Gold Dips, Silver Inches Up Wednesday

Gold Silver GLD IAU SLVGold futures were down 0.2% Wednesday, with a final bid of $1,637.60 per ounce, according to . Gold prices reached a high of $1,647.30 and a low of $1,635. Gold bullion traded at higher at $1,655 per ounce for Wednesday’s session in London, according to .

Silver futures inched up 0.4% Wednesday, with a final bid of $29.56 per ounce. Wednesday’s high for silver reached $29.67, and the low was $29.17.

Gold and silver funds moved up Wednesday.

  • The SPDR Gold Trust (NYSE:) was up 1.1%.
  • The iShares Gold Trust (NYSE:) was 1.1% higher.
  • The iShares Silver Trust (NYSE:) rose 1.9%.

Gold and silver mining ETFs jumped as well.

  • The ÃÛÌÒ´«Ã½ Vectors Gold Miners ETF (NYSE:) rose 2.4%.
  • The ÃÛÌÒ´«Ã½ Vectors Junior Gold Miners ETF climbed 1.9%
  • The Global X Silver Miners ETF (NYSE:) finished 1.7% higher.

Gold mining shares had a good day, Wednesday, with Eldorado Gold (NYSE:) leading the way.

  • Agnico-Eagle Mines (NYSE:) was up 1.4%.
  • Barrick Gold (NYSE:) finished 2% higher.
  • Eldorado Gold soared 4.5%.
  • Goldcorp (NYSE:) rose 2.8%.
  • Kinross Gold (NYSE:) was 3.2% higher.
  • Newmont Mining (NYSE:) jumped 2.2%.
  • NovaGold Resources (AMEX:) finished up 1.1%.
  • Yamana Gold (NYSE:) surged 3.8%.

Silver mining shares also headed north today.

  • Coeur d’Alene Mines (NYSE:) rose 1.5%.
  • Hecla Mining (NYSE:) climbed 2.5%.
  • Pan American Silver (NASDAQ:) rose 2.2%.
  • Silver Wheaton (NYSE:) finished 2.4% higher.
  • Silver Standard Resources (NASDAQ:) rose 1.3%.

As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of  contributed to this report.


Article printed from InvestorPlace Media, /2012/08/gold-dips-silver-inches-up-wednesday/.

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