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 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
- The SPDR Gold Shares (GLD[3]) rose 0.9%.
- The iShares Gold Trust (IAU[4]) gained 1%.
- The iShares Silver Trust (SLV[5]) added 0.8%.
Gold and Silver Mining ETFs
- The Market Vectors Gold Miners ETF (GDX[6]) increased 0.4%.
- The Market Vectors Junior Gold Miners ETF (GDXJ[7]) climbed 1.2%.
- The Global X Silver Miners ETF (SIL[8]) sank 0.5%.
Gold Miners
- Agnico Eagle Mines (AEM[9]) slid 0.9%.
- Barrick Gold Corporation (ABX[10]) rose 0.4%.
- Eldorado Gold (EGO[11]) added 0.8%.
- Goldcorp (GG[12]) gained 0.3%.
- Kinross Gold (KGC[13]) increased 0.2%.
- Newmont Mining (NEM[14]) moved up 0.5%.
- NovaGold (NG[15]) retreated 2%.
- Yamana Gold (AUY[16]) sank 0.5%.
Silver Miners
- Coeur d’Alene Mines (CDE[17]) fell 1.6%.
- Hecla Mining (HL[18]) decreased 1.3%.
- Pan American Silver (PAAS[19]) slid 0.6%.
- Silver Wheaton (SLW[20]) declined 0.8%.
- Silver Standard Resources (SSRI[21]) dropped 1.1%.
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:
- CME Group: http://www.cmegroup.com
- BullionVault: http://www.bullionvault.com
- GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
- IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
- SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
- GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
- GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
- SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
- AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
- ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
- EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
- GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
- KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
- NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
- NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
- AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
- CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
- HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
- PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
- SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
- SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
- BullionVault: http://www.bullionvault.com/
Source URL: https://investorplace.com/2014/05/gold-and-silver-gold-prices/