Gold extended yesterday’s gains, rising slightly in Friday trading. Gold benefitted from a selloff in major equities markets in Europe and the U.S., which deepened during the day. The metal ended the week with a gain of 1%.

Gold futures for February delivery inched up 0.2% to $1,264.30 per ounce on Friday, according to CME Group. Gold traded as high as $1,273.20 and as low as $1,256.80. Bullion closed in London at $1,270, according to BullionVault.

Silver futures for March delivery sank 1.2%, to $19.77 per ounce. Friday’s high for silver was $20.99, while the low was $19.72.

Metal funds were mixed on Friday.

• The SPDR Gold Shares (GLD) added 0.4%.
• The iShares Gold Trust (IAU) rose 0.5%.
• The iShares Silver Trust (SLV) fell 0.4

Mining ETFs declined during the day.

• The Market Vectors Gold Miners ETF (GDX) dipped 0.2%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) dropped 2.3%.
• The Global X Silver Miners ETF (SIL) slid 1.4%.

Gold stocks mostly retreated on Friday.

• Agnico-Eagle Mines (AEM) rose 1%.
• Barrick Gold (ABX) fell 1.5%.
• Eldorado Gold (EGO) was flat.
• Goldcorp (GG) inched up 0.1%.
• Kinross Gold (KGC) slid 1.7%.
• Newmont Mining (NEM) sank 1.1%.
• NovaGold Resources (NG) moved down 1%.
• Yamana Gold (AUY) faded 0.8%.

Silver mining shares pulled back during the day.

• Coeur d’Alene Mines (CDE) slid 2.1%.
• Hecla Mining (HL) dropped 2.7%.
• Pan American Silver (PAAS) sank 1.8%.
• Silver Wheaton (SLW) fell 2.1%.
• Silver Standard Resources (SSRI) tumbled 3.2%.

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.