Gold inched up in Wednesday trading as investors waited for a decision on a new round of quantitative easing to emerge from the Federal Reserve meeting, which began today and ends Thursday.
Gold futures for December delivery rose to $1,735.2 on Wednesday, according to . Gold traded as high as $1,749.50 and as low as $1,734.50. Gold bullion closed in London at $1,734, according to .
Silver futures edged up to $33.340 an ounce. Wednesday’s high for silver hit $34.145, while the low was $32.51.
Gold funds mostly showed slim gains on Wednesday, while silver slipped.
- The SPDR Gold Trust (NYSE:) finished up marginally.
- The iShares Gold Trust (NYSE:) also was up 0.4%.
- The iShares Silver Trust (NYSE:) fell 0.6%.
Gold and silver mining ETFs were mixed.
- The Market Vectors Gold Miners ETF (NYSE:) increased 0.4%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) dipped 0.8%.
- The Global X Silver Miners ETF (NYSE:) dropped 1.1%.
Gold mining shares mostly posted gains for the day, with Goldcorp (NYSE:
) rising most.
- Agnico-Eagle Mines (NYSE:) inched up 0.3%
- Barrick Gold (NYSE:) gained 0.6%.
- Eldorado Gold (NYSE:) fell 0.55%.
- Goldcorp rose 1.9%.
- Kinross Gold (NYSE:) gained 1.1%.
- Newmont Mining (NYSE:) increased 1.1%.
- NovaGold Resources (AMEX:) ticked up 1.6%.
- Yamana Gold (NYSE:) closed up 1.75%
Silver mining shares mostly rose.
- Coeur d’Alene Mines (NYSE:) rose 1.05%.
- Hecla Mining (NYSE:) gained 1.40%.
- Pan American Silver (NASDAQ:) slipped 1.01%.
- Silver Wheaton (NYSE:) edged up 0.50%.
- Silver Standard Resources (NASDAQ:) increased 0.27%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
