• Gold: 1,198.87 -0.10
  • Silver: 14.24 -0.06
  • Euro: 1.174 -0.001
  • USDX: 94.22 0.304
  • Oil: 70.79 0.54

September 7: Gold and Silver End Slightly Lower on the Week

Chris Mullen
|
Friday, September 7th

 

Close

Gain/Loss

On Week

Gold

$1196.10

-$3.60

-0.25%

Silver

$14.15

-$0.01

-2.48%

XAU

63.04

+0.21%

-4.83%

HUI

136.23

+0.63%

-4.89%

GDM

498.25

+0.31%

-3.72%

JSE Gold

1018.76

-6.68

+2.26%

USD

95.39

+0.33

+0.32%

Euro

115.61

-0.65

-0.39%

Yen

90.15

+0.09

+0.07%

Oil

$67.75

-$0.02

-2.94%

10-Year

2.936%

+0.056

+2.59%

Bond

143.34375

-1.03125

-0.95%

Dow

25916.54

-0.31%

-0.19%

Nasdaq

7902.54

-0.25%

-2.55%

S&P

2871.68

-0.22%

-1.03%

 
http://www.goldseek.com/news/2018/2018-09-07_14-01-53.jpg

 

The Metals:

 

Gold gained $2.60 to $1202.30 in London before it dropped down to $1193.50 at about 9AM EST and then bounced back higher into midday, but it still ended with a loss of 0.3%. Silver slipped to as low as $14.078 and ended with a loss of 0.07%.

 

Euro gold rose above €1035, platinum lost $11 to $778, and copper fell 2 cents to about $2.61.

 

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

 

The Economy:

 

U.S. adds 201,000 jobs as worker wages accelerate to nine-year high  MarketWatch

Trump says tariffs on another $267 billion in China goods ready to go  CNBC

U.S. services data suggests upward revision to second-quarter GDP  Reuters

Reforms haven't eliminated risk of another Lehman-type failure  MarketWatch

 

The Markets:

 

Oil struggled to find gains as the U.S. dollar index rose and treasuries fell on strong jobs data.

 

The Dow, Nasdaq, and S&P traded mostly lower on trade concerns.

 

Among the big names making news in the market Friday were Third Point, Tesla, and Mattel.

 

GATA Posts:

 

 

Deutsche Bank's top investor, a Chinese conglomerate, told to dump its stake

 

The Statistics:

Activity from: 9/6/2018

Gold Warehouse Stocks:

8,378,763.816

-1,286.00

Silver Warehouse Stocks:

296,311,927.463

+1,016,099.104

 

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

746.915

24,014,062

US$28,778m

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$5,320m

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$5,878m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$429m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.67: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,348.67: +93.57 change from yesterday’s data.

 

The Miners:

 

Turquoise Hill’s (TRQ) board appointment and Excellon’s (EXN.TO) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Tahoe Resources

TAHO +9.23% $2.84

2.  Americas Silver

USAS +6.13% $2.25

3.  Alexco

AXU +2.94% $1.05

 

LOSERS

1.  Freeport

FCX -2.87% $13.18

2.  Turquoise

TRQ -2.69% $2.17

3.  B2Gold

BTG -2.60% $2.25

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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