Gold traded 1.9% higher Friday, with a final bid of $1,684.60 per ounce, according to CME Group data. Gold prices reached a high of $1,684.90 and a low of $1,646.20. Gold bullion jumped 2.1% to finish Friday at $1,695 per ounce in London, according to BullionVault.
Silver futures spiked 3.2% Friday, with a final bid of $31.37 per ounce. Friday’s high for silver reached $31.50, and the low was $30.26.
Gold and silver funds brought in significant gains Friday.
- The SPDR Gold Trust (NYSE:GLD) climbed 2.3%.
- The iShares Gold Trust (NYSE:IAU) also rose 2.3%.
- The iShares Silver Trust (NYSE:SLV) surged 4.6%.
Gold and silver mining ETFs soared Friday.
- The Market Vectors Gold Miners ETF (NYSE:GDX) jumped 4.2%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) spiked 5.5%.
- The Global X Silver Miners ETF (NYSE:SIL) soared 5.3%.
Most gold mining shares reported hefty gains.
- Agnico-Eagle Mines (NYSE:AEM) jumped 5%.
- Barrick Gold (NYSE:ABX) showed 3.9% gains.
- Eldorado Gold (NYSE:EGO) finished 3.9% higher.
- Goldcorp (NYSE:GG) rose 4.1%.
- Kinross Gold (NYSE:KGC) climbed 4.6%
- Newmont Mining (NYSE:NEM) finished 4.4% higher.
- NovaGold Resources (AMEX:NG) soared 6.7%
- Yamana Gold (NYSE:AUY) jumped 5%.
Silver mining shares surged Friday.
- Coeur d’Alene Mines (NYSE:CDE) rose 4.7%.
- Hecla Mining (NYSE:HL) climbed 4.8%.
- Pan American Silver (NASDAQ:PAAS) spiked 5.5%.
- Silver Wheaton (NYSE:SLW) was 5.2% higher.
- Silver Standard Resources (NASDAQ:SSRI) soared 7.9%.
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.