Gold futures for December delivery dropped to $1,718.60 on Wednesday, according to CME Group. Gold traded as high as $1,743.10 and as low as $1,705.50. Gold bullion closed in London at $1,722, according to BullionVault.
Silver futures for December delivery fell to $33.71 per ounce. Wednesday’s high for silver was $34.04, while the low was $32.90.
Gold and silver funds decline in Wednesday trading.
- The SPDR Gold Trust (NYSE:GLD) dropped 1.3%.
- The iShares Gold Trust (NYSE:IAU) also fell 1.3%.
- The iShares Silver Trust (NYSE:SLV) slid 0.9%.
Gold and silver mining ETFs were mixed during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) rose 0.9%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) dipped 0.5%.
- The Global X Silver Miners ETF (NYSE:SIL) fell 0.5%.
Gold mining shares mostly rose on Wednesday, with Barrick Gold (NYSE:ABX) rising highest.
- Agnico-Eagle Mines (NYSE:AEM) rose 1.1%.
- Barrick Gold gained 1.4%.
- Eldorado Gold (NYSE:EGO) dipped 0.9%.
- Goldcorp (NYSE:GG) increased 1.2%.
- Kinross Gold (NYSE:KGC) gained 0.9%.
- Newmont Mining (NYSE:NEM) improved 0.7%.
- NovaGold Resources (NYSE:NG) was flat.
- Yamana Gold (NYSE:AUY) climbed 1.3%.
Silver mining shares were mixed on Wednesday.
- Coeur d’Alene Mines (NYSE:CDE) advanced 2.3%.
- Hecla Mining (NYSE:HL) gained 1%.
- Pan American Silver (NASDAQ:PAAS) slipped 0.7%.
- Silver Wheaton (NYSE:SLW) increased 0.5%.
- Silver Standard Resources (NASDAQ:SSRI) plunged 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.