After jumping sharply during the prior session, gold fell back marginally in Thursday trading. The metal’s retreat came even as the nation entered the third day of a U.S. government shutdown. Gold has fallen in three of the last four trading sessions.
Gold futures for December delivery dipped 0.2% to $1,317.60 per ounce on Thursday, according to . Gold traded as high as $1,322.80 and as low as $1,302. Bullion closed in London at $1,320, according to BullionVault.
Silver futures for December delivery slid 0.5% to $21.79 per ounce. Thursday’s high for silver was $21.86, while the low was $21.44.
Metal funds moved slightly higher in Wednesday trading.
- The SPDR Gold Shares () edged up 0.1%.
- The iShares Gold Trust () rose 0.2%.
- The iShares Silver Trust () was unchanged.
Mining ETFs declined during the day.
- The Market Vectors Gold Miners ETF () slid 0.9%.
- The Market Vectors Junior Gold Miners ETF () sank 1.3%.
- The Global X Silver Miners ETF () moved lower 0.9%.
Gold mining shares pulled back on Thursday.
- Agnico-Eagle Mines () slipped 1.2%.
- Barrick Gold () fell 1.7%.
- Eldorado Gold () dropped 2.1%.
- Goldcorp () declined 1.1%.
- Kinross Gold () fell 0.6%.
- Newmont Mining () moved down 2.1%.
- NovaGold Resources () slid 2.2%.
- Yamana Gold () waned 2.1%.
Silver mining shares mostly fell during the day.
- Coeur d’Alene Mines () sank 1.4%.
- Hecla Mining () rose 0.3%.
- Pan American Silver () dropped 1.8%.
- Silver Wheaton () slid 1.5%.
- Silver Standard Resources () tumbled 3.6%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
