Gold extended its week-long rally on Friday, rising for an eighth consecutive session. The precious metal closed out the week with a gain of 4.4%.
Gold futures for April delivery added 1.4%, rising to $1,318.60 per ounce on Friday, according to . Gold traded as high as $1,321.50 and as low as $1,299.90. Bullion closed in London at $1,319, according to .
Silver futures for March delivery soared 5% to $21.42 per ounce. Friday’s high for silver was $21.44, while the low was $20.45.
Metal funds climbed on Friday.
- The SPDR Gold Shares () rose 1.3%.
- The iShares Gold Trust () added 1.3%.
- The iShares Silver Trust () surged 4.6%.
Mining ETFs gained during the day.
- The Market Vectors Gold Miners ETF () increased 1.8%.
- The Market Vectors Junior Gold Miners ETF () moved up 3.7%.
- The Global X Silver Miners ETF () rose 3.2%.
Gold stocks advanced on Friday.
- Agnico-Eagle Mines () rose 1%.
- Barrick Gold () moved up 1.2%.
- Eldorado Gold () inched up 0.6%.
- Goldcorp () added 2.1%.
- Kinross Gold () increased 1.4%.
- Newmont Mining () gained 1.4%.
- NovaGold Resources () surged 4.9%.
- Yamana Gold () moved up 3%.
Silver mining shares improved during the day.
- Coeur d’Alene Mines () rose 2%.
- Hecla Mining () jumped 4.2%.
- Pan American Silver () added 1.1%.
- Silver Wheaton () climbed 2.6%.
- Silver Standard Resources () surged 4.8%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
