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.

Source URL: https://investorplace.com/2012/08/gold-dips-silver-inches-up-wednesday/

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