:

 

Oil edged up along with the U.S. dollar index on easing trade war worries that sent treasuries lower and the Dow, Nasdaq, and S&P almost 1% higher.

 

Among the big names making news in the market today were Bombardier, Sonoma Pharmaceuticals, and Facebook.

 

GATA Posts:

 

 

India's central bank shuts down crypto-currencies

Yellen starts collecting her payoff from Wall Street

 

The Statistics:

As of close of business: 4/4/2018

Gold Warehouse Stocks:

9,062,198.720

-

Silver Warehouse Stocks:

263,332,793.335

+587,853.43

 

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

852.029

27,393,584

US$36,368m

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$5,885m

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$6,500m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$476m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.283 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.12: +2.84 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,918.19: -4.20 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Alexco

AXU +5.30% $1.39

2.  Freeport

FCX +4.44% $18.11

3.  Taseko

TGB +3.51% $1.18

 

LOSERS

1.  DRDGOLD

DRD -1.82% $2.70

2.  Gold Standard

GSV -1.82% $1.62

3.  NOVAGOLD

NG -1.53% $4.50

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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