Gold, Silver Receive Lift From the Ditch

by Angela Nazworth | July 19, 2012 4:48 pm

PreciousMetalsRecap Gold, Silver Receive Lift From the Ditch[1]Gold futures traded 0.6% higher Thursday with a final bid of $1,580.10 per ounce, according to CME Group data[2]. 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[3].

“(Gold) Trading has been quite quiet and dull,” one London market-maker said in a statement[4] 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[5]) 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[11]) among the best performers. NovaGold Resources (AMEX:NG[12]) and Yamana Gold (NYSE:AUY[13]) 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[24] contributed to this report.

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  2. CME Group data:
  3. BullionVault:
  4. said in a statement:
  5. SLV:
  6. GLD:
  7. IAU:
  8. GDX:
  9. GDXJ:
  10. SIL:
  11. GG:
  12. NG:
  13. AUY:
  14. AEM:
  15. ABX:
  16. EGO:
  17. KGC:
  18. NEM:
  19. CDE:
  20. HL:
  21. PAAS:
  22. SLW:
  23. SSRI:
  24. BullionVault:

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