Gold edged fractionally higher in Friday trading, snapping two straight sessions of sharp declines. Still, the precious metal closed out the week down 3.4%, its worst weekly showing since September.
Gold futures for December delivery climbed 50 cents to $1,244.10 per ounce on Friday, according to . Gold traded as high as $1,248.30 and as low as $1,240.30. Bullion closed in London at $1,244, according to .
Silver futures for December slipped 0.4% to $19.86 per ounce. Friday’s high for silver was $20.05, while the low was $19.82.
Metal funds were mostly lower on Friday.
- The SPDR Gold Shares () were flat.
- The iShares Gold Trust () was unchanged.
- The iShares Silver Trust () sank 0.6%.
Mining ETFs retreated during the day.
- The Market Vectors Gold Miners ETF () fell 1.1%.
- The Market Vectors Junior Gold Miners ETF () dropped 1.9%.
- The Global X Silver Miners ETF () declined 0.8%.
Gold stocks mostly pulled back on Friday.
- Agnico-Eagle Mines () slid 1%.
- Barrick Gold () dropped 2.8%.
- Eldorado Gold () fell 1.9%.
- Goldcorp () waned 0.8%.
- Kinross Gold () rose 0.2%.
- Newmont Mining () slipped 0.5%.
- NovaGold Resources () tumbled 3.1%.
- Yamana Gold () declined 0.7%.
Silver mining shares mostly sank during the day.
- Coeur d’Alene Mines () dipped 0.4%.
- Hecla Mining () slid 0.5%.
- Pan American Silver () edged down 0.1%.
- Silver Wheaton () fell 0.7%.
- Silver Standard Resources () surged 3.9%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
