by Angela Nazworth | August 17, 2012 5:12 pm
Gold futures were flat Friday, with a final bid of $1,616.70 per ounce, according to CME Group data. Gold prices reached a high of $1,620 and a low of $1,614.10. Gold bullion traded at $1,619 per ounce for Friday’s trading session in London, according to BullionVault.
“The market is still moving on changing expectations of central bank actions,” ANZ Senior Commodity Strategist Nick Trevethan said. “[Gold in dollars] is so far unwilling to push prices out of the $1590 to $1630 range.”
Silver futures were 0.7% lower Friday, with a final bid of $28 per ounce. Friday’s high for silver reached $28.29, and the low was $27.96.
Gold funds ticked up Friday, while iShares Silver Trust (NYSE:SLV) dipped.
Gold and silver mining ETFs were mixed.
Most gold mining shares suffered losses Friday.
Silver mining shares were mixed.
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/2012/08/flat-friday-for-gold-silver-inches-lower/
Short URL: http://invstplc.com/1nCdiyo
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.