Gold futures for February delivery rose 0.5% to $1,717.90 on Wednesday, according to CME Group. Gold traded as high as $1,725 and as low as $1,708.50. Gold bullion closed in London at $1,715, according to BullionVault.
Silver futures for February delivery climbed 2.3% to $33.75 per ounce. Wednesday’s high for silver was $33.79, while the low was $33.03.
Gold and silver funds rose in Wednesday trading.
- The SPDR Gold Trust (NYSE:GLD) gained 0.1%.
- The iShares Gold Trust (NYSE:IAU) also added 0.1%.
- The iShares Silver Trust (NYSE:SLV) climbed 1.4%.
Gold and silver mining ETFs rose during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) surged 2.9%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) rose 1.9%.
- The Global X Silver Miners ETF (NYSE:SIL) advanced 2.4%.
Gold mining shares were moved higher, with NovaGold Resources (NYSE:NG) rising the most.
- Agnico-Eagle Mines (NYSE:AEM) increased 1.2%.
- Barrick Gold (NYSE:ABX) surged 3.3%.
- Eldorado Gold (NYSE:EGO) gained 2.7%.
- Goldcorp (NYSE:GG) rose 3.3%.
- Kinross Gold (NYSE:KGC) advanced 2.3%.
- Newmont Mining (NYSE:NEM) edged up 0.6%.
- NovaGold Resources soared 3.5%.
- Yamana Gold (NYSE:AUY) added 1.7%.
Silver mining shares advanced on Wednesday.
- Coeur d’Alene Mines (NYSE:CDE) moved up 0.8%.
- Hecla Mining (NYSE:HL) increased 0.7%.
- Pan American Silver (NASDAQ:PAAS) gained 3.4%.
- Silver Wheaton (NYSE:SLW) advanced 3.2%.
- Silver Standard Resources (NASDAQ:SSRI) surged 4.8%.
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.