• Gold: 1,184.64 0.45
  • Silver: 14.74 -0.07
  • Euro: 1.144 -0.001
  • USDX: 96.101 -0.463
  • Oil: 65.91 0.52

April 23: Gold and Silver Fall Almost 1% and 3%

Chris Mullen
|
Monday, April 23rd

 

Close

Gain/Loss

Gold

$1325.00

-$10.60

Silver

$16.63

-$0.50

XAU

83.25

-2.19%

HUI

179.87

-2.34%

GDM

627.47

-1.48%

JSE Gold

1110.47

+7.05

USD

90.93

+0.60

Euro

122.08

-0.81

Yen

92.09

-0.94

Oil

$68.64

+$0.24

10-Year

2.975%

+0.016

T-Bond

142.9375

-0.15625

Dow

24448.69

-0.06%

Nasdaq

7128.60

-0.25%

S&P

2670.29

+0.01%

 
http://www.goldseek.com/news/2018/2018-04-23_14-02-41.jpg

 

The Metals:

 

Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%.

 

Euro gold fell to about €1085, platinum lost $9 to $915, and copper dropped 3 cents to about $3.11.

 

Gold and silver equities fell nearly 3% in the first half hour of trade before they bounced back higher at times, but they still ended about 2% lower on the day.

 

The Economy:

 

U.S. existing home sales rise; inventory remains tight  Reuters

U.S. economy hits brakes in early 2018, but it's gassed up and ready to go for the spring  MarketWatch

Manufacturers expanding at fastest pace in three years, flash PMI data show  MarketWatch

 

Tomorrow brings S&P Corelogic Case-Shiller HPI, the FHFA House Price Index, New Home Sales, and Consumer Confidence.

 

The Markets:

 

Oil reversed early losses and ended modestly higher on concerns about escalating conflict in the Middle East.

 

The U.S. dollar index followed interest rates higher.

 

Treasuries fell on speculation that the Federal Reserve could raise interest rates more than previously expected.

 

The Dow, Nasdaq, and S&P traded mostly lower on uncertainty about interest rates and tech growth.

 

Among the big names making news in the market today were Rusal, Hasbro, ZTE Corp, Tencent, Halliburton, Netflix, and Sears.

 

GATA Posts:

 

 

Amid 'relentless' futures selling, silver nears breakout, GoldMoney says

Russia says it keeps all its gold reserves at home

NY Fed nominee faults bitcoin for lacking elasticity and central bank sponsorship

 

The Statistics:

As of close of business: 4/20/2018

Gold Warehouse Stocks:

9,049,756.666

-128.604

Silver Warehouse Stocks:

261,751,996.014

+53,379.79

 

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

865.889

27,839,199

US$36,858m

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$5,878m

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$6,496m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.94: +0.51 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,850.82: -35.15 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Taseko

TGB +0.78% $1.30

2.  Paramount

PZG +0.64% $1.60

 

LOSERS

1.  Tahoe Resource

TAHO -6.85% $5.03

2.  Alexco

AXU -6.21% $1.51

3.  Coeur

CDE -5.60% $8.26

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

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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