Gold futures for February delivery fell 1.03% to $1,660.60 on Friday, according to CME Group. Gold traded as high as $1,676.90 and as low as $1,653.10. Gold bullion closed in London at $1,665, according to BullionVault.
Silver futures for February delivery fell 1.65% to $30.44 per ounce. Friday’s high for silver was $30.79, while the low was $30.18.
Gold and silver funds were slightly lower in Friday trading.
- The SPDR Gold Trust (NYSE:GLD) fell 0.6%.
- The iShares Gold Trust (NYSE:IAU) fell 0.6%.
- The iShares Silver Trust (NYSE:SLV) fell 1%.
Gold and silver mining ETFs were also down during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) was flat.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) fell 1.3%.
- The Global X Silver Miners ETF (NYSE:SIL) was flat.
Gold mining shares were mostly lower, with Goldcorp (NYSE:GG) losing the most.
- Agnico-Eagle Mines (NYSE:AEM) rose 0.4%.
- Barrick Gold (NYSE:ABX) fell 0.7%.
- Eldorado Gold (NYSE:EGO) rose 1.6%.
- Goldcorp fell 1.1%.
- Kinross Gold (NYSE:KGC) fell 0.4%.
- Newmont Mining (NYSE:NEM) fell 0.4%.
- NovaGold Resources (AMEX:NG) fell 0.8%.
- Yamana Gold (NYSE:AUY) fell 0.5%.
Silver mining shares mostly advanced on Friday.
- Coeur d’Alene Mines (NYSE:CDE) rose 0.7%.
- Hecla Mining (NYSE:HL) was flat.
- Pan American Silver (NASDAQ:PAAS) rose 1%.
- Silver Wheaton (NYSE:SLW) fell 0.2%
- Silver Standard Resources (NASDAQ:SSRI) fell 3.2%.
As of this writing, Nate Wooley has a pending buy order for SSRI. Adrian Ash of BullionVault contributed to this report.