Gold futures for April delivery sank 0.6% to $1,595.70 per ounce on Tuesday, according to CME Group. Gold traded as high as $1,605 and as low as $1,593.40. Gold bullion closed in London at $1,602, according to BullionVault.
Silver futures for April delivery fell 0.5% to $28.65 per ounce. Tuesday’s high for silver was $28.77, while the low was $28.62.
Gold and silver funds slipped in Tuesday trading.
- The SPDR Gold Trust (NYSE:GLD) dipped 0.3%.
- The iShares Gold Trust (NYSE:IAU) fell 0.3%.
- The iShares Silver Trust (NYSE:SLV) declined 0.3%.
Gold and silver mining ETFs mostly declined during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) dropped 0.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) slid 0.4%.
- The Global X Silver Miners ETF (NYSE:SIL) inched up 0.1%.
Gold mining shares moved lower on Tuesday.
- Agnico-Eagle Mines (NYSE:AEM) declined 0.3%.
- Barrick Gold (NYSE:ABX) fell 0.6%.
- Eldorado Gold (NYSE:EGO) dropped 2.3%.
- Goldcorp (NYSE:GG) edged lower 0.3%.
- Kinross Gold (NYSE:KGC) slid 0.5%.
- Newmont Mining (NYSE:NEM) was flat.
- NovaGold Resources (AMEX:NG) sank 1%.
- Yamana Gold (NYSE:AUY) retreated 0.8%.
Silver mining shares mostly declined.
- Coeur d’Alene Mines (NYSE:CDE) slumped 0.7%%.
- Hecla Mining (NYSE:HL) dipped 0.8%.
- Pan American Silver (NASDAQ:PAAS) dropped 1.1%.
- Silver Wheaton (NYSE:SLW) rose 0.5%.
- Silver Standard Resources (NASDAQ:SSRI) tumbled 1.6%.
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.