Gold Ends Slightly Down Ahead of Meetings

by Nate Wooley | January 9, 2013 5:05 pm

PreciousMetalsRecap Gold Ends Slightly Down Ahead of Meetings[1]Gold and silver prices wobbled Wednesday after yesterday’s big advances, with investors looking toward Thursday’s pair of meetings at the European Central Bank and the Bank of England.

Gold futures for February delivery fell 0.4% to $1,655.50 on Wednesday, according to CME Group[2]. Gold traded as high as $1,666 and as low as $1,651.30. Gold bullion closed in London at $1,660, according to BullionVault[3].

Silver futures for February delivery dropped 0.7% to $30.43 per ounce. Wednesday’s high for silver was $30.42, while the low was $30.13.

Gold and silver funds were mixed in Wednesday trading.

Gold and silver mining ETFs mostly fell during the day.

Gold mining shares were mostly lower, with Kinross Gold (NYSE:KGC[10]) losing the most.

Silver mining shares mostly advanced on Wednesday.

As of this writing, Nate Wooley did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
  2. CME Group: http://investorplace.com/2013/01/weak-jobs-report-lessens-gold-slide/www.cmegroup.com
  3. BullionVault: http://investorplace.com/2013/01/weak-jobs-report-lessens-gold-slide/www.bullionvault.com
  4. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  5. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  6. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  7. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  8. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  9. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  10. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  11. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  12. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  13. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  14. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  15. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  16. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  17. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  18. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  19. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  20. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  21. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  22. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  23. BullionVault: http://www.bullionvault.com/

Source URL: http://investorplace.com/2013/01/gold-ends-slightly-down-ahead-of-meetings/
Short URL: http://invstplc.com/1fRZQCx