Gold prices moved fractionally lower on Friday, but closed out the week with a 0.5% gain.
Gold mining stocks mostly declined during the day, with NovaGold Resources (NG) falling harder than most. NovaGold Resources ended the session down more than 3%.
Gold futures for June delivery shed 20 cents to $1,293.40 per ounce on Friday, according to CME Group. Gold prices were as high as $1,298.30 and as low as $1,287.70. Bullion closed in London at $1,295, according to BullionVault.
Silver futures for July delivery slid 0.7% to $19.33 per ounce. Friday’s high for silver was $19.53, while the low was $19.26.
Here’s how metal-based funds and mining stocks fared on Friday:
Gold and Silver Funds
- The SPDR Gold Shares (GLD) sank 0.2%.
- The iShares Gold Trust (IAU) also dipped 0.2%.
- The iShares Silver Trust (SLV) fell 0.8%.
Gold and Silver Mining ETFs
- The Market Vectors Gold Miners ETF (GDX) declined 0.9%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) edged down 0.1%.
- The Global X Silver Miners ETF (SIL) dropped 1%.
Gold Miners
- Agnico Eagle Mines (AEM) faded 1.2%.
- Barrick Gold (ABX) sank 1.4%.
- Eldorado Gold dropped 2.2%.
- Goldcorp (GG) fell 1.4%.
- Kinross Gold (KGC) declined 1%.
- Newmont Mining (NEM) slid 1.2%.
- NovaGold Resources tumbled 3.2%.
- Yamana Gold (AUY) climbed 0.8%.
Silver Miners
- Coeur d’Alene Mines (CDE) dipped 0.1%.
- Hecla Mining (HL) climbed 0.7%.
- Pan American Silver (PAAS) gained 1.5%.
- Silver Wheaton (SLW) sank 1.6%.
- Silver Standard Resources (SSRI) edged down 0.4%.
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.
