• Gold: 1,226.20 -0.19
  • Silver: 14.58 -0.05
  • Euro: 1.151 0.000
  • USDX: 95.713 -0.243
  • Oil: 69.63 0.88

April 25: Gold and Silver Fall Roughly 1%

Chris Mullen
|
Wednesday, April 25th

 

Close

Gain/Loss

Gold

$1323.10

-$8.40

Silver

$16.56

-$0.17

XAU

82.47

-0.97%

HUI

180.83

-0.85%

GDM

628.27

-0.76%

JSE Gold

1095.11

-17.72

USD

91.20

+0.43

Euro

121.74

-0.63

Yen

91.53

-0.60

Oil

$68.05

+$0.35

10-Year

3.026%

+0.034

T-Bond

141.75

-0.78125

Dow

24083.83

+0.25%

Nasdaq

7003.74

-0.05%

S&P

2639.40

+0.18%

 
http://www.goldseek.com/news/2018/2018-04-25_14-03-55.jpg

 

The Metals:

 

Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York, but it still ended with a loss of 0.63%. Silver slipped to as low as $16.503 and ended with a loss of 1.02%.

 

Euro gold fell to about €1087, platinum lost $14 to $915, and copper dropped a penny to about $3.13.

 

Gold and silver equities traded mostly slightly lower and ended with modest losses.

 

The Economy:

 

U.S. Congress girds for fight over expected Trump spending cuts  Reuters

Why High-Flying U.S. Home Prices Seen Getting Another Jolt  Bloomberg

Jobs guarantee plans bring uncomfortable truth about the Fed to the fore  MarketWatch

 

Tomorrow brings Initial Jobless Claims, Durable Goods Orders, International Trade in Goods, and Wholesale Inventories.

 

The Markets:

 

Oil ended modestly higher in mixed trade after the Energy Information Administration reported that crude inventories rose 2.2 million barrels, gasoline inventories rose 800,000 barrels, and distillates fell 2.6 million barrels.

 

The U.S. dollar index resumed its march higher and treasuries fell as interest rates continued to rise on inflation uncertainty.

 

The Dow, Nasdaq, and S&P held near unchanged on mixed earnings reports.

 

Among the big names making news in the market today were LendingClub, Bosch, Comcast, Chevron, Herbalife, and GE.

 

GATA Posts:

 

 

Trump's bank watchdog bought financial stocks up until taking office

Ex-UBS metals trader beats spoofing conspiracy charge

 

The Statistics:

As of close of business: 4/24/2018

Gold Warehouse Stocks:

9,049,756.666

-

Silver Warehouse Stocks:

261,039,770.559

-8,862.635

 

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

871.196

28,009,830

US$37,009m

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$5,866m

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$6,483m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.307 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.94: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,856.67: +49.80 change from yesterday’s data.

 

The Miners:

 

IAMGOLD’s (IAG) strategic investment in Tradewind Blockchain and Gold Fields’ (GFI) operating update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Gold Fields

GFI -5.57% $3.73

2.  Freeport

FCX -4.42% $15.37

3.  Gold Standard

GSV -4.14% $1.62

 

LOSERS

1.  Americas Silver

USAS+12.23% $4.22

2.  Harmony

HMY +1.55% $1.97

3.  First Majestic

AG +1.22% $6.64

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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