Gold futures for April rose 20 cents to $1,311.40 per ounce on Tuesday, according to CME Group. Gold traded as high as $1,318 and as low as $1,306. Bullion closed in London at $1,314, according to BullionVault.
Silver futures for May delivery slipped 0.4% to $19.98 per ounce. Tuesday’s high for silver was $20.22, while the low was $19.91.
Metal funds improved on Tuesday.
- The SPDR Gold Shares (GLD) inched up 0.2%.
- The iShares Gold Trust (IAU) added 0.1%.
- The iShares Silver Trust (SLV) increased 0.1%.
Mining ETFs advanced during the day.
- The Market Vectors Gold Miners ETF (GDX) rose 0.6%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) climbed 2.1%.
- The Global X Silver Miners ETF (SIL) gained 1%.
Gold stocks were mixed on Tuesday.
- Agnico-Eagle Mines (AEM) rose 0.8%.
- Barrick Gold (ABX) dipped 0.1%.
- Eldorado Gold (EGO) slipped 0.3%.
- Goldcorp (GG) fell 0.1%.
- Kinross Gold (KGC) declined 1.8%.
- Newmont Mining (NEM) edged up 0.2%.
- NovaGold Resources (NG) was flat.
- Yamana Gold (AUY) added 1.5%.
Silver mining shares gained during the day.
- Coeur d’Alene Mines (CDE) rose 0.2%.
- Hecla Mining (HL) increased 2.2%.
- Pan American Silver (PAAS) added 1.3%.
- Silver Wheaton (SLW) increased 0.8%.
- Silver Standard Resources (SSRI) advanced 1.8%.
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.