Gold futures about traded 0.2% higher Friday with a final bid of $1,618.10 per ounce, according to . Gold prices reached a high of $1,628.60 and a low of $1,614.60. Gold bullion hit a five-week high trading at $1,625 per ounce for Friday’s trading session in London, according to .
“We believe the risk (for gold) now lies with a move to $1,640, the June high,” according to the from bullion bank Scotia Mocatta.
Silver futures were flat for the second day in a row, with a final bid of $27.47 per ounce. Friday’s high for silver prices reached $27.76, and the low was $27.43.
Gold and silver trusts ticked upward Friday.
- The SPDR Gold Trust (NYSE:) was up 0.5%.
- The iShares Gold Trust (NYSE:) was 0.6% higher.
- The iShares Silver Trust (NYSE:) climbed 0.9%.
Gold and silver mining ETFs also showed slight gains Friday.
- The 蜜桃传媒 Vectors Gold Miners ETF (NYSE:) climbed 0.7%.
- The 蜜桃传媒 Vectors Junior Gold Miners ETF (NYSE:) was up 0.8%.
- The Global X Silver Miners ETF (NYSE:) was 1.6% higher.
Most gold mining shares brought in gains Friday, with Eldorado Gold
(NYSE:) leading the way despite disappointing earnings and a cut in its dividend.
- Agnico-Eagle Mines (NYSE:) was up 2.5%.
- Barrick Gold (NYSE:) was 1.2% lower.
- Eldorado Gold jumped 6.1%.
- Goldcorp (NYSE:) finished 0.4% higher.
- Kinross Gold (NYSE:) was 0.5% higher.
- Newmont Mining (NYSE:) dipped 3.4% as its quarterly revenues missed Street expectations.
- NovaGold Resources (AMEX:) was 0.5% lower.
- Yamana Gold (NYSE:) was up 0.1%.
Most silver mining shares showed gains Friday.
- Coeur d’Alene Mines (NYSE:) was up 2%.
- Hecla Mining (NYSE:) was 2.2% higher.
- Pan American Silver (NASDAQ:) was 1.8% higher.
- Silver Wheaton (NYSE:) ticked up 0.9%.
- Silver Standard Resources (NASDAQ:) lost 0.5%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
