Gold futures for May delivery climbed 0.4% to $1,564.50 per ounce on Thursday, according to CME Group. Gold traded as high as $1,566.60 and as low as $1,553.10. Gold bullion closed in London at $1,563 according to BullionVault.
Silver futures for May delivery gained 0.2% to $27.70 per ounce. Thursday’s high for silver was $27.79, while the low was $27.34.
Gold and silver funds gained in Thursday trading.
- The SPDR Gold Trust (NYSE:GLD) rose 0.2%.
- The iShares Gold Trust (NYSE:IAU) also climbed 0.2%.
- The iShares Silver Trust (NYSE:SLV) inched up 0.1%.
Gold and silver mining ETFs declined during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) fell 1.2%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) slipped 0.9%.
- The Global X Silver Miners ETF (NYSE:SIL) sank 1.3%.
Gold mining shares were mixed on Thursday.
- Agnico-Eagle Mines (NYSE:AEM) advanced 0.3%.
- Barrick Gold (NYSE:ABX) gained 1.1%.
- Eldorado Gold (NYSE:EGO) fell 1.6%.
- Goldcorp (NYSE:GG) dipped 1.1%.
- Kinross Gold (NYSE:KGC) tumbled 3.1%.
- Newmont Mining (NYSE:NEM) sank 0.9%.
- NovaGold Resources (AMEX:NG) slid 2.6%.
- Yamana Gold (NYSE:AUY) dropped 0.8%.
Silver mining shares mostly fell during the day.
- Coeur d’Alene Mines (NYSE:CDE) declined 3.6%.
- Hecla Mining (NYSE:HL) rose 2.6%.
- Pan American Silver (NASDAQ:PAAS) dipped 0.3%.
- Silver Wheaton (NYSE:SLW) fell 1%.
- Silver Standard Resources (NASDAQ:SSRI) tumbled 3.7%.
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.