Gold Climbs Modestly on Consumer Price Data
by Christopher Freeburn | March 15, 2013 4:30 pm
[1]Gold edged higher in Friday trading as the U.S. dollar fell against other currencies and a government report showed rising consumer prices[2]. 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[3]. 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[4].
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[5]) climbed 0.2%.
- The iShares Gold Trust (NYSE:IAU[6]) also rose 0.2%.
- The iShares Silver Trust (NYSE:SLV[7]) was flat.
Gold and silver mining ETFs moved up during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX[8]) rose 0.2%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ[9]) increased 1.6%.
- The Global X Silver Miners ETF (NYSE:SIL[10]) edged up 0.2%.
Gold mining shares mostly gained on Friday.
- Agnico-Eagle Mines (NYSE:AEM[11]) fell 0.4%.
- Barrick Gold (NYSE:ABX[12]) rose 0.2%
- Eldorado Gold (NYSE:EGO[13]) increased 0.9%.
- Goldcorp (NYSE:GG[14]) was flat.
- Kinross Gold (NYSE:KGC[15]) slipped 0.4%.
- Newmont Mining (NYSE:NEM[16]) advanced 0.2%.
- NovaGold Resources (AMEX:NG[17]) climbed 1.3%.
- Yamana Gold (NYSE:AUY[18]) slipped 0.1%.
Silver mining shares also mostly advanced.
- Coeur d’Alene Mines (NYSE:CDE[19]) increased 2%.
- Hecla Mining (NYSE:HL[20]) rose 1.4%.
- Pan American Silver (NASDAQ:PAAS[21]) improved 0.7%.
- Silver Wheaton (NYSE:SLW[22]) dipped 0.8%.
- Silver Standard Resources (NASDAQ:SSRI[23]) gained 1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[24] contributed to this report.
- [Image]: https://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
- a government report showed rising consumer prices: https://investorplace.com/2013/03/consumer-prices-post-largest-increase-since-2009/
- CME Group: https://investorplace.com/2013/01/weak-jobs-report-lessens-gold-slide/www.cmegroup.com
- BullionVault: https://investorplace.com/2013/01/weak-jobs-report-lessens-gold-slide/www.bullionvault.com
- GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
- IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
- SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
- GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
- GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
- SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
- AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
- ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
- EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
- GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
- KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
- NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
- NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
- AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
- CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
- HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
- PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
- SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
- SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
- BullionVault: http://www.bullionvault.com/
Source URL: https://investorplace.com/2013/03/gold-climbs-modestly-on-consumer-price-data/