• Gold: 1,229.12 4.26
  • Silver: 14.72 0.06
  • Euro: 1.154 -0.004
  • USDX: 95.3 0.252
  • Oil: 70.72 -1.43

July 31: Gold and Silver Gain with Stocks and Bonds

Chris Mullen
|
Tuesday, July 31st

 

Close

Gain/Loss

Gold

$1224.60

+$3.30

Silver

$15.53

+$0.04

XAU

77.30

+0.80%

HUI

166.36

+0.61%

GDM

593.34

+0.23%

JSE Gold

1058.92

+1.13

USD

94.52

+0.15

Euro

116.97

-0.09

Yen

89.52

-0.65

Oil

$68.76

-$1.37

10-Year

2.958%

-0.020

T-Bond

143.03125

+0.40625

Dow

25415.19

+0.43%

Nasdaq

7671.79

+0.55%

S&P

2816.29

+0.49%

 
http://www.goldseek.com/news/2018/2018-07-31_14-07-55.jpg

 

The Metals:

 

Gold saw slight losses in London before it bounced back to $1223.10 in early New York trade and then dropped back down to $1214.20 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.27%. Silver rose to as high as $15.607 and ended with a gain of 0.26%.

 

Euro gold climbed above €1047, platinum gained $11 to $837, and copper climbed 4 cents to about $2.83.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

U.S. consumer spending rises; wage growth slows in second-quarter  Reuters

Consumer confidence creeps back near 18-year high  MarketWatch

U.S. consumer spending increases solidly in June  Reuters

Home price growth eases again, Case-Shiller reports  MarketWatch

Fed set to hold interest rates steady, remains on track for more hikes  Reuters

U.S. inflation levels off in June, PCE shows  MarketWatch

 

Tomorrow brings ADP employment, Markit manufacturing PMI, the ISM manufacturing index, Construction spending, and a FOMC announcement.

 

The Markets:

 

Oil fell almost 2% on easing concerns about Iran.

 

The U.S. dollar index rose along with treasuries as the yen fell after “after the Bank of Japan surprised markets by keeping its monetary policy ultraloose.”

 

The Dow, Nasdaq, and S&P found decent gains on easing tariff tensions.

 

Among the big names making news in the market today were Shopify, Chipotle, Lloyd's of London, Pfizer, Sony, and Helios and Matheson.

 

GATA Posts:

 

 

Treasury, Fed evade congressman's gold questions so he presses them again, and more

 

The Statistics:

As of close of business: 7/30/2018

Gold Warehouse Stocks:

8,661,188.983

-

Silver Warehouse Stocks:

284,779,884.823

+1,223,096.43

 

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$31,401m

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$5,437m

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$6,010m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

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:

 

Gold Fields’ (GFI) completed joint venture, Yamana Gold’s (AUY) anniversary, Comstock’s (LODE) second quarter results, McEwen’s (MUX) second quarter results, and Paramount’s (PZG) approvals were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  EMX Royalty

EMX +10.4% $1.38

2.  Coeur

CDE +3.55% $7.00

3.  Yamana

AUY +2.90% $3.19

 

LOSERS

1.  McEwen

MUX -2.61% $2.24

2.  Paramount

PZG -1.72% $1.14

3.  IAMGOLD

IAG -1.43% $5.50

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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