Gold declined modestly in Friday trading as the U.S. government remained shutdown by a political impasse for the fourth consecutive day. The metal ended down 2.2% for the week.
Gold futures for December delivery sank 0.6% to $1,309.90 per ounce on Friday, according to . Gold traded as high as $1,326 and as low as $1,305.10. Bullion closed in London at $1,313, according to BullionVault.
Silver futures for December delivery dipped 0.2% to $21.75 per ounce. Friday’s high for silver was $21.93, while the low was $21.50.
Metal funds mostly slid in Friday trading.
- The SPDR Gold Shares () slipped 0.5%.
- The iShares Gold Trust () fell 0.5%.
- The iShares Silver Trust () edged up 0.1%.
Mining ETFs sank during the day.
- The Market Vectors Gold Miners ETF () dipped 0.2%.
- The Market Vectors Junior Gold Miners ETF () dropped 2.7%.
- The Global X Silver Miners ETF () fell 0.9%.
Gold mining shares retreated on Friday.
- Agnico-Eagle Mines () moved down 1.1%.
- Barrick Gold () edged lower 0.4%.
- Eldorado Gold () slipped 0.2%.
- Goldcorp () fell 0.8%.
- Kinross Gold () slid 0.4%.
- Newmont Mining () sank 0.6%.
- NovaGold Resources () dropped 1.8%.
- Yamana Gold () waned 0.9%.
Silver mining shares were mixed during the day.
- Coeur d’Alene Mines () slipped 0.3%.
- Hecla Mining () was unchanged.
- Pan American Silver () gained 0.7%.
- Silver Wheaton () fell 0.8%.
- Silver Standard Resources () added 0.4%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
