Gold gained in Friday trading, but still ended down for the week. The precious metal also posted its worst quarterly loss since at least 1968, down 23%.
Gold futures for July delivery climbed 1% to $1,223.70 per ounce on Friday, according to . Gold traded as high as $1,229 and as low as $1,179.40. Gold bullion closed in London at $1,231, according to BullionVault.
Silver futures for July delivery surged 5% to $19.45 per ounce. Friday’s high for silver was $19.56 while the low was $18.19.
Gold and silver funds improved in Friday trading.
- The SPDR Gold Trust () rose 2.8%.
- The iShares Gold Trust () also climbed 2.8%.
- The iShares Silver Trust () surged 6%.
Gold and silver mining ETFs rose sharply during the day.
- The Market Vectors Gold Miners ETF () gained 7.5%.
- The Market Vectors Junior Gold Miners ETF () soared 8.9%.
- The Global X Silver Miners ETF () increased 9%.
Gold mining shares vaulted higher on Friday.
- Agnico-Eagle Mines () jumped 8.4%.
- Barrick Gold () added 6%.
- Eldorado Gold () advanced 7.8%.
- Goldcorp () surged 8.7%.
- Kinross Gold () soared 9.9%.
- Newmont Mining () increased 8.2%.
- NovaGold Resources () gained 9.1%.
- Yamana Gold () rose 8.1%.
Silver mining shares soared during the day.
- Coeur d’Alene Mines () gained 9.6%.
- Hecla Mining () climbed 8.4%.
- Pan American Silver () advanced 7.1%.
- Silver Wheaton () climbed 7.5%.
- Silver Standard Resources () surged 9.5%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
