Gold futures for December delivery sank 0.6% to $1,309.90 per ounce on Friday, according to CME Group. Gold traded as high as $1,326 and as low as $1,305.10. Bullion closed in London at $1,313, according to BullionVault.
Silver futures for December delivery dipped 0.2% to $21.75 per ounce. Friday’s high for silver was $21.93, while the low was $21.50.
Metal funds mostly slid in Friday trading.
- The SPDR Gold Shares (GLD) slipped 0.5%.
- The iShares Gold Trust (IAU) fell 0.5%.
- The iShares Silver Trust (SLV) edged up 0.1%.
Mining ETFs sank during the day.
- The Market Vectors Gold Miners ETF (GDX) dipped 0.2%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) dropped 2.7%.
- The Global X Silver Miners ETF (SIL) fell 0.9%.
Gold mining shares retreated on Friday.
- Agnico-Eagle Mines (AEM) moved down 1.1%.
- Barrick Gold (ABX) edged lower 0.4%.
- Eldorado Gold (EGO) slipped 0.2%.
- Goldcorp (GG) fell 0.8%.
- Kinross Gold (KGC) slid 0.4%.
- Newmont Mining (NEM) sank 0.6%.
- NovaGold Resources (NG) dropped 1.8%.
- Yamana Gold (AUY) waned 0.9%.
Silver mining shares were mixed during the day.
- Coeur d’Alene Mines (CDE) slipped 0.3%.
- Hecla Mining (HL) was unchanged.
- Pan American Silver (PAAS) gained 0.7%.
- Silver Wheaton (SLW) fell 0.8%.
- Silver Standard Resources (SSRI) added 0.4%.
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.