• Gold: 1,179.03 5.36
  • Silver: 14.72 0.08
  • Euro: 1.138 0.001
  • USDX: 96.601 -0.044
  • Oil: 65.43 0.04

July 30: Gold Ends Slightly Lower in Mixed Trade

Chris Mullen
|
Monday, July 30th

 

Close

Gain/Loss

Gold

$1221.30

-$1.90

Silver

$15.49

UNCH

XAU

76.68

-0.13%

HUI

165.36

-0.18%

GDM

591.76

-0.20%

JSE Gold

1057.79

+26.14

USD

94.37

-0.29

Euro

117.06

+0.46

Yen

90.17

UNCH

Oil

$70.13

+$1.44

10-Year

2.978%

+0.020

T-Bond

142.53125

-0.40625

Dow

25306.83

-0.57%

Nasdaq

7630.00

-1.39%

S&P

2802.60

-0.58%

 
http://www.goldseek.com/news/2018/2018-07-30_14-02-08.jpg

 

The Metals:

 

Gold fell $4.10 to $1219.10 in Asia before it bounced back to $1225.00 by late morning in New York, but it then drifted back lower into the close and ended with a loss of 0.16%. Silver rose to as high as $15.54 and ended unchanged on the day.

 

Euro gold fell under €1044, platinum lost $4 to $826, and copper remained at about $2.79.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

U.S. pending home sales unexpectedly rise in June  Reuters

Fed to send clear message that more rate hikes are coming  MarketWatch

Trump threatens U.S. government shutdown over border wall  Reuters

 

Tomorrow brings the Employment cost index, Personal incomes, Consumer spending, Core inflation, the Case-Shiller home price index, Chicago PMI, and Consumer confidence.

 

The Markets:

 

Oil rose over 2% on supply concerns and worries about Iran.

 

The U.S. dollar index dropped with treasuries as the yen remained firm on uncertainty about the Bank of Japan’s policy decision tomorrow.

 

The Dow, Nasdaq, and S&P fell roughly 1% on continued disappointment over last week’s poor earnings reports from several tech companies.

 

Among the big names making news in the market today were Nokia, T-Mobile, Caterpillar, Tyson Foods, Harley, Walmart, CBS, and Starbucks.

 

GATA Posts:

 

 

The $500 billion market the world never thought it would see

An open letter to the CFTC: Is a foreign power controlling Comex gold prices?

GATA board member Ed Steer interviewed by Money Metals' Mike Gleason

Join GATA in New Orleans in November and you can't lose

Putin says Russia doesn't plan to reject dollar but risks should be stemmed

 

The Statistics:

As of close of business: 7/27/2018

Gold Warehouse Stocks:

8,661,188.983

-

Silver Warehouse Stocks:

283,556,788.393

+1,694,001.72

 

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

800.196

25,727,105

US$31,474m

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$5,431m

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$6,003m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$438m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.22: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,246.51: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) fresh start at Tongon, Turquoise Hill’s (TRQ) new CEO, Tanzanian Royalty’s (TRX) pre-feasibility study, Aurcana’s (AUN.V) transformational transaction, and Excellon’s (EXN.TO) second quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Sibanye

SBGL +6.01% $2.47

2.  Gold Standard

GSV +2.94% $1.75

3.  DRDGOLD

DRD +2.80% $2.57

 

LOSERS

1.  Coeur

CDE -6.24% $6.76

2.  Americas Silver

USAS -3.28% $2.65

3.  New Gold

NGD -3.17% $1.22

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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