Gold moved fractionally higher in Wednesday trading prior to the release of the minutes of the Federal Reserve’s June Federal Open Market Committee meeting. Gold rose more strongly in after-hours trading following the minutes’ release.
Gold futures for August delivery edged up 0.1% to $1,247.40 per ounce Wednesday, according to . Gold traded as high as $1,260.80 and as low as $1,242.20. Gold bullion closed in London at $1,255, according to BullionVault.
Silver futures for August delivery also gained 0.1% to $19.16 per ounce. Wednesday’s high for silver was $19.26, while the low was $19.
Gold and silver funds were mixed in Wednesday trading.
- The SPDR Gold Trust () rose 0.2%.
- The iShares Gold Trust () climbed 0.3%.
- The iShares Silver Trust () slipped 0.4%.
Gold and silver mining ETFs were also mixed during the day.
- The Market Vectors Gold Miners ETF () was flat.
- The Market Vectors Junior Gold Miners ETF () gained 0.7%.
- The Global X Silver Miners ETF () fell 1%.
Gold mining shares were mostly lower Wednesday.
- Agnico-Eagle Mines () dropped 0.7%.
- Barrick Gold () added 0.7%.
- Eldorado Gold () dipped 0.5%.
- Goldcorp () was flat.
- Kinross Gold () climbed 0.9%.
- Newmont Mining () fell 1.7%.
- NovaGold Resources () tumbled 4.5%.
- Yamana Gold () rose 0.9%.
Silver mining shares mostly declined during the day.
- Coeur d’Alene Mines () fell 1.1%.
- Hecla Mining () gained 0.5%.
- Pan American Silver () dropped 2.6%.
- Silver Wheaton () slid 0.1%.
- Silver Standard Resources () added 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.
