Gold futures for February delivery climbed 0.9% to $1,683.90 on Tuesday, according to CME Group. Gold traded as high as $1,684.90 and as low as $1,666.20. Gold bullion closed in London at $1,681, according to BullionVault.
Silver futures for February delivery gained 1.3% to $31.50 per ounce. Tuesday’s high for silver was $31.58, while the low was $30.97.
Gold and silver funds rose in Tuesday trading.
- The SPDR Gold Trust (NYSE:GLD) gained 0.6%.
- The iShares Gold Trust (NYSE:IAU) advanced 0.6%.
- The iShares Silver Trust (NYSE:SLV) rose 1.1%.
Gold and silver mining ETFs increased during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) rose 0.8%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) climbed 1%.
- The Global X Silver Miners ETF (NYSE:SIL) moved up 0.5%.
Gold mining shares were mostly higher, with Kinross Gold (NYSE:KGC) rising the most.
- Agnico-Eagle Mines (NYSE:AEM) gained 0.6%.
- Barrick Gold (NYSE:ABX) rose 1.2%.
- Eldorado Gold (NYSE:EGO) advanced 0.7%.
- Goldcorp (NYSE:GG) gained increased 1.4%.
- Kinross Gold surged 2.7%.
- Newmont Mining (NYSE:NEM) dipped 0.2%.
- NovaGold Resources (AMEX:NG) was flat.
- Yamana Gold (NYSE:AUY) rose 0.5%.
Silver mining shares mostly moved lower on Tuesday.
- Coeur d’Alene Mines (NYSE:CDE) slid 0.9%.
- Hecla Mining (NYSE:HL) tumbled 1.9%.
- Pan American Silver (NASDAQ:PAAS) also dropped 1.9%.
- Silver Wheaton (NYSE:SLW) gained 0.9%
- Silver Standard Resources (NASDAQ:SSRI) fell 1.1%.
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.