Gold Dips, Silver Inches Up Wednesday
by Angela Nazworth | August 22, 2012 4:37 pm
[1]Gold futures were down 0.2% Wednesday, with a final bid of $1,637.60 per ounce, according to CME Group data[2]. 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[3].
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[4]) was up 1.1%.
- The iShares Gold Trust (NYSE:IAU[5]) was 1.1% higher.
- The iShares Silver Trust (NYSE:SLV[6]) rose 1.9%.
Gold and silver mining ETFs jumped as well.
- The Market Vectors Gold Miners ETF (NYSE:GDX[7]) rose 2.4%.
- The Market Vectors Junior Gold Miners ETF climbed 1.9%
- The Global X Silver Miners ETF (NYSE:SIL[8]) finished 1.7% higher.
Gold mining shares had a good day, Wednesday, with Eldorado Gold (NYSE:EGO[9]) leading the way.
- Agnico-Eagle Mines (NYSE:AEM[10]) was up 1.4%.
- Barrick Gold (NYSE:ABX[11]) finished 2% higher.
- Eldorado Gold soared 4.5%.
- Goldcorp (NYSE:GG[12]) rose 2.8%.
- Kinross Gold (NYSE:KGC[13]) was 3.2% higher.
- Newmont Mining (NYSE:NEM[14]) jumped 2.2%.
- NovaGold Resources (AMEX:NG[15]) finished up 1.1%.
- Yamana Gold (NYSE:AUY[16]) surged 3.8%.
Silver mining shares also headed north today.
- Coeur d’Alene Mines (NYSE:CDE[17]) rose 1.5%.
- Hecla Mining (NYSE:HL[18]) climbed 2.5%.
- Pan American Silver (NASDAQ:PAAS[19]) rose 2.2%.
- Silver Wheaton (NYSE:SLW[20]) finished 2.4% higher.
- Silver Standard Resources (NASDAQ:SSRI[21]) rose 1.3%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[22] contributed to this report.
Industrial[23], Precious Metals[24]
Endnotes:
- [Image]: https://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
- CME Group data: http://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html
- BullionVault: http://www.bullionvault.com/
- GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
- IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
- SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
- GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
- SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
- EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
- AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
- ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
- GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
- KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
- NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
- NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
- AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
- CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
- HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
- PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
- SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
- SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
- BullionVault: http://www.bullionvault.com
- Industrial: https://investorplace.com/industries/industrial/
- Precious Metals: https://investorplace.com/industries/industrial/precious-metals/
Source URL: https://investorplace.com/2012/08/gold-dips-silver-inches-up-wednesday/