Gold futures about traded fractionally lower Tuesday with a final bid of $1,576.20 per ounce, according to CME Group data. Gold prices reached a high of $1,584 and a low of $1,567.80. Gold bullion ended trading at $1,584 per ounce for Tuesday’s trading session in London, according to BullionVault.

Analysts say the weakening euro may benefit the price of gold. However, the strengthening of the U.S. dollar is said to have the opposite effect.

“Thanks to the Euro’s depreciation vis-a-vis the U.S. Dollar, gold in Euro terms has been making gains for some time now,” according to a note from Commerzbank.

Silver futures were down about 0.9% with a final bid of $26.72 per ounce. Tuesday’s high for silver prices reached $27, and the low was $26.85.

Gold and silver trusts rose ever so slightly Tuesday.

• The SPDR Gold Trust (NYSE:GLD) was up 0.3%.
• The iShares Gold Trust (NYSE:IAU) also was up 0.3%.
• The iShares Silver Trust (NYSE:SLV) showed marginal gains.

Gold and silver mining ETFs showed varying results Tuesday.

• The Market Vectors Gold Miners ETF (NYSE:GDX) climbed 0.1%.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) was up 0.5%.
• The Global X Silver Miners ETF (NYSE:SIL) was 0.5% lower.

Most gold miners showed varying levels of losses Tuesday, but Agnico-Eagle Mines (NYSE:AEM) and Eldorado Gold (NYSE:EGO) managed to buck the trend with decent gains.

• Agnico-Eagle Mines was up 2.5%.
• Barrick Gold (NYSE:ABX) was 1.4% lower.
• Eldorado Gold gained 3.6%.
• Goldcorp (NYSE:GG) climbed 0.1%.
• Kinross Gold (NYSE:KGC) was 1.8% lower.
• Newmont Mining (NYSE:NEM) dipped 0.4%.
• NovaGold Resources (AMEX:NG) was 3.8% lower.
• Yamana Gold (NYSE:AUY) was down 0.5%.

Silver mining shares yielded varying results Tuesday.

• Coeur d’Alene Mines (NYSE:CDE) was down 0.2%.
• Hecla Mining (NYSE:HL) was 1% higher.
• Pan American Silver (NASDAQ:PAAS) was 3.8% lower.
• Silver Wheaton (NYSE:SLW) dropped 0.3%.
• Silver Standard Resources (NASDAQ:SSRI) was up 1.6%.

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.