Gold futures for July delivery climbed 1% to $1,223.70 per ounce on Friday, according to CME Group. Gold traded as high as $1,229 and as low as $1,179.40. Gold bullion closed in London at $1,231, according to BullionVault.
Silver futures for July delivery surged 5% to $19.45 per ounce. Friday’s high for silver was $19.56 while the low was $18.19.
Gold and silver funds improved in Friday trading.
- The SPDR Gold Trust (GLD) rose 2.8%.
- The iShares Gold Trust (IAU) also climbed 2.8%.
- The iShares Silver Trust (SLV) surged 6%.
Gold and silver mining ETFs rose sharply during the day.
- The Market Vectors Gold Miners ETF (GDX) gained 7.5%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) soared 8.9%.
- The Global X Silver Miners ETF (SIL) increased 9%.
Gold mining shares vaulted higher on Friday.
- Agnico-Eagle Mines (AEM) jumped 8.4%.
- Barrick Gold (ABX) added 6%.
- Eldorado Gold (EGO) advanced 7.8%.
- Goldcorp (GG) surged 8.7%.
- Kinross Gold (KGC) soared 9.9%.
- Newmont Mining (NEM) increased 8.2%.
- NovaGold Resources (NG) gained 9.1%.
- Yamana Gold (AUY) rose 8.1%.
Silver mining shares soared during the day.
- Coeur d’Alene Mines (CDE) gained 9.6%.
- Hecla Mining (HL) climbed 8.4%.
- Pan American Silver (PAAS) advanced 7.1%.
- Silver Wheaton (SLW) climbed 7.5%.
- Silver Standard Resources (SSRI) surged 9.5%.
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.