Gold futures for December delivery fell to $1,775.60 on Tuesday, according to CME Group. Gold traded as high as $1,786.60 and as low as $1,772.30. Gold bullion closed in London at $1,776, according to BullionVault.
Silver futures for December delivery also slipped, closing down at $34.67 per ounce. Tuesday’s high for silver was $35.12, while the low was $34.42.
Gold and silver funds edged lower in Tuesday trading.
- The SPDR Gold Trust (NYSE:GLD) slipped 0.1%.
- The iShares Gold Trust (NYSE:IAU) also fell 0.1%.
- The iShares Silver Trust (NYSE:SLV) declined 0.5%.
Gold and silver mining ETFs also posted modest declines during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) dropped 0.6%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) fell 1%.
- The Global X Silver Miners ETF (NYSE:SIL) dipped 0.2%.
Gold mining shares mostly fell on Tuesday, with NovaGold Resources (AMEX:NG) falling the hardest.
- Agnico-Eagle Mines (NYSE:AEM) moved lower 0.5%
- Barrick Gold (NYSE:ABX) slid 0.7%.
- Eldorado Gold (NYSE:EGO) dipped 0.8%.
- Goldcorp (NYSE:GG) fell 1.3%.
- Kinross Gold (NYSE:KGC) rose 1.5%.
- Newmont Mining (NYSE:NEM) edged down 0.1%.
- NovaGold Resources dropped 2.1%.
- Yamana Gold (NYSE:AUY) declined 1.1%
Silver mining shares closed mostly down in Tuesday trading.
- Coeur d’Alene Mines (NYSE:CDE) fell 2.4%.
- Hecla Mining (NYSE:HL) slid 0.8%.
- Pan American Silver (NASDAQ:PAAS) gained 0.6%.
- Silver Wheaton (NYSE:SLW) declined 1.1%.
- Silver Standard Resources (NASDAQ:SSRI) dropped 1.5%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.