Gold and Silver Report: Gold Prices Fall on Ukraine Diplomatic Agreement

by Christopher Freeburn | April 17, 2014 4:43 pm

Gold dropped modestly in Thursday trading after Ukraine and Russia reached a preliminary agreement to reduce tensions during negotiations in Switzerland. The talks included U.S. and European Union representatives. Gold prices have climbed in recent weeks as violence in Ukraine boosted the metal’s safe-haven appeal.

gold-and-silverGold futures for June delivery sank 0.7% to $1,293.90 per ounce on Thursday, according to CME Group[1]. Gold prices were as high as $1,304.40 and as low as $1,292.80. Bullion closed in London at $1,295, according to BullionVault[2].

Silver futures for May delivery dipped 0.2% to settle at $19.60 per ounce. Thursday’s high for silver was $19.72, while the low was $19.49.

Here’s how metal-based funds and mining stocks fared on Thursday:

Gold and Silver Funds

Gold and Silver Mining ETFs

Gold Miners

Silver Miners

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[22] contributed to this report.

Endnotes:

  1. CME Group: http://www.cmegroup.com
  2. BullionVault: http://www.bullionvault.com
  3. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  4. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  5. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  6. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  7. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  8. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  9. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  10. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  11. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  12. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  13. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  14. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  15. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  16. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  17. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  18. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  19. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  20. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  21. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  22. BullionVault: http://www.bullionvault.com/

Source URL: https://investorplace.com/2014/04/gold-and-silver-gold-prices-ukraine/