Gold, Silver Barely Move on Friday

by Angela Nazworth | August 10, 2012 5:00 pm

Gold Silver GLD IAU SLV[1]Gold futures about traded 0.1% higher Friday, with a final bid of $1,620 per ounce, according to CME Group data[2]. 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[3].

“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[4].

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[5]) dipped a tad.

Gold and silver mining ETFs also showed varying higher results.

Gold mining shares brought in healthy gains Friday with NovaGold Resources (AMEX:NG[11]) leading the way.

Silver mining shares were mixed on Friday. Silver Standard Resources (NASDAQ:SSRI[19]) fared worst.

As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[24] contributed to this report.

Endnotes:

  1. [Image]: https://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
  2. CME Group data: http://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html
  3. BullionVault: http://www.bullionvault.com/
  4. Nick Trevethan told BullionVault: http://goldnews.bullionvault.com/gold-prices-081020121
  5. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  6. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  7. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  8. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  9. :GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=:GDXJ
  10. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  11. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  12. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  13. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  14. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  15. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  16. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  17. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  18. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  19. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  20. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  21. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  22. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  23. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  24. BullionVault: http://www.bullionvault.com

Source URL: https://investorplace.com/2012/08/gold-silver-barely-move-on-friday/