Gold Climbs Modestly on Consumer Price Data

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Gold Silver GLD IAU SLVGold edged higher in Friday trading as the U.S. dollar fell against other currencies and a government report showed rising consumer prices. The metal posted a small gain for the week.

Gold futures for April delivery inched up 0.1% to $1,592.60 per ounce on Friday, according to CME Group. Gold traded as high as $1,597.90 and as low as $1,587.30. Gold bullion closed in London at $1,595, according to BullionVault.

Silver futures for April delivery rose 0.2% to $28.83 per ounce. Friday’s high for silver was $28.96, while the low was $28.72.

Gold and silver funds were mostly higher in Friday trading.

  • The SPDR Gold Trust (NYSE:GLD) climbed 0.2%.
  • The iShares Gold Trust (NYSE:IAU) also rose 0.2%.
  • The iShares Silver Trust (NYSE:SLV) was flat.

Gold and silver mining ETFs moved up during the day.

  • The Market Vectors Gold Miners ETF (NYSE:GDX) rose 0.2%.
  • The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) increased 1.6%.
  • The Global X Silver Miners ETF (NYSE:SIL) edged up 0.2%.

Gold mining shares mostly gained on Friday.

  • Agnico-Eagle Mines (NYSE:AEM) fell 0.4%.
  • Barrick Gold (NYSE:ABX) rose 0.2%
  • Eldorado Gold (NYSE:EGO) increased 0.9%.
  • Goldcorp (NYSE:GG) was flat.
  • Kinross Gold (NYSE:KGC) slipped 0.4%.
  • Newmont Mining (NYSE:NEM) advanced 0.2%.
  • NovaGold Resources (AMEX:NG) climbed 1.3%.
  • Yamana Gold (NYSE:AUY) slipped 0.1%.

Silver mining shares also mostly advanced.

  • Coeur d’Alene Mines (NYSE:CDE) increased 2%.
  • Hecla Mining (NYSE:HL) rose 1.4%.
  • Pan American Silver (NASDAQ:PAAS) improved 0.7%.
  • Silver Wheaton (NYSE:SLW) dipped 0.8%.
  • Silver Standard Resources (NASDAQ:SSRI) gained 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.


Article printed from InvestorPlace Media, https://investorplace.com/2013/03/gold-climbs-modestly-on-consumer-price-data/.

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