• Gold: 1,226.37 -1.47
  • Silver: 15.51 -0.07
  • Euro: 1.166 -0.001
  • USDX: 95.006 -0.025
  • Oil: 67.41 0.69

May 10: Gold and Silver Gain Roughly 1%

Chris Mullen
|
Thursday, May 10th

 

Close

Gain/Loss

Gold

$1320.60

+$8.80

Silver

$16.72

+$0.23

XAU

83.81

+1.74%

HUI

182.34

+1.15%

GDM

640.58

+1.23%

JSE Gold

1059.60

-30.74

USD

92.66

-0.46

Euro

119.25

+0.74

Yen

91.34

+0.13

Oil

$71.36

+$0.22

10-Year

2.967%

-0.038

T-Bond

143.1875

+0.53125

Dow

24739.53

+0.80%

Nasdaq

7404.97

+0.89%

S&P

2723.07

+0.94%

 
http://www.goldseek.com/news/2018/2018-05-10_14-01-44.jpg

 

The Metals:

 

Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then rallied back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.75 and ended with a gain of 1.39%.

 

Euro gold remained at about €1107, platinum gained $11 to $923, and copper climbed 5 cents to about $3.11.

 

Gold and silver equities rose over 1% at the open and remained near that level for the rest of the day.

 

The Economy:

 

U.S. government posts $214 billion surplus in April  Reuters

Consumer inflation softer than expected in April, CPI shows  MarketWatch

U.S. weekly jobless claims hover near 48-year low  Reuters

 

Tomorrow brings Import and Export Prices and Consumer Sentiment.

 

The Markets:

 

Oil ended slightly higher in mixed trade as the U.S. dollar index fell and treasuries climbed higher along with the Dow, Nasdaq, and S&P on tame CPI data that reduced expectations for more interest rate hikes.

 

Among the big names making news in the market today were Nvidia, Roku, Wells Fargo, RBS, UniCredit, AMC Networks, and Eli Lilly.

 

GATA Posts:

 

 

Iran's gold demand set to spurt before Trump sanctions bite

Dollar-plagued world now has another currency to worry about

 

The Statistics:

As of close of business: 5/9/2018

Gold Warehouse Stocks:

9,049,522.743

-0.288

Silver Warehouse Stocks:

268,649,225.003

+614,504.40

 

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

862.947

27,744,623

US$36,586m

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$5,856m

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$6,473m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$474m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.18 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 289.96: +0.51 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,054.63: No change from yesterday’s data.

 

The Miners:

 

Franco-Nevada’s (FNV) election of directors, Randgold’s (GOLD) first quarter results, B2Gold’s (BTG) first quarter results, Fortuna’s (FSM) Management Information Circular, and Hecla’s (HL) first quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pan American

PAAS +10.56% $18.11

2.  Taseko

TGB +7.76% $1.25

3.  Americas Silver

USAS +7.61% $3.82

 

LOSERS

1.  Paramount

PZG -5.44% $1.39

2.  Randgold

GOLD-4.52% $78.61

3.  New Gold

NGD -4.47% $2.35

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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