Gold futures about traded 0.1% higher Friday, with a final bid of $1,620 per ounce, according to CME Group data. Gold prices reached a high of $1,626.30 and a low of $1,617.30. Gold bullion finished up at $1,619 per ounce for Friday’s trading session in London, according to BullionVault.
“Bullion looks set to mark time until the Federal Reserve symposium [at Jackson Hole, Wyo.] at the end of the month, and to see how the [European Central Bank] intends to address the crisis in Europe,” ANZ senior commodities strategist Nick Trevethan told BullionVault.
Silver futures were down 0.1% Friday , with a final bid of $28.06 per ounce. Friday’s high for silver reached $28.32, and the low was $27.53.
Gold trusts brought in slight gains Friday, but the iShares Silver Trust (NYSE:SLV) dipped a tad.
- The SPDR Gold Trust (NYSE:GLD) was up 0.2%.
- The iShares Gold Trust (NYSE:IAU) was 0.1% higher.
- The iShares Silver Trust dropped 0.1%.
Gold and silver mining ETFs also showed varying higher results.
- The Market Vectors Gold Miners ETF (NYSE:GDX) climbed 0.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) finished 0.2% higher.
- The Global X Silver Miners ETF (NYSE:SIL) fell 0.3%.
Gold mining shares brought in healthy gains Friday with NovaGold Resources (AMEX:NG) leading the way.
- Agnico-Eagle Mines (NYSE:AEM) was up 0.1%.
- Barrick Gold (NYSE:ABX) finished 1.3% higher.
- Eldorado Gold (NYSE:EGO) climbed 0.8%.
- Goldcorp (NYSE:GG) rose 0.5%.
- Kinross Gold (NYSE:KGC) was 2.2% higher.
- Newmont Mining (NYSE:NEM) finished 0.6% higher.
- NovaGold Resources gained 3.6%.
- Yamana Gold (NYSE:AUY) finished up 0.3%.
Silver mining shares were mixed on Friday. Silver Standard Resources (NASDAQ:SSRI) fared worst.
- Coeur d’Alene Mines (NYSE:CDE) jumped 2.4%.
- Hecla Mining (NYSE:HL) dipped 0.4%.
- Pan American Silver (NASDAQ:PAAS) was 0.3% lower.
- Silver Wheaton (NYSE:SLW) rose 0.4% amid news of decent second-quarter earnings.
- Silver Standard Resources (NASDAQ:SSRI) plummeted 3.4% even though its second-quarter results narrowly beat analysts estimates.
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.