• Gold: 1,227.19 4.90
  • Silver: 14.51 0.19
  • Euro: 1.139 0.002
  • USDX: 96.698 -0.138
  • Oil: 55.3 1.93

July 3: Gold and Silver Gain Over 1%

Chris Mullen
|
Tuesday, July 3rd

Please Note: US markets are closed tomorrow for Independence Day.

 

 

Close

Gain/Loss

Gold

$1252.90

+$12.70

Silver

$16.01

+$0.16

XAU

82.87

+2.17%

HUI

177.08

+2.07%

GDM

626.20

+1.68%

JSE Gold

1072.39

+12.19

USD

94.57

-0.42

Euro

116.64

+0.42

Yen

90.55

+0.28

Oil

$74.14

+$0.20

10-Year

2.829%

-0.035

T-Bond

145.4375

+0.6875

Dow

24174.82

-0.54%

Nasdaq

7502.67

-0.86%

S&P

2713.22

-0.49%

 
http://www.goldseek.com/news/2018/2018-07-03_14-03-38.jpg

 

The Metals:

 

Gold chopped near unchanged in Asia, but it then climbed steadily higher throughout trade in London and New York and ended near its noontime EST high of $1256.90 with a gain of 1.02%. Silver rose to as high as $16.037 and ended with a gain of 1.01%.

 

Euro gold climbed above €1074, platinum gained $25 to $838, and copper dropped 2 cents to about $2.91.

 

Gold and silver equities rose roughly 2% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Home prices make the biggest jump in four years  CNBC

U.S. factory orders increase, equipment spending cooling  Reuters

Trade War Hangs Over U.S. Job Market Set for More Gains in June  Bloomberg

 

The Markets:

 

Oil ended slightly higher in mixed trade on supply uncertainty.

 

The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P ultimately ended notably lower after China said it will keep the yuan stable, though weakness in tech companies was largely blamed for the late session stock selloff.

 

Among the big names making news in the market today were Tesla, Glencore, Facebook, Ford, and Deutsche Bank.

 

GATA Posts:

 

 

Comex doesn't reflect physical gold market, Swiss Asia Capital's Kiener says

Hugo Salinas Price: The end of the Petroleum Age

 

The Statistics:

As of close of business: 7/2/2018

Gold Warehouse Stocks:

8,564,639.524

-

Silver Warehouse Stocks:

276,702,727.194

-9,807.14

 

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

809.313

26,020,237

US$32,559m

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$5,578m

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$6,162m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 9.723 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.04: -0.62 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,072.40: +42.59 change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) commercial production declaration, Sandstorm’s (SAND) second quarter sales, and Sibanye’s (SBGL) reduced output forecast were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Yamana

AUY +6.25% $3.06

2.  Coeur

CDE +5.33% $7.90

3.  Americas Silver

USAS +5.28% $3.19

 

LOSERS

1.  Taseko

TGB -6.42% $1.02

2.  Great Panther

GPL -3.42% $1.13

3.  Eurasian

EMX -2.86% $1.02

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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