Gold gained modestly in Wednesday trading as investors awaited the outcome of Thursday’s European Central Bank policy meeting.
Gold futures for March delivery rose about 0.3% to $1,678.10 on Wednesday, according to CME Group. Gold traded as high as $1,678.90 and as low as $1,668.30. Gold bullion closed in London at $1,680, according to BullionVault.
Silver futures for March delivery were flat at $31.88 per ounce. Wednesday’s high for silver was $31.90 an ounce, while the low was $31.60.
Gold and silver funds moved higher in Wednesday trading.
- The SPDR Gold Trust (NYSE:GLD) edged up 0.3%.
- The iShares Gold Trust (NYSE:IAU) also gained 0.3%.
- The iShares Silver Trust (NYSE:SLV) increased 0.2%.
Gold and silver mining ETFs mostly advanced during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) climbed 0.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) fell 0.6%.
- The Global X Silver Miners ETF (NYSE:SIL) rose 0.5%.
Gold mining shares mostly rose on Wednesday.
- Agnico-Eagle Mines (NYSE:AEM) dipped 0.5%.
- Barrick Gold (NYSE:ABX) climbed 0.7%.
- Eldorado Gold (NYSE:EGO) was flat.
- Goldcorp (NYSE:GG) gained 0.5%.
- Kinross Gold (NYSE:KGC) rose 0.2%.
- Newmont Mining (NYSE:NEM) increased 1.6%.
- NovaGold Resources (AMEX:NG) was flat.
- Yamana Gold (NYSE:AUY) advanced 0.3%.
Silver mining shares improved during the day.
- Coeur d’Alene Mines (NYSE:CDE) surged 2.1%.
- Hecla Mining (NYSE:HL) increased 1.5%.
- Pan American Silver (NASDAQ:PAAS) rose 0.4%.
- Silver Wheaton (NYSE:SLW) climbed 1.5%.
- Silver Standard Resources (NASDAQ:SSRI) fell 0.9%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.
