Gold pulled back slightly in Friday trading, but still ended the week with a 5.4% gain — the metal’s largest weekly jump since October 2011.
Gold futures for August delivery slipped 0.2% to $1,277.60 per ounce Friday, according to . Gold traded as high as $1,287.40 and as low as $1,266.40. Gold bullion closed in London at $1,285, according to BullionVault.
Silver futures for August delivery also sank 0.8% to $19.78 per ounce. Friday’s high for silver was $20.13, while the low was $19.67.
Gold and silver funds cooled in Friday trading.
- The SPDR Gold Trust () slid 0.1%.
- The iShares Gold Trust () dipped 0.2%.
- The iShares Silver Trust () fell 1.4%.
Gold and silver mining ETFs pulled back during the day.
- The Market Vectors Gold Miners ETF () dropped 2.4%.
- The Market Vectors Junior Gold Miners ETF () slipped 1%.
- The Global X Silver Miners ETF () declined 2%.
Gold mining shares mostly retreated on Friday.
- Agnico-Eagle Mines () sank 2.6%.
- Barrick Gold () fell 1.8%.
- Eldorado Gold () dropped 3.1%.
- Goldcorp () slid 1.7%.
- Kinross Gold () declined 2%.
- Newmont Mining () moved down 2.4%.
- NovaGold Resources () gained 2%.
- Yamana Gold () slipped 2.3%.
Silver mining shares sank during the day.
- Coeur d’Alene Mines () fell 2.5%.
- Hecla Mining () dropped 2.7%.
- Pan American Silver () dipped 0.8%.
- Silver Wheaton () declined 1.7%.
- Silver Standard Resources () tumbled 3%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
