Gold gained slightly in Thursday trading, breaking a three-session losing streak. The metal’s gain comes as investors await the release of the Labor Department’s December jobs report on Friday morning.
Gold futures for February delivery rose 0.3% to $1,229.40 per ounce on Thursday, according to . Gold traded as high as $1,230.90 and as low as $1,222.80. Bullion closed in London at $1,230, according to .
Silver futures for March delivery climbed 0.7%, to $19.68 per ounce. Thursday’s high for silver was $19.71, while the low was $19.38.
Metal funds improved on Thursday.
- The SPDR Gold Shares () moved up 0.3%.
- The iShares Gold Trust () added 0.2%.
- The iShares Silver Trust () was flat.
Mining ETFs sank during the day.
- The Market Vectors Gold Miners ETF () fell 1.5%.
- The Market Vectors Junior Gold Miners ETF () dropped 2.1%.
- The Global X Silver Miners ETF () slid 2.3%.
Gold stocks mostly declined on Thursday.
- Agnico-Eagle Mines () dropped 3%.
- Barrick Gold () fell 1.3%.
- Eldorado Gold () slid 2.6%.
- Goldcorp () rose 1.3%.
- Kinross Gold () sank 2.4%.
- Newmont Mining () faded 0.9%.
- NovaGold Resources () was flat.
- Yamana Gold () slumped 3.1%.
Silver mining shares retreated during the day.
- Coeur d’Alene Mines () tumbled 4.4%.
- Hecla Mining () dropped 3.8%.
- Pan American Silver () fell 1.4%.
- Silver Wheaton () sank 3.3%.
- Silver Standard Resources () pulled back 2.9%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
