Gold, Silver Futures Tick Up Slightly

by Angela Nazworth | August 27, 2012 4:43 pm

Gold traded 0.1% higher Monday, with a final bid of $1,672.40 per ounce, according to CME Group data[1]. 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[2].

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[3]) didn’t budge on Monday.

• The SPDR Gold Trust (NYSE:GLD[4]) finished 0.4% lower.
• The iShares Gold Trust (NYSE:IAU[5]) 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[6]) dipped 1.4%.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ[7]) was 1.5% lower.
• The Global X Silver Miners ETF (NYSE:SIL[8]) finished 0.7% lower.

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

• Agnico-Eagle Mines (NYSE:AEM[9]) was down 1.2%.
• Barrick Gold (NYSE:ABX[10]) finished 0.8% lower.
• Eldorado Gold (NYSE:EGO[11]) fell 1.5%.
• Goldcorp (NYSE:GG[12]) dipped 1.2%.
• Kinross Gold (NYSE:KGC[13]) was 2.1% lower.
• Newmont Mining (NYSE:NEM[14]) dropped 0.4%.
• NovaGold Resources fell 3.2%.
• Yamana Gold (NYSE:AUY[15]) finished 1.5% lower.

Silver mining shares also were lower Monday.

• Coeur d’Alene Mines (NYSE:CDE[16]) dropped 1.8%.
• Hecla Mining (NYSE:HL[17]) fell 2.1%.
• Pan American Silver (NASDAQ:PAAS[18]) dipped 0.7%.
• Silver Wheaton (NYSE:SLW[19]) was 0.9% lower.
• Silver Standard Resources (NASDAQ:SSRI[20]) stumbled 2%.

As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[21] contributed to this report.

Source URL: https://investorplace.com/2012/08/gold-silver-futures-tick-up-slightly/

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