by Angela Nazworth | July 19, 2012 4:48 pm
Gold futures traded 0.6% higher Thursday with a final bid of $1,580.10 per ounce, according to CME Group data. Gold reached a high of $1,591.50 and a low of $1,572.10. Gold bullion ended at $1,584 per ounce for Thursday’s trading session in London, according to BullionVault.
“(Gold) Trading has been quite quiet and dull,” one London market-maker said in a statement this morning. “Gold is caught into the summer doldrums, and I think the Olympic Games will take their toll on the trading flows.”
Silver futures were up about 0.5% with a final bid of $27.20 per ounce. Thursday’s high for silver prices reached $27.49, and the low was $27.12.
Gold trusts rose slightly Thursday, while the iShares Silver Trust (NYSE:SLV) stayed still.
Gold and silver mining ETFs showed decent gains across the board Thursday.
Several gold miners showed varying gains Thursday, with Goldcorp (NYSE:GG) among the best performers. NovaGold Resources (AMEX:NG) and Yamana Gold (NYSE:AUY) went their own way, trading lower Thursday.
Silver mining shares were broadly higher Thursday.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.
Source URL: http://investorplace.com/2012/07/gold-silver-receive-lift-from-the-ditch/
Short URL: http://invstplc.com/1nwcprb
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.