Gold futures for December delivery fell to $1,744 on Thursday, according to CME Group. Gold traded as high as $1,753.40 and as low as $1,739. Gold bullion closed in London at $1,744, according to BullionVault.
Silver futures for December delivery also closed down at $32.68 per ounce. Thursday’s high for silver was $33.33, while the low was $32.75.
Gold and silver funds dropped in Thursday trading.
- The SPDR Gold Trust (NYSE:GLD) slid 0.4%.
- The iShares Gold Trust (NYSE:IAU) also fell 0.4%
- The iShares Silver Trust (NYSE:SLV) declined 1.2%.
Gold and silver mining ETFs moved lower during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) dropped 3%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) slipped 1.4%.
- The Global X Silver Miners ETF (NYSE:SIL) moved down 1.9%.
Gold mining shares declined on Thursday, with Eldorado Gold (NYSE:EGO) falling the hardest.
- Agnico-Eagle Mines (NYSE:AEM) edged lower 0.7%
- Barrick Gold (NYSE:ABX) fell 2.6%.
- Eldorado Gold dropped 4.3%.
- Goldcorp (NYSE:GG) declined 3.3%.
- Kinross Gold (NYSE:KGC) slid 3%.
- Newmont Mining (NYSE:NEM) moved down 1.9%.
- NovaGold Resources (AMEX:NG) tumbled 2.9%.
- Yamana Gold (NYSE:AUY) dipped 2.6%.
Silver mining shares retreated in Thursday trading.
- Coeur d’Alene Mines (NYSE:CDE) fell 2.5%.
- Hecla Mining (NYSE:HL) dipped 2%.
- Pan American Silver (NASDAQ:PAAS) slipped 1.9%.
- Silver Wheaton (NYSE:SLW) declined 1.7%.
- Silver Standard Resources (NASDAQ:SSRI) tumbled 3.4%.
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.