Gold futures for August delivery slipped 0.2% to $1,277.60 per ounce Friday, according to CME Group. Gold traded as high as $1,287.40 and as low as $1,266.40. Gold bullion closed in London at $1,285, according to BullionVault.
Silver futures for August delivery also sank 0.8% to $19.78 per ounce. Friday’s high for silver was $20.13, while the low was $19.67.
Gold and silver funds cooled in Friday trading.
- The SPDR Gold Trust (GLD) slid 0.1%.
- The iShares Gold Trust (IAU) dipped 0.2%.
- The iShares Silver Trust (SLV) fell 1.4%.
Gold and silver mining ETFs pulled back during the day.
- The Market Vectors Gold Miners ETF (GDX) dropped 2.4%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) slipped 1%.
- The Global X Silver Miners ETF (SIL) declined 2%.
Gold mining shares mostly retreated on Friday.
- Agnico-Eagle Mines (AEM) sank 2.6%.
- Barrick Gold (ABX) fell 1.8%.
- Eldorado Gold (EGO) dropped 3.1%.
- Goldcorp (GG) slid 1.7%.
- Kinross Gold (KGC) declined 2%.
- Newmont Mining (NEM) moved down 2.4%.
- NovaGold Resources (NG) gained 2%.
- Yamana Gold (AUY) slipped 2.3%.
Silver mining shares sank during the day.
- Coeur d’Alene Mines (CDE) fell 2.5%.
- Hecla Mining (HL) dropped 2.7%.
- Pan American Silver (PAAS) dipped 0.8%.
- Silver Wheaton (SLW) declined 1.7%.
- Silver Standard Resources (SSRI) tumbled 3%.
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.