Gold, Silver Futures Tick Up Slightly

The metals trade slightly higher but some miners take steep hits

   

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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