Gold and Silver Report: EGO Stock Sinks as Gold Prices Fade

by Christopher Freeburn | May 13, 2014 4:35 pm

Gold and Silver Report: EGO Stock Sinks as Gold Prices Fade

Gold slipped slightly in Tuesday trading as investors weighed the situation in Ukraine. Separatists in some regions of eastern Ukraine voted to break away to join Russia over the weekend, but Russian President Vladimir Putin hasn’t responded to the vote.

PreciousMetalsRecap Gold and Silver Report: EGO Stock Sinks as Gold Prices FadeOn a mostly losing day for gold miners, Eldorado Gold (EGO[1]) fell harder than rivals. EGO stock closed down about 3%.

Gold futures for June delivery faded 0.1% to $1,294.80 per ounce on Tuesday, according to CME Group[2]. Gold prices were as high as $1,299 and as low as $1,289.10. Bullion closed in London at $1,295, according to BullionVault[3].

Silver futures for July delivery edged up fractionally to $19.55 per ounce. Tuesday’s high for silver was $19.62, while the low was $19.37.

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

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. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  2. CME Group: http://www.cmegroup.com
  3. BullionVault: http://www.bullionvault.com
  4. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  5. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  6. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  7. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  8. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  9. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  10. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  11. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  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/

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