Gold traded 0.4% lower Tuesday, with a final bid of $1,665.90 per ounce, according to . Gold prices reached a high of $1,670.90 and a low of $1,656. Gold bullion finished at $1,670 per ounce for Tuesday’s .
“There’s a lot of talk of gold coming back as a safe-haven asset,” Bernard Sin, head of currency and metal trading at Swiss refiner MKS, told . “As long as the QE3 discussion is on the table, gold will continue to trade higher.”
Silver futures dipped 0.5% Tuesday, with a final bid of $30.88 per ounce. Tuesday’s high for silver reached $30.98, and the low was $30.49.
Gold and silver funds traded higher on Tuesday.
- The SPDR Gold Trust (NYSE:) finished 0.2% higher.
- The iShares Gold Trust (NYSE:) also was 0.2% higher.
- The iShares Silver Trust iShares Silver Trust (NYSE:) rose 0.6%.
Gold and silver mining ETFs suffered losses with the ÃÛÌÒ´«Ã½ Vectors Junior Gold Miners ETF (NYSE:) faring the worst.
- The ÃÛÌÒ´«Ã½ Vectors Gold Miners ETF (NYSE:) dipped 0.1%.
- The ÃÛÌÒ´«Ã½ Vectors Junior Gold Miners ETF fell 1.5%.
- The Global X Silver Miners ETF (NYSE:) finished 0.2% lower.
Gold mining shares were mixed Tuesday.
- Agnico-Eagle Mines (NYSE:) was up 0.3%.
- Barrick Gold (NYSE:) finished 0.7% higher.
- Eldorado Gold (NYSE:) ticked up 0.2%.
- Goldcorp (NYSE:) dipped 0.1%.
- Kinross Gold (NYSE:) was 0.6% lower.
- Newmont Mining (NYSE:) dropped 0.4%.
- NovaGold Resources (NYSE:) edged down 0.2%.
- Yamana Gold (NYSE:) finished 0.5% lower.
Silver mining shares also were mixed Tuesday.
- Coeur d’Alene Mines (NYSE:) climbed 1.7%.
- Hecla Mining (NYSE:) rose 0.6%.
- Pan American Silver (NASDAQ:) ticked up 0.2%.
- Silver Wheaton (NYSE:) was 0.8% lower.
- Silver Standard Resources (NASDAQ:) stumbled 0.8%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
