Gold futures for February delivery declined 0.4% to $1,686.70 on Wednesday, according to CME Group. Gold traded as high as $1,694.80 and as low as $1,683.10. Gold bullion closed in London at $1,688, according to BullionVault.
Silver futures for February delivery rose 0.7% to $32.41 per ounce. Wednesday’s high for silver was $32.43 an ounce, while the low was $32.11.
Gold and silver funds mostly dropped in Wednesday trading.
- The SPDR Gold Trust (NYSE:GLD) fell 0.3%.
- The iShares Gold Trust (NYSE:IAU) also slipped 0.4%.
- The iShares Silver Trust (NYSE:SLV) climbed 0.2%.
Gold and silver mining ETFs declined during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) tumbled 2.8%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) dropped 2.1%.
- The Global X Silver Miners ETF (NYSE:SIL) sank 1.7%.
Gold mining shares moved down, with Kinross Gold (NYSE:KGC) falling the hardest.
- Agnico-Eagle Mines (NYSE:AEM) declined 2.7%.
- Barrick Gold (NYSE:ABX) fell 2.1%.
- Eldorado Gold (NYSE:EGO) slid 2.2%.
- Goldcorp (NYSE:GG) dropped 2.7%.
- Kinross Gold tumbled 3.9%.
- Newmont Mining (NYSE:NEM) declined 1.8%.
- NovaGold Resources (AMEX:NG) sank 3.2%.
- Yamana Gold (NYSE:AUY) moved down 2.7%.
Silver mining shares also moved lower on Wednesday.
- Coeur d’Alene Mines (NYSE:CDE) slipped 0.5%.
- Hecla Mining (NYSE:HL) fell 1.9%.
- Pan American Silver (NASDAQ:PAAS) retreated 1.6%.
- Silver Wheaton (NYSE:SLW) sank 2%.
- Silver Standard Resources (NASDAQ:SSRI) dropped 2%.
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.