Gold edged higher in Wednesday trading as buyers took advantage of recent price declines and the U.S. dollar weakened relative to other currencies.
Gold futures for December delivery rose to $1,753 on Wednesday, according to . Gold traded as high as $1,755 and as low as $1,744. Gold bullion closed in London at $1,752, according to BullionVault.
Silver futures for December delivery also closed up at $33.23 per ounce. Wednesday’s high for silver was $33.30, while the low was $32.88.
Gold and silver funds rose in Wednesday trading.
- The SPDR Gold Trust (NYSE:) edged up 0.1%.
- The iShares Gold Trust (NYSE:) was flat.
- The iShares Silver Trust (NYSE:) gained 0.6%.
Gold and silver mining ETFs posted gains during the day.
- The Market Vectors Gold Miners ETF (NYSE:) rose 0.8%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) increased 0.7%.
- The Global X Silver Miners ETF (NYSE:) moved up 0.3%.
Gold mining shares moved higher on Wednesday, with Eldorado Gold (NYSE:
) rising the highest.
- Agnico-Eagle Mines (NYSE:) climbed 2%
- Barrick Gold (NYSE:) increased 0.3%.
- Eldorado Gold rose 2.3%.
- Goldcorp (NYSE:) advanced 0.8%.
- Kinross Gold (NYSE:) gained 0.9%.
- Newmont Mining (NYSE:) edged up 0.3%.
- NovaGold Resources (NYSE:) rose 2.1%.
- Yamana Gold (NYSE:) improved 2.2%.
Silver mining shares advanced in Wednesday trading.
- Coeur d’Alene Mines (NYSE:) gained 1.8%.
- Hecla Mining (NYSE:) moved up 0.2%.
- Pan American Silver (NASDAQ:) increased 1.1%.
- Silver Wheaton (NYSE:) climbed 0.4%.
- Silver Standard Resources (NASDAQ:) rose 2.9%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
