Gold prices climbed on Wednesday as U.S. equities retreated, and the metal settled back above $1,300 per ounce for the first time since May 6.
Most gold mining stocks posted gains for the day, but Yamana Gold () outpaced other miners during the session; AUY closed up more than 5%.
Gold futures for June delivery rose 0.9% to $1,305.90 per ounce on Wednesday, according to . Gold prices were as high as $1,309.20 and as low as $1,291.60. Bullion closed in London at $1,308, according to .
Silver futures for July delivery jumped 1.2% to $19.78 per ounce. Wednesday’s high for silver was $20.01, while the low was $19.51.
Here’s how metal-based funds and mining stocks fared on Wednesday:
Gold and Silver Funds
- The SPDR Gold Shares () rose 1%.
- The iShares Gold Trust () added 0.9%.
- The iShares Silver Trust () moved up 1.2%.
Gold and Silver Mining ETFs
- The 蜜桃传媒 Vectors Gold Miners ETF () climbed 1.2%.
- The 蜜桃传媒 Vectors Junior Gold Miners ETF () gained 1.7%.
- The Global X Silver Miners ETF () advanced 1.3%.
Gold Miners
- Agnico Eagle Mines () increased 1%.
- Barrick Gold Corporation () added 0.9%.
- Eldorado Gold gained 2.7%.
- Goldcorp () rose 1.7%.
- Kinross Gold () fell 0.7%.
- Newmont Mining () slipped 0.2%.
- NovaGold () climbed 2.3%.
- AUY surged 5.5%.
Silver Miners
- Coeur d’Alene Mines () fell 1%.
- Hecla Mining () were flat.
- Pan American Silver () added 1.5%.
- Silver Wheaton () rose 0.6%.
- Silver Standard Resources () gained 3.2%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
