Gold Dips, Silver Inches Up Wednesday

Mining stocks' winning streak continues for another day

   

PreciousMetalsRecap Gold Dips, Silver Inches Up WednesdayGold futures were down 0.2% Wednesday, with a final bid of $1,637.60 per ounce, according to CME Group data. Gold prices reached a high of $1,647.30 and a low of $1,635. Gold bullion traded at higher at $1,655 per ounce for Wednesday’s session in London, according to BullionVault.

Silver futures inched up 0.4% Wednesday, with a final bid of $29.56 per ounce. Wednesday’s high for silver reached $29.67, and the low was $29.17.

Gold and silver funds moved up Wednesday.

  • The SPDR Gold Trust (NYSE:GLD) was up 1.1%.
  • The iShares Gold Trust (NYSE:IAU) was 1.1% higher.
  • The iShares Silver Trust (NYSE:SLV) rose 1.9%.

Gold and silver mining ETFs jumped as well.

  • The Market Vectors Gold Miners ETF (NYSE:GDX) rose 2.4%.
  • The Market Vectors Junior Gold Miners ETF climbed 1.9%
  • The Global X Silver Miners ETF (NYSE:SIL) finished 1.7% higher.

Gold mining shares had a good day, Wednesday, with Eldorado Gold (NYSE:EGO) leading the way.

  • Agnico-Eagle Mines (NYSE:AEM) was up 1.4%.
  • Barrick Gold (NYSE:ABX) finished 2% higher.
  • Eldorado Gold soared 4.5%.
  • Goldcorp (NYSE:GG) rose 2.8%.
  • Kinross Gold (NYSE:KGC) was 3.2% higher.
  • Newmont Mining (NYSE:NEM) jumped 2.2%.
  • NovaGold Resources (AMEX:NG) finished up 1.1%.
  • Yamana Gold (NYSE:AUY) surged 3.8%.

Silver mining shares also headed north today.

  • Coeur d’Alene Mines (NYSE:CDE) rose 1.5%.
  • Hecla Mining (NYSE:HL) climbed 2.5%.
  • Pan American Silver (NASDAQ:PAAS) rose 2.2%.
  • Silver Wheaton (NYSE:SLW) finished 2.4% higher.
  • Silver Standard Resources (NASDAQ:SSRI) rose 1.3%.

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.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/gold-dips-silver-inches-up-wednesday/.

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