Gold posted a slight gain in Thursday trading as equities markets stalled and the U.S. dollar softened against other currencies.
Gold futures for February delivery rose 0.2% to $1,240.20 per ounce on Thursday, according to . Gold traded as high as $1,244.90 and as low as $1,235.80. Bullion closed in London at $1,244, according to .
Silver futures for March delivery sank 0.4%, to $20.5 per ounce. Thursday’s high for silver was $20.25, while the low was $19.97.
Metal funds were mixed on Thursday.
- The SPDR Gold Shares () added 0.1%.
- The iShares Gold Trust () rose 0.2%.
- The iShares Silver Trust () dipped 0.4%.
Mining ETFs improved during the day.
- The Market Vectors Gold Miners ETF () increased 1%.
- The Market Vectors Junior Gold Miners ETF () climbed 1.5%.
- The Global X Silver Miners ETF () moved up 1.7%.
Gold stocks mostly climbed on Thursday.
- Agnico-Eagle Mines () fell 1%.
- Barrick Gold () rose 0.9%.
- Eldorado Gold () jumped 3.6%.
- Goldcorp () added 0.6%.
- Kinross Gold () increased 0.8%.
- Newmont Mining () gained 1.6%.
- NovaGold Resources () moved up 0.4%.
- Yamana Gold () improved 0.8%.
Silver mining shares mostly advanced during the day.
- Coeur d’Alene Mines () dipped 0.5%.
- Hecla Mining () added 0.6%.
- Pan American Silver () rose 1%.
- Silver Wheaton () increased 1.2%.
- Silver Standard Resources () moved up 1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
