Comex Silver Delivery Intentions Breakdown - Aug 1

Source: CME Group 
AUGUST 2025 COMEX 100 GOLD FUTURES 
INTENT DATE:   07/31/2025          DELIVERY DATE: 08/04/2025 
 
FIRM    ORG   FIRM NAME                   ISSUED     STOPPED 
118      C    MACQUARIE FUTURES US                         8 
118      H    MACQUARIE FUTURES US                       223 
132      C    SG AMERICAS                    243 
190      H    BMO CAPITAL MARKETS                        786 
285      C    NANHUA USA-HK                                4 
323      C    HSBC                           722         233 
332      H    STANDARD CHARTERED B                       125 
363      H    WELLS FARGO SECURITI                        74 
435      H    SCOTIA CAPITAL (USA)                        36 
555      C    BNP PARIBAS SEC CORP                        70 
657      C    MORGAN STANLEY                              50 
657      H    MORGAN STANLEY                 416 
661      C    JP MORGAN SECURITIES           335         530 
686      C    STONEX FINANCIAL INC            25          15 
690      C    ABN AMRO CLR USA LLC            49          11 
709      C    BARCLAYS                                    19 
732      C    RBC CAP MARKETS                              5 
732      H    RBC CAP MARKETS                393 
800      C    MAREX SPEC                       1 
880      C    CITIGROUP                                    8 
905      C    ADM                             13 
 
                            TOTAL:         2,197       2,197 
                    MONTH TO DATE:                    17,501 
 
 
 
Write to Linda Rice at csstat@dowjones.com 
 

Oil futures flit between small gains and losses as the U.S. tariff deadline passes, with tariffs due to kick in on Aug. 7, fueling concerns about demand. "Values are being supported by the need to maintain risk premium for possibly another week on the chance that secondary tariffs may be placed on importers of Russian oil," Ritterbusch says in a note. "Oil price downside in response to expected weakening in economic and oil demand growth paths is being limited mainly to the product markets." WTI is up 0.1% at $69.30 a barrel, and Brent is down 0.1% at $71.65 as October moves to the front of the curve. (anthony.harrup@wsj.com)

By Robb M. Stewart

Newmont collected $100 million from Chinese miner Zijin Mining Group as part of the gold and copper producer's exit from a mine in Ghana.

Newmont said Friday that Ghana's parliament ratified the renewal of the Akyem East mining lease, triggering a payment by Zijin as part of the Denver-based company's deal to sell its Akyem operations in Ghana to the Chinese company.

Newmont said the payment brings after-cash proceeds from the sale of Akyem to about $770 million.

It now expects to generate $3.1 billion after tax from a 2025 divestment program, including $2.6 billion from selling assets and about $470 million offloading equity stakes in Greatland Resources and Discovery Silver. The money will be used to cut debt and return capital to shareholders, and to support Newmont's investment priorities, it said.

Newmont announced last October that it had reached a deal to sell Akyem, one of Ghana's largest gold operations, to Hong Kong-listed Zijin. The sale of the Akyem operation, along with Newmont's Porcupine operations in Canada, were finalized in April.

Write to Robb M. Stewart at robb.stewart@wsj.com

The July jobs report showing fewer new jobs added than economists expected sends gold futures up, pushing the most-active contract 1.3% higher after starting the day virtually flat. The government also said revisions for May and June were larger than normal. The report is being taken as a sign the labor market may be weaker than previously believed. The data is likely to add more pressure for Fed to cut rates in September. Fed Chair Powell's comments after leaving interest rates unchanged Wednesday had been keeping a lid on gold, with Powell not willing to signal if a cut was coming next month. "Powell thus gave the impression that everything was still open," says Commerzbank in a note. The dollar has turned weaker, with the WSJ index down 0.8%. (kirk.maltais@wsj.com)

Spot gold prices rose over 1% to surpass $3,340 per ounce on Friday, as the latest US jobs report added to evidence of a cooling labor market and strengthened expectations of a Federal Reserve rate cut in September.

The US economy added just 73,000 jobs in July, falling short of the 100,000 projected by analysts, while the unemployment rate ticked up to 4.2%, up from 4.1% in June.

In response, markets are now pricing in a 75% probability of a September rate cut—up sharply from 45% prior to the report.

The data followed stronger-than-expected PCE inflation figures released on Thursday, which highlighted persistent price pressures and further complicated the Fed’s policy outlook.

Separately, President Trump reaffirmed plans for a 10% global base tariff and introduced new retaliatory duties of up to 41% on countries lacking trade agreements with the US. He also announced a 40% tariff on goods suspected of being rerouted through third countries to evade existing duties.