Gold and Silver Report: Ukraine Violence Pushes Gold Prices Higher

by Christopher Freeburn | May 5, 2014 4:53 pm

Gold prices gained modestly in Monday trading as spreading unrest in Ukraine stoked the metal’s safe haven appeals. Bloody clashes between Ukrainian military forces and pro-Russian militias over the weekend reignited fears that Ukraine could degenerate into civil war, raising the possibility of a Russian invasion.

gold and silver gold pricesGold futures for June delivery rose 0.5% to $1,309.30 per ounce on Monday, according to CME Group[1]. Gold prices were as high as $1,315.80 and as low as $1,266.80. Bullion closed in London at $1,312, according to BullionVault[2].

Silver futures for July delivery inched up 0.1% to $19.57 per ounce. Monday’s high for silver was $19.75, while the low was $18.78.

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

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/2014/05/gold-and-silver-gold-prices/