Gold extended yesterday’s gains, posting a modest increase on Friday and hitting a new six month high.
Gold futures for December delivery closed up at $1,772.70 on Friday, according to . Gold traded as high as $1,780.20 and as low as $1,767.70. Gold bullion closed in London at $1,774, according to .
Silver futures closed at $34.656 per ounce. Friday’s high for silver was $34.985, while the low was $34.32.
Gold and silver funds posted small gains on Friday.
- The SPDR Gold Trust (NYSE:) rose 0.3%.
- The iShares Gold Trust (NYSE:) also was up 0.3%.
- The iShares Silver Trust (NYSE:) edged up 0.02%.
Gold and silver mining ETFs also rose.
- The Market Vectors Gold Miners ETF (NYSE:) gained 2.5%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) increased 2.5%.
- The Global X Silver Miners ETF (NYSE:) soared 2.6%.
Gold mining shares posted gains for the day, with NovaGold Resources (AMEX:) again leading the way.
- Agnico-Eagle Mines (NYSE:) increased 2.4%
- Barrick Gold (NYSE:) rose 1.8%.
- Eldorado Gold (NYSE:) climbed 4.2%.
- Goldcorp (NYSE:) moved up 1.7%.
- Kinross Gold (NYSE:) gained 3.7%.
- Newmont Mining (NYSE:) increased 3.1%.
- NovaGold Resources jumped 6.3%.
- Yamana Gold (NYSE:) closed up 1.7%
Silver mining shares also continued their rise.
- Coeur d’Alene Mines (NYSE:) gained 6.4%.
- Hecla Mining (NYSE:) moved up 1.8%.
- Pan American Silver (NASDAQ:) improved 4.8%.
- Silver Wheaton (NYSE:) increased 2.6%.
- Silver Standard Resources (NASDAQ:) edged up 1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
