• Gold: 1,321.18 -1.05
  • Silver: 15.53 -0.01
  • Euro: 1.131 0.000
  • USDX: 96.566 -0.067
  • Oil: 59.23 0.1

January 2: Gold and Silver End Higher in Mixed Trade

Chris Mullen
|
Wednesday, January 2nd

 

Close

Gain/Loss

Gold

$1283.00

+$0.80

Silver

$15.51

+$0.04

XAU

70.94

+0.40%

HUI

160.71

+0.08%

GDM

586.15

-0.39%

JSE Gold

1397.58

+21.83

USD

96.79

+0.65

Euro

113.44

-1.15

Yen

91.69

+0.46

Oil

$46.54

+$1.13

10-Year

2.655%

-0.028

T-Bond

146.96875

+0.96875

Dow

23346.24

+0.08%

Nasdaq

6665.94

+0.46%

S&P

2510.03

+0.13%

 
http://www.goldseek.com/news/2019/2019-01-02_14-02-25.jpg

 

The Metals:

 

Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $1278.90 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $15.607 and ended with a gain of 0.26%.

 

Euro gold rose above €1130, platinum lost $3.50 to $789.50, and copper dropped 3 cents to about $2.61.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Chinese manufacturing had an even worse December than expected, more data show  CNBC

The first economic data from December is in and it shows trouble  CNBC

With global growth in question, 10-year yield hits 11-month low  Reuters

U.S. manufacturers expand at slowest pace in 15 months as business confidence wanes, IHS Markit finds  MarketWatch

Why the jobs report will continue to be produced even though it relies on the shutdown Census Bureau  MarketWatch

 

Tomorrow brings ADP employment, Weekly jobless claims, and ISM manufacturing.

 

The Markets:

 

Oil climbed 2.5% “amid signs that Middle Eastern producers were fulfilling a pledge to cut exports.”

 

The U.S. dollar index found notable gains as the pound and euro fell on lack of progress in Brexit talks.

 

Treasuries rose on heightened global growth concerns after a new round economic reports failed to live up to expectations.

 

The Dow, Nasdaq, and S&P fell markedly at the open before they reversed to find gains by early afternoon, but they then fell back off again into the close and ended just modestly higher as worries about global economic growth lingered.

 

Among the big names making news in the market today were Google, GM, GW Pharma, and Tesla.

 

GATA Posts:

 

 

Key Fed yield gauge points to rate cuts for first time since 2008

What if nobody cares about market rigging? Do you?

U.S. Mint's American Eagle 2018 gold, silver coin sales at 11-year lows

Indian government ponders ending hostility to gold

What states are doing to offer more currency competition

 

The Statistics:

As of close of business: 12/31/2018

Gold Warehouse Stocks:

8,434,261.646

-

Silver Warehouse Stocks:

293,250,284.348

-651,011.56

 

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

787.669

25,324,339

US$32,477m

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$5,706m

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$6,306m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 280.23: +0.36 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: No change from yesterday’s data.

 

The Miners:

 

The Barrick-Randgold Merger and the Pan American-Tahoe Resources merger were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Eldorado

EGO +10.07% $3.17

2.  Coeur

CDE +7.61% $4.81

3.  Silvercorp

SVM +5.24% $2.21

 

LOSERS

1.  Randgold

GOLD-3.25% $13.10

2.  Royal Gold

RGLD -1.18% $84.64

3.  Wheaton

WPM -1.18% $19.30

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 2019

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