Gold edged higher in Friday trading as the U.S. dollar fell against other currencies and a government report showed rising consumer prices. The metal posted a small gain for the week.
Gold futures for April delivery inched up 0.1% to $1,592.60 per ounce on Friday, according to CME Group. Gold traded as high as $1,597.90 and as low as $1,587.30. Gold bullion closed in London at $1,595, according to BullionVault.
Silver futures for April delivery rose 0.2% to $28.83 per ounce. Friday’s high for silver was $28.96, while the low was $28.72.
Gold and silver funds were mostly higher in Friday trading.
- The SPDR Gold Trust (NYSE:) climbed 0.2%.
- The iShares Gold Trust (NYSE:) also rose 0.2%.
- The iShares Silver Trust (NYSE:) was flat.
Gold and silver mining ETFs moved up during the day.
- The Market Vectors Gold Miners ETF (NYSE:) rose 0.2%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) increased 1.6%.
- The Global X Silver Miners ETF (NYSE:) edged up 0.2%.
Gold mining shares mostly gained on Friday.
- Agnico-Eagle Mines (NYSE:) fell 0.4%.
- Barrick Gold (NYSE:) rose 0.2%
- Eldorado Gold (NYSE:) increased 0.9%.
- Goldcorp (NYSE:) was flat.
- Kinross Gold (NYSE:) slipped 0.4%.
- Newmont Mining (NYSE:) advanced 0.2%.
- NovaGold Resources (AMEX:) climbed 1.3%.
- Yamana Gold (NYSE:) slipped 0.1%.
Silver mining shares also mostly advanced.
- Coeur d’Alene Mines (NYSE:) increased 2%.
- Hecla Mining (NYSE:) rose 1.4%.
- Pan American Silver (NASDAQ:) improved 0.7%.
- Silver Wheaton (NYSE:) dipped 0.8%.
- Silver Standard Resources (NASDAQ:) gained 1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
