Gold and Silver Report: AUY Surges as Gold Prices Top $1,300

by Christopher Freeburn | May 14, 2014 4:38 pm

Gold prices climbed on Wednesday as U.S. equities retreated, and the metal settled back above $1,300 per ounce for the first time since May 6.

gold and silver AUY[1]Most gold mining stocks posted gains for the day, but Yamana Gold (AUY[2]) outpaced other miners during the session; AUY closed up more than 5%.

Gold futures for June delivery rose 0.9% to $1,305.90 per ounce on Wednesday, according to CME Group[3]. Gold prices were as high as $1,309.20 and as low as $1,291.60. Bullion closed in London at $1,308, according to BullionVault[4].

Silver futures for July delivery jumped 1.2% to $19.78 per ounce. Wednesday’s high for silver was $20.01, while the low was $19.51.

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

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. [Image]: https://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
  2. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  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. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  14. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  15. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  16. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  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-report-auy-gold-prices-1300/