Gold futures for December delivery dropped to $1,724.80 on Tuesday, according to CME Group. Gold traded as high as $1,733.30 and as low as $1,717.60. Gold bullion closed in London at $1,728, according to BullionVault.
Silver futures for December delivery fell slightly to $32.49 per ounce. Tuesday’s high for silver was $32.83, while the low was $32.10.
Gold and silver funds were mixed in Tuesday trading.
- The SPDR Gold Trust (NYSE:GLD) edged down 0.2%.
- The iShares Gold Trust (NYSE:IAU) also slid 0.2%.
- The iShares Silver Trust (NYSE:SLV) inched up 0.1%.
Gold and silver mining ETFs pulled back during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) fell 1.1%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) declined 2.3%.
- The Global X Silver Miners ETF (NYSE:SIL) retreated 1.4%.
Gold mining shares were mostly lower on Tuesday, with Kinross Gold (NYSE:KGC) falling the most.
- Agnico-Eagle Mines (NYSE:AEM) dipped 1.1%.
- Barrick Gold (NYSE:ABX) slipped 1.6%.
- Eldorado Gold (NYSE:EGO) rose 1.2%.
- Goldcorp (NYSE:GG) fell 1.5%.
- Kinross Gold declined 2.3%.
- Newmont Mining (NYSE:NEM) moved down 1.1%.
- NovaGold Resources (NYSE:NG) dropped 1.3%.
- Yamana Gold (NYSE:AUY) dipped 0.6%.
Silver mining shares mostly retreated on Tuesday.
- Coeur d’Alene Mines (NYSE:CDE) inched up 0.1%.
- Hecla Mining (NYSE:HL) fell 1.2%.
- Pan American Silver (NASDAQ:PAAS) also dipped 1.2%.
- Silver Wheaton (NYSE:SLW) slid 0.9%.
- Silver Standard Resources (NASDAQ:SSRI) declined 1%.
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.