• Gold: 1,324.69 -0.23
  • Silver: 16.59 -0.04
  • Euro: 1.221 0.000
  • USDX: 90.931 0.56
  • Oil: 68.92 0.88

March 29: Gold and Silver Fall Over 1% on the Week

Chris Mullen
|
Thursday, March 29th

Please Note: US Markets are closed tomorrow for Good Friday.

 

 

Close

Gain/Loss

On Week

Gold

$1325.90

+$0.20

-1.47%

Silver

$16.34

+$0.05

-1.15%

XAU

81.12

+1.85%

-0.47%

HUI

175.41

+1.52%

-0.82%

GDM

612.39

+1.10%

-0.74%

JSE Gold

1127.39

-3.86

-0.34%

USD

90.06

-0.07

+0.68%

Euro

123.04

-0.02

-0.42%

Yen

94.05

+0.49

-1.72%

Oil

$64.94

+$0.56

-1.43%

10-Year

2.742%

-0.031

-2.49%

Bond

146.40625

+0.53125

+0.97%

Dow

24103.11

+1.07%

+2.42%

Nasdaq

7063.44

+1.64%

+1.01%

S&P

2460.87

+1.38%

-4.92%

 
http://www.goldseek.com/news/2018/2018-03-29_14-01-46.jpg

 

The Metals:

 

Gold fell $4.50 to $1321.20 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.015%. Silver dropped down to $16.222 in early New York trade, but it then rallied to as high as $16.363 in afternoon trade and ended with a gain of 0.31%.

 

Euro gold remained at about €1078, platinum lost $5.50 to $927.50, and copper climbed 3 cents to about $3.03.

 

Gold and silver equities climbed steadily higher throughout the day and ended with gains of nearly 2%.

 

The Economy:

 

Chicago PMI Slows to 57.4 in March  Investing

Consumer Sentiment in U.S. Surges to Highest Level Since 2004  Bloomberg

U.S. consumer spending up slightly; jobless claims at 45-year low  Reuters

 

The Markets:

 

Oil gained almost 1% on the outlook for OPEC to extend output curbs beyond this year.

 

The U.S. dollar index traded mostly lower and treasuries rose ahead of the 3-day weekend.

 

The Dow, Nasdaq, and S&P gained roughly 1.5% on easing concerns about increased regulation for tech companies.

 

Among the big names making news in the market Friday were Constellation Brands, Amazon, Barclays, Facebook, and Intel.

 

GATA Posts:

 

 

Sean Rushton: Monetary reform would rebalance trade

Barrick Gold founder and philanthropist Peter Munk dies at 90

 

The Statistics:

Activity from: 3/28/2018

Gold Warehouse Stocks:

9,060,591.220

-

Silver Warehouse Stocks:

260,510,104.171

+474,900.568

 

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

846.119

27,203,556

US$36,002m

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$6,488m

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: 271.38: +1.04 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) deposit of gold onto Tradewind's blockchain, Randgold’s (GOLD) mining code proposal and dividend, Alamos Gold’s (AGI) dividend, Gold Field’s (GFI) JV with Asanko Gold, and First Majestic’s (AG) updated Mineral Reserve and Resource estimates were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +6.54% $1.385

2.  Nevsun

NSU +5.31% $2.38

3.  Freeport

FCX +4.90% $17.57

 

LOSERS

1.  Alio Gold

ALO -1.52% $1.95

2.  Sibanye

SBGL -1.24% $3.99

3.  Gold Fields

GFI -0.99% $4.02

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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