Gold reversed course on Friday, rising modestly after tumbling in the previous session. The metal ended the week up 0.5%.
Gold futures for February added 0.8% to $1,234.60 per ounce on Friday, according to . Gold traded as high as $1,238.10 and as low as $1,219.50. Bullion closed in London at $1,240, according to .
Silver futures for March delivery moved up 0.8%, to $19.60 per ounce. Friday’s high for silver was $19.74, while the low was $19.28.
Metal funds advanced on Friday.
- The SPDR Gold Shares () rose 0.9%.
- The iShares Gold Trust () increased 0.9%.
- The iShares Silver Trust () climbed 0.8%.
Mining ETFs moved higher during the day.
- The Market Vectors Gold Miners ETF () added 0.4%.
- The Market Vectors Junior Gold Miners ETF () gained 1.1%.
- The Global X Silver Miners ETF () was flat.
Gold stocks mostly improved on Friday.
- Agnico-Eagle Mines () rose 0.7%.
- Barrick Gold () added 1.7%.
- Eldorado Gold () gained 0.7%.
- Goldcorp () fell 0.3%.
- Kinross Gold () sank 0.2%.
- Newmont Mining () was flat.
- NovaGold Resources () surged 4.4%.
- Yamana Gold () advanced 0.4%.
Silver mining shares mostly rose during the day.
- Coeur d’Alene Mines () sank 0.4%.
- Hecla Mining () improved 0.7%.
- Pan American Silver () added 0.9%.
- Silver Wheaton () gained 0.4%.
- Silver Standard Resources () climbed 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.
