Gold moved higher on Friday as investors sought security against the uncertain outcome of government efforts to stimulate economies worldwide.
Gold futures for December delivery rose to $1,778 on Friday, according to . Gold traded as high as $1,790 and as low as $1,769.10. Gold bullion closed in London at $1,776, according to .
Silver futures headed lower, closing down at $34.638 per ounce. Friday’s high for silver was $35.26, while the low was $34.365.
Gold and silver funds were mixed in Friday trading.
- The SPDR Gold Trust (NYSE:) rose 0.3%.
- The iShares Gold Trust (NYSE:) also moved up 0.3%.
- The iShares Silver Trust (NYSE:) dipped 0.3%.
Gold and silver mining ETFs rose during the day.
- The Market Vectors Gold Miners ETF (NYSE:) gained 0.8%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) climbed 2%.
- The Global X Silver Miners ETF (NYSE:) increased 0.6%.
Gold mining shares were mixed during the day, with Barrick Gold (NYSE:) rising the most.
- Agnico-Eagle Mines (NYSE:) edged up 0.2%
- Barrick Gold moved higher by 0.9%.
- Eldorado Gold (NYSE:) dipped 0.8%.
- Goldcorp (NYSE:) gained 1%.
- Kinross Gold (NYSE:) edged up 0.5%.
- Newmont Mining (NYSE:) moved lower 0.4%.
- NovaGold Resources (NYSE:) slipped 0.6%.
- Yamana Gold (NYSE:) increased 1%
Silver mining shares gained in Friday trading.
- Coeur d’Alene Mines (NYSE:) rose 0.2%.
- Hecla Mining (NYSE:) climbed 1.2%.
- Pan American Silver (NASDAQ:) jumped 2.9%.
- Silver Wheaton (NYSE:) edged up 0.7%.
- Silver Standard Resources (NASDAQ:) moved higher by 2.6%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
