Gold futures for December delivery fell 0.8% to $1,316.30 per ounce on Tuesday, according to CME Group. Gold traded as high as $1,329.40 and as low as $1,305.50. Gold bullion closed in London at $1,324, according to BullionVault.
Silver futures for December delivery dropped 1.2% to $21.59 per ounce. Tuesday’s high for silver was $22.04, while the low was $21.33.
Gold and silver funds edged higher in Tuesday trading.
- The SPDR Gold Shares (GLD) added 0.1%.
- The iShares Gold Trust (IAU) gained 0.2%.
- The iShares Silver Trust (SLV) moved higher 0.5%.
Gold and silver mining ETFs mostly fell during the day.
- The Market Vectors Gold Miners ETF (GDX) rose 0.1%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) slid 0.3%.
- The Global X Silver Miners ETF (SIL) sank 1%.
Gold mining shares were mixed on Tuesday.
- Agnico-Eagle Mines (AEM) slipped 0.1%.
- Barrick Gold (ABX) climbed 1.1%.
- Eldorado Gold (EGO) fell 0.7%.
- Goldcorp (GG) added 0.4%.
- Kinross Gold (KGC) sank 2.5%.
- Newmont Mining (NEM) rose 0.4%.
- NovaGold Resources (NG) dropped 1.8%.
- Yamana Gold (AUY) dipped 0.1%.
Silver mining shares sank during the day.
- Coeur d’Alene Mines (CDE) fell 3%.
- Hecla Mining (HL) moved down 0.6%.
- Pan American Silver (PAAS) declined 0.7%.
- Silver Wheaton (SLW) retreated 0.4%.
- Silver Standard Resources (SSRI) slid 0.5%.
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.