Gold climbed in Thursday trading as crude oil prices hit a four-month high on improved U.S. housing and unemployment data.
Gold futures for February delivery rose about 0.5% to $1,690.80 on Thursday, according to CME Group. Gold traded as high as $1,697.80 and as low as $1,666.40. Gold bullion closed in London at $1,690, according to BullionVault.
Silver futures for February delivery rose 0.8% to $31.78 per ounce. Thursday’s high for silver was $31.79, while the low was $31.15 an ounce.
Gold and silver funds gained in Thursday trading.
- The SPDR Gold Trust (NYSE:) rose 0.4%.
- The iShares Gold Trust (NYSE:) also climbed 0.4%.
- The iShares Silver Trust (NYSE:) increased 0.7%.
Gold and silver mining ETFs mostly fell during the day.
- The Market Vectors Gold Miners ETF (NYSE:) declined 0.4%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) gained 0.6%.
- The Global X Silver Miners ETF (NYSE:) declined 0.3%.
Gold mining shares were mostly lower, with NovaGold Resources (AMEX:
) among the biggest declines.
- Agnico-Eagle Mines (NYSE:) slid 0.6%.
- Barrick Gold (NYSE:) dipped 0.2%.
- Eldorado Gold (NYSE:) moved down 0.9%.
- Goldcorp (NYSE:) rose 0.1%.
- Kinross Gold (NYSE:) fell 1.4%.
- Newmont Mining (NYSE:) sank 0.7%.
- NovaGold Resources tumbled 2.1%.
- Yamana Gold (NYSE:) slipped 0.7%.
Silver mining shares were mixed Thursday.
- Coeur d’Alene Mines (NYSE:) climbed 1.5%.
- Hecla Mining (NYSE:) fell 0.5%.
- Pan American Silver (NASDAQ:) declined 0.7%.
- Silver Wheaton (NYSE:) rose 0.4%
- Silver Standard Resources (NASDAQ:) dropped 0.5%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
