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Gold, Silver Finish Friday With Slight Gains

Gold Silver GLD IAU SLVGold futures about traded 0.2% higher Friday with a final bid of $1,582.80 per ounce, according to CME Group data. Gold reached a high of $1,586.70 and a low of $1,572.60. Gold bullion ended at $1,586 per ounce for Friday’s trading session in London, according to BullionVault.

“Gold appears to have lost its glimmer … as it languishes in the lower reaches of a $1,555-$1,635 range,” said Tim Riddell, ANZ Bank head of global markets research, Asia. “The near-term inability to regain levels above $1,600 will keep the bias towards retesting the base of this range.”

Silver futures were up about 0.3% with a final bid of $27.28 per ounce. Friday’s high for silver prices reached $27.36, and the low was $27.19.

Gold and silver trusts rose slightly Friday.

  • The SPDR Gold Trust (NYSE:GLD) was up about 0.2%.
  • The iShares Gold Trust (NYSE:IAU) gained 0.2%.
  • The iShares Silver Trust (NYSE:SLV) also was up 0.2%.

Gold and silver mining ETFs showed varying results Friday.

  • The Market Vectors Gold Miners ETF (NYSE:GDX) was up about 0.4%.
  • The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) dipped about 1%.
  • The Global X Silver Miners ETF (NYSE:SIL) was about 0.9% higher.

Gold miners showed varying results Friday.

  • Agnico-Eagle Mines (NYSE:AEM) rose about 0.5%.
  • Barrick Gold (NYSE:ABX) was 0.6% lower.
  • Eldorado Gold (NYSE:EGO) showed losses of around 1.2%.
  • Goldcorp (NYSE:GG) climbed about 1.1%.
  • Kinross Gold (NYSE:KGC) was about 0.1% higher.
  • Newmont Mining (NYSE:NEM) was flat.
  • NovaGold Resources (AMEX:NG) was 2.9% lower.
  • Yamana Gold (NYSE:AUY) was up about 1.5%.

Silver mining shares were mixed Friday, too.

  • Coeur d’Alene Mines (NYSE:CDE) was up about 2.2%.
  • Hecla Mining (NYSE:HL) rose about 0.5%.
  • Pan American Silver (NASDAQ:PAAS) was around 0.4% lower.
  • Silver Wheaton (NYSE:SLW) climbed about 0.6%.
  • Silver Standard Resources (NASDAQ:SSRI) was down about 0.4%.

As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.


Article printed from InvestorPlace Media, https://investorplace.com/2012/07/gold-silver-finish-friday-with-slight-gains/.

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