Gold futures for February delivery declined 0.8% to $1,656.60 on Friday, according to CME Group. Gold traded as high as $1671.60 and as low as $1655. Gold bullion closed in London at $1,661, according to BullionVault.
Silver futures for February delivery fell 1.6% to $31.18 per ounce. Friday’s high for silver was $31.72 an ounce, while the low was $31.17.
Gold and silver funds fell in Friday trading.
- The SPDR Gold Trust (NYSE:GLD) dipped 0.5%.
- The iShares Gold Trust (NYSE:IAU) slid 0.6%.
- The iShares Silver Trust (NYSE:SLV) fell 1.5%.
Gold and silver mining ETFs retreated during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) sank 3%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) dropped 3.1%.
- The Global X Silver Miners ETF (NYSE:SIL) declined 1.7%.
Gold mining shares declined, with Eldorado Gold (NYSE:EGO) falling the most.
- Agnico-Eagle Mines (NYSE:AEM) moved down 3.5%.
- Barrick Gold (NYSE:ABX) fell 1.4%.
- Eldorado Gold plunged 5.9%.
- Goldcorp (NYSE:GG) sank 2.1%.
- Kinross Gold (NYSE:KGC) dropped 5.1%.
- Newmont Mining (NYSE:NEM) declined 1.5%.
- NovaGold Resources (AMEX:NG) tumbled 4%.
- Yamana Gold (NYSE:AUY) moved down 3%.
Silver mining shares pulled bank on Friday.
- Coeur d’Alene Mines (NYSE:CDE) slid 2.7%.
- Hecla Mining (NYSE:HL) fell 2.6%.
- Pan American Silver (NASDAQ:PAAS) dipped 1.1%.
- Silver Wheaton (NYSE:SLW) retreated 2.5%.
- Silver Standard Resources (NASDAQ:SSRI) also slumped 2.5%.
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.