Gold futures for December delivery fell back to $1,710.90 on Friday, according to CME Group. Gold traded as high as $1,731.20 and as low as $1,709.40. Gold bullion closed in London at $1,717, according to BullionVault.
Silver futures for December delivery slid to $33.20 per ounce. Friday’s high for silver was $34.35, while the low was $33.14.
Gold and silver funds moved lower in Friday trading.
- The SPDR Gold Trust (NYSE:GLD) fell 0.7%.
- The iShares Gold Trust (NYSE:IAU) also dipped 0.7%.
- The iShares Silver Trust (NYSE:SLV) declined 2.3%.
Gold and silver mining ETFs retreated during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) slid 1%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) sank 1.6%.
- The Global X Silver Miners ETF (NYSE:SIL) slipped 0.6%.
Gold mining shares declined on Friday, with Kinross Gold (NYSE:KGC) falling the most.
- Agnico-Eagle Mines (NYSE:AEM) moved down 1%.
- Barrick Gold (NYSE:ABX) retreated 1.1%.
- Eldorado Gold (NYSE:EGO) dipped 0.2%.
- Goldcorp (NYSE:GG) fell 1.4%.
- Kinross Gold sank 1.9%.
- Newmont Mining (NYSE:NEM) edged up 0.1%.
- NovaGold Resources (NYSE:NG) declined 1.6%.
- Yamana Gold (NYSE:AUY) slid 1%.
Silver mining shares mostly retreated Friday.
- Coeur d’Alene Mines (NYSE:CDE) rose 0.4%.
- Hecla Mining (NYSE:HL) dipped 0.3%.
- Pan American Silver (NASDAQ:PAAS) fell 0.7%.
- Silver Wheaton (NYSE:SLW) sank 0.8%.
- Silver Standard Resources (NASDAQ:SSRI) tumbled 1.8%.
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.