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

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

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

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.

Endnotes:
  1. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  2. adjusted first-quarter earnings: http://www.reuters.com/article/2014/04/24/newmont-results-idUSL2N0NG2NW20140424
  3. CME Group: http://www.cmegroup.com
  4. BullionVault: http://www.bullionvault.com
  5. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  6. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  7. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  8. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  9. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  10. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  11. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  12. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  13. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  14. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  15. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  16. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  17. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  18. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  19. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  20. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  21. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  22. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  23. BullionVault: http://www.bullionvault.com/

Source URL: http://investorplace.com/2014/04/gold-and-silver-report-nem-stock/
Short URL: http://invstplc.com/1nO8DZ4