Gold futures for February delivery moved up 1.1% to $1,238.60 per ounce on Friday, according to CME Group. Gold traded as high as $1,239.60 and as low as $1,221.30. Bullion closed in London at $1,239, according to BullionVault.
Silver futures for March delivery edged up 0.1%, to $20.21 per ounce. Friday’s high for silver was $20.33, while the low was $19.99.
Metal funds climbed on Friday.
- The SPDR Gold Shares (GLD) rose 1.1%.
- The iShares Gold Trust (IAU) added 1%.
- The iShares Silver Trust (SLV) gained 1%.
Mining ETFs declined during the day.
- The Market Vectors Gold Miners ETF (GDX) dropped 1%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) slipped 0.1%.
- The Global X Silver Miners ETF (SIL) sank 0.2%.
Gold stocks mostly retreated on Friday.
- Agnico-Eagle Mines (AEM) fell 1.7%.
- Barrick Gold (ABX) slid 0.9%.
- Eldorado Gold (EGO) sank 1.3%.
- Goldcorp (GG) faded 1.4%.
- Kinross Gold (KGC) rose 0.7%.
- Newmont Mining (NEM) dipped 0.2%.
- NovaGold Resources (NG) dropped 3.2%.
- Yamana Gold (AUY) waned 1.5%.
Silver mining shares pulled back during the day.
- Coeur d’Alene Mines (CDE) slipped 0.5%.
- Hecla Mining (HL) dipped 0.3%.
- Pan American Silver (PAAS) dropped 1%.
- Silver Wheaton (SLW) sank 0.6%.
- Silver Standard Resources (SSRI) slid 2.4%.
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.