Gold futures for February added 0.8% to $1,234.60 per ounce on Friday, according to CME Group. Gold traded as high as $1,238.10 and as low as $1,219.50. Bullion closed in London at $1,240, according to BullionVault.
Silver futures for March delivery moved up 0.8%, to $19.60 per ounce. Friday’s high for silver was $19.74, while the low was $19.28.
Metal funds advanced on Friday.
- The SPDR Gold Shares (GLD) rose 0.9%.
- The iShares Gold Trust (IAU) increased 0.9%.
- The iShares Silver Trust (SLV) climbed 0.8%.
Mining ETFs moved higher during the day.
- The Market Vectors Gold Miners ETF (GDX) added 0.4%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) gained 1.1%.
- The Global X Silver Miners ETF (SIL) was flat.
Gold stocks mostly improved on Friday.
- Agnico-Eagle Mines (AEM) rose 0.7%.
- Barrick Gold (ABX) added 1.7%.
- Eldorado Gold (EGO) gained 0.7%.
- Goldcorp (GG) fell 0.3%.
- Kinross Gold (KGC) sank 0.2%.
- Newmont Mining (NEM) was flat.
- NovaGold Resources (NG) surged 4.4%.
- Yamana Gold (AUY) advanced 0.4%.
Silver mining shares mostly rose during the day.
- Coeur d’Alene Mines (CDE) sank 0.4%.
- Hecla Mining (HL) improved 0.7%.
- Pan American Silver (PAAS) added 0.9%.
- Silver Wheaton (SLW) gained 0.4%.
- Silver Standard Resources (SSRI) climbed 3.6%.
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.