Gold advanced again on Friday, extending Thursday’s rally and closing out the week with a roughly 2% gain.
Gold futures for February delivery moved up 1.1% to $1,238.60 per ounce on Friday, according to . Gold traded as high as $1,239.60 and as low as $1,221.30. Bullion closed in London at $1,239, according to .
Silver futures for March delivery edged up 0.1%, to $20.21 per ounce. Friday’s high for silver was $20.33, while the low was $19.99.
Metal funds climbed on Friday.
- The SPDR Gold Shares () rose 1.1%.
- The iShares Gold Trust () added 1%.
- The iShares Silver Trust () gained 1%.
Mining ETFs declined during the day.
- The Market Vectors Gold Miners ETF () dropped 1%.
- The Market Vectors Junior Gold Miners ETF () slipped 0.1%.
- The Global X Silver Miners ETF () sank 0.2%.
Gold stocks mostly retreated on Friday.
- Agnico-Eagle Mines () fell 1.7%.
- Barrick Gold () slid 0.9%.
- Eldorado Gold () sank 1.3%.
- Goldcorp () faded 1.4%.
- Kinross Gold () rose 0.7%.
- Newmont Mining () dipped 0.2%.
- NovaGold Resources () dropped 3.2%.
- Yamana Gold () waned 1.5%.
Silver mining shares pulled back during the day.
- Coeur d’Alene Mines () slipped 0.5%.
- Hecla Mining () dipped 0.3%.
- Pan American Silver () dropped 1%.
- Silver Wheaton () sank 0.6%.
- Silver Standard Resources () slid 2.4%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
