Gold futures were flat Friday, with a final bid of $1,616.70 per ounce, according to . Gold prices reached a high of $1,620 and a low of $1,614.10. Gold bullion traded at $1,619 per ounce for Friday’s trading session in London, according to .
“The market is still moving on changing expectations of central bank actions,” ANZ Senior Commodity Strategist . “[Gold in dollars] is so far unwilling to push prices out of the $1590 to $1630 range.”
Silver futures were 0.7% lower Friday, with a final bid of $28 per ounce. Friday’s high for silver reached $28.29, and the low was $27.96.
Gold funds ticked up Friday, while iShares Silver Trust (NYSE:) dipped.
- The SPDR Gold Trust (NYSE:) was up 0.2%.
- The iShares Gold Trust (NYSE:) also was 0.2% higher.
- The iShares Silver Trust slid 0.5%.
Gold and silver mining ETFs were mixed.
- The Market Vectors Gold Miners ETF (NYSE:) climbed 0.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE) finished 0.1% higher.
- The Global X Silver Miners ETF (NYSE:) stumbled 0.2% lower.
Most gold mining shares suffered losses Friday.
- Agnico-Eagle Mines (NYSE:) was up 0.9%.
- Barrick Gold (NYSE:) finished 0.3% lower.
- Eldorado Gold (NYSE:) dipped 0.7%.
- Goldcorp (NYSE:) climbed 0.1%.
- Kinross Gold (NYSE:) was 0.7% lower.
- Newmont Mining (NYSE:) fell 0.9%.
- NovaGold Resources (AMEX:) finished down 0.8%.
- Yamana Gold (NYSE:) dipped 0.7%.
Silver mining shares were mixed.
- Coeur d’Alene Mines (NYSE:) rose 0.1%.
- Hecla Mining (NYSE:) was flat.
- Pan American Silver (NASDAQ:) dipped 0.3%.
- Silver Wheaton (NYSE:) finished 0.8% higher.
- Silver StandardResources (NASDAQ:) fell 2.5%, despite beating Street estimates with its second-quarter earnings.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
