Gold futures for December delivery edged up to $1,714.7 on Friday, according to CME Group. Gold traded as high as $1,717.20 and as low as $1,705.60. Gold bullion closed in London at $1,716, according to BullionVault.
Silver futures for December delivery slipped to $32.37 per ounce. Friday’s high for silver was $32.68, while the low was $32.02.
Gold and silver funds moved lower in Friday trading.
- The SPDR Gold Trust (NYSE:GLD) dipped 0.1%.
- The iShares Gold Trust (NYSE:IAU) also slipped 0.1%.
- The iShares Silver Trust (NYSE:SLV) dropped 1%.
Gold and silver mining ETFs improved during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) gained 1.1%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) climbed 1.6%.
- The Global X Silver Miners ETF (NYSE:SIL) rose 1.2%.
Gold mining shares gained on Friday, with NovaGold Resources (NYSE:NG) rising highest.
- Agnico-Eagle Mines (NYSE:AEhM) increased 1%.
- Barrick Gold (NYSE:ABX) climbed 1.4%.
- Eldorado Gold (NYSE:EGO) edged up 0.1%.
- Goldcorp (NYSE:GG) fell 0.5%.
- Kinross Gold (NYSE:KGC) gained 2%.
- Newmont Mining (NYSE:NEM) moved up 1.3%.
- NovaGold Resources surged 3%.
- Yamana Gold (NYSE:AUY) jumped 2%.
Silver mining shares also rose on Friday.
- Coeur d’Alene Mines (NYSE:CDE) inched higher 0.1%.
- Hecla Mining (NYSE:HL) climbed 2.2%.
- Pan American Silver (NASDAQ:PAAS) increased 0.6%.
- Silver Wheaton (NYSE:SLW) gained 2%.
- Silver Standard Resources (NASDAQ:SSRI) soared 3.7%.
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.