Gold, Silver Futures Tick Up Slightly

The metals trade slightly higher but some miners take steep hits

   

Gold, Silver Futures Tick Up Slightly

PreciousMetalsRecap Gold, Silver Futures Tick Up SlightlyGold traded 0.1% higher Monday, with a final bid of $1,672.40 per ounce, according to CME Group data. Gold prices reached a high of $1,676 and a low of $1,666.50. Gold bullion finished at $1,670 per ounce for Monday’s session in London.

Silver futures climbed 0.1% Monday, with a final bid of $31.05 per ounce. Monday’s high for silver reached $31.23, and the low was $30.65.

Gold funds traded lower while iShares Silver Trust (NYSE:SLV) didn’t budge on Monday.

  • The SPDR Gold Trust (NYSE:GLD) finished 0.4% lower.
  • The iShares Gold Trust (NYSE:IAU) also was 0.4% higher.
  • The iShares Silver Trust was flat.

Gold and silver mining ETFs suffered losses.

  • The Market Vectors Gold Miners ETF (NYSE:GDX) dipped 1.4%.
  • The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) was 1.5% lower.
  • The Global X Silver Miners ETF (NYSE:SIL) finished 0.7% lower.

Gold mining shares fell Monday, with NovaGold Resources taking it on the chin.

  • Agnico-Eagle Mines (NYSE:AEM) was down 1.2%.
  • Barrick Gold (NYSE:ABX) finished 0.8% lower.
  • Eldorado Gold (NYSE:EGO) fell 1.5%.
  • Goldcorp (NYSE:GG) dipped 1.2%.
  • Kinross Gold (NYSE:KGC) was 2.1% lower.
  • Newmont Mining (NYSE:NEM) dropped 0.4%.
  • NovaGold Resources fell 3.2%.
  • Yamana Gold (NYSE:AUY) finished 1.5% lower.

Silver mining shares also were lower Monday.

  • Coeur d’Alene Mines (NYSE:CDE) dropped 1.8%.
  • Hecla Mining (NYSE:HL) fell 2.1%.
  • Pan American Silver (NASDAQ:PAAS) dipped 0.7%.
  • Silver Wheaton (NYSE:SLW) was 0.9% lower.
  • Silver Standard Resources (NASDAQ:SSRI) stumbled 2%.

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-silver-futures-tick-up-slightly/.

©2014 InvestorPlace Media, LLC

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