Gold Dips, Silver Inches Up Wednesday

Mining stocks' winning streak continues for another day

   

Gold Dips, Silver Inches Up Wednesday

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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