• Gold: 1,239.94 1.65
  • Silver: 14.63 0.05
  • Euro: 1.134 0.004
  • USDX: 97.198 -0.245
  • Oil: 52.09 0.87

November 30: Gold and Silver End Slightly Lower on the Week

Chris Mullen
|
Friday, November 30th

 

Close

Gain/Loss

On Week

Gold

$1221.70

-$2.20

-0.09%

Silver

$14.17

-$0.13

-0.49%

XAU

64.46

-0.52%

-1.24%

HUI

145.04

-0.93%

-1.88%

GDM

531.74

-0.56%

-1.54%

JSE Gold

1098.81

-25.26

-3.68%

USD

97.19

+0.41

+0.29%

Euro

113.20

-0.69

-0.08%

Yen

88.21

-0.09

-0.62%

Oil

$50.93

-$0.52

+1.01%

10-Year

3.002%

-0.027

-1.22%

Bond

140.71875

+0.59375

+0.49%

Dow

25538.46

+0.79%

+5.16%

Nasdaq

7330.54

+0.79%

+5.64%

S&P

2760.16

+0.82%

+4.85%

 
http://www.goldseek.com/news/2018/2018-11-30_14-01-29.jpg

 

The Metals:

 

Gold fell $7.20 to $1216.70 by midmorning in New York, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.18%. Silver slipped to as low as $14.052 before it also rebounded, but it still ended with a loss of 0.91%.

 

Euro gold climbed above €1079, platinum lost $21 to $796, and copper remained at about $2.78.

 

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

 

The Economy:

 

BRICS slam protectionism as China-US spat overshadows G20 talks  Reuters

G-20: Donald Trump, Xi Jinping meet to discuss US-China trade war  CNBC

Businesses in Chicago region grow at fastest pace in 4 1/2 years, survey shows  MarketWatch

Fed Kashkari: Rates should not go up when jobs strong and inflation tame  CNBC

 

The Markets:

 

Oil fell 1% on continued talk over possible output cuts.

 

The U.S. dollar index rose as the euro and pound fell again on Brexit concerns.

 

Treasuries climbed higher on the outlook for a more flexible fed.

 

The Dow, Nasdaq, and S&P ultimately rose on hopes for progress in trade talks at G20 this weekend.

 

Among the big names making news in the market Friday were Deutsche Bank, GM, GE, and Marriott.

 

The Statistics:

Activity from: 11/29/2018

Gold Warehouse Stocks:

8,021,309.772

-

Silver Warehouse Stocks:

295,167,761.267

+223,411.425

 

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

761.743

24,490,803

US$29,809m

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$5,419m

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$5,989m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$438m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.75: +0.27 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,043.52: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Golden Star

GSS +5.36% $2.95

2.  Gold Standard

GSV +2.54% $1.21

3.  EMX Royalty

EMX +1.28% $1.19

 

LOSERS

1.  Gold Fields

GFI -4.56% $2.93

2.  Sibanye

SBGL -4.31% $2.44

3.  Endeavour Silver

EXK -3.14% $1.85

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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