Gold and Silver Report: Gold Rises Again, NEM Stock Climbs on Beat

by Christopher Freeburn | April 25, 2014 4:43 pm

Gold prices posted a modest gain in Friday trading, rising for a third straight session as tensions in eastern Ukraine continue. Gold prices ended the week up 0.5%, bolstered by strengthening safe-haven appeal. U.S. equities markets retreated during the day.

PreciousMetalsRecap Gold and Silver Report: Gold Rises Again, NEM Stock Climbs on BeatNewmont Mining (NEM[1]) reported adjusted first-quarter earnings[2] of 22 cents a share, topping the 19 cents that Wall Street was expecting. NEM stock moved up 3.8%, outpacing gains by other gold miners during the session.

Gold futures for June delivery added 0.8% to $1,300.80 per ounce on Friday, according to CME Group[3]. Gold prices were as high as $1,305.20 and as low as $1,290.40. Bullion closed in London at $1,304, according to BullionVault[4].

Silver futures for May delivery were flat at $19.69 per ounce. Friday’s high for silver was $19.81, while the low was $19.52.

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

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[23] contributed to this report.

  1. NEM:
  2. adjusted first-quarter earnings:
  3. CME Group:
  4. BullionVault:
  5. GLD:
  6. IAU:
  7. SLV:
  8. GDX:
  9. GDXJ:
  10. SIL:
  11. AEM:
  12. ABX:
  13. EGO:
  14. GG:
  15. KGC:
  16. NG:
  17. AUY:
  18. CDE:
  19. HL:
  20. PAAS:
  21. SLW:
  22. SSRI:
  23. BullionVault:

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