Gold moved slightly lower on Friday, heading for an 11.5% gain for the third quarter — its best quarterly showing in two years — as oil prices moved up and investors regained confidence over European austerity measures.
Gold futures for December delivery fell to $1,773.90 on Friday, according to . Gold traded as high as $1,785.90 and as low as $1,769.50. Gold bullion closed in London at $1,774, according to .
Silver futures for December delivery also slipped, closing down at $34.57 per ounce. Friday’s high for silver was $34.92, while the low was $34.39.
Gold and silver funds moved lower in Friday trading.
- The SPDR Gold Trust (NYSE:) slipped 0.3%.
- The iShares Gold Trust (NYSE:) edged down 0.2%.
- The iShares Silver Trust (NYSE:) declined 0.3%.
Gold and silver mining ETFs also slipped during the day.
- The Market Vectors Gold Miners ETF (NYSE:) dipped 0.4%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) fell 1%.
- The Global X Silver Miners ETF (NYSE:) slid 0.6%.
Gold mining shares mostly fell on Friday, with NovaGold Resources (AMEX:
) falling the hardest.
- Agnico-Eagle Mines (NYSE:) moved up 0.2%
- Barrick Gold (NYSE:) slipped 0.2%.
- Eldorado Gold (NYSE:) rose 0.7%.
- Goldcorp (NYSE:) fell 1.2%.
- Kinross Gold (NYSE:) increased 0.7%.
- Newmont Mining (NYSE:) dropped 0.9%.
- NovaGold Resources moved down 1.4%.
- Yamana Gold (NYSE:) slipped 0.3%
Silver mining shares rose were mostly lower in Friday trading.
- Coeur d’Alene Mines (NYSE:) fell 1.2%.
- Hecla Mining (NYSE:) tumbled 4.2%.
- Pan American Silver (NASDAQ:) dipped 1.8%.
- Silver Wheaton (NYSE:) rose 0.7%.
- Silver Standard Resources (NASDAQ:) declined 2.3%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
