Gold futures were up 1.2% Tuesday, with a final bid of $1,640.10 per ounce, according to . Gold prices reached a high of $1,640.40 and a low of $1,618.40. Gold bullion traded at 1% higher at $1,640 per ounce for Tuesday’s session in London, according to .
Silver futures climbed 2.9% Tuesday, with a final bid of $29.43 per ounce. Tuesday’s high for silver reached $29.46, and the low was $28.61.
Wholesale market prices to buy silver hit a two-month high Tuesday morning in London.
According to from bullion bank Scotia Mocatta, “This changes [silver’s] posture to bullish.”
Gold and silver funds also moved up Tuesday.
- The SPDR Gold Trust (NYSE:) was up 1%.
- The iShares Gold Trust (NYSE:) was 1% higher.
- The iShares Silver Trust (NYSE:) jumped 1.5%.
Gold and silver mining ETFs jumped as well, with the Market Vectors Junior Gold Miners ETF (NYSE) leading the way.
- The Market Vectors Gold Miners ETF (NYSE:) rose 1.7%.
- The Market Vectors Junior Gold Miners ETF jumped 3.2%
- The Global X Silver Miners ETF (NYSE:) finished 2.8% higher.
And most gold mining shares headed north Tuesday, with Eldorado Gold (NYSE:
) leading the way.
- Agnico-Eagle Mines (NYSE:) was down 0.3%.
- Barrick Gold (NYSE:) finished 1.3% higher.
- Eldorado Gold soared 5.3%.
- Goldcorp (NYSE:) rose 2.1%.
- Kinross Gold (NYSE:) was 1.2% higher.
- Newmont Mining (NYSE:) ticked up 0.7%.
- NovaGold Resources (AMEX:) finished up 1.1%.
- Yamana Gold (NYSE:) climbed 3.1%.
Silver mining shares had a good day, with Silver Standard Resources (NASDAQ:) reporting the biggest gains for the second day straight.
- Coeur d’Alene Mines (NYSE:) rose 1.7%.
- Hecla Mining (NYSE:) jumped 3%.
- Pan American Silver (NASDAQ:) rose 1.1%.
- Silver Wheaton (NYSE:) finished 3.1% higher.
- Silver Standard Resources jumped 4%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
