Gold rallied for a modest gain on Friday, snapping a four-session losing streak as investors took advantage of the metal’s recent declines. Despite the uptick, gold ended the week down 3.1%.
Gold futures for April climbed 0.4% to $1,336 per ounce on Friday, according to . Gold traded as high as $1,343 and as low as $1,328. Bullion closed in London at $1,336, according to .
Silver futures for May delivery fell 0.6% to $20.31 per ounce. Friday’s high for silver was $20.59, while the low was $20.27.
Metal funds were mostly higher on Friday.
- The SPDR Gold Shares () added 0.5%.
- The iShares Gold Trust () rose 0.5%.
- The iShares Silver Trust () dipped 0.1%.
Mining ETFs mostly improved during the day.
- The Market Vectors Gold Miners ETF () gained 0.2%.
- The Market Vectors Junior Gold Miners ETF () slid 0.1%.
- The Global X Silver Miners ETF () increased 0.3%.
Gold stocks mostly declined on Friday.
- Agnico-Eagle Mines () dipped 0.2%.
- Barrick Gold () edged down 0.1%.
- Eldorado Gold () fell 1.4.
- Goldcorp () was flat.
- Kinross Gold () rose 0.2%.
- Newmont Mining () slipped 0.1%.
- NovaGold Resources () dropped 1.7%.
- Yamana Gold () slid 1.7%.
Silver mining shares mostly faded during the day.
- Coeur d’Alene Mines () fell 0.6%.
- Hecla Mining () gained 0.6%.
- Pan American Silver () dipped 0.3%.
- Silver Wheaton () sank 0.4%.
- Silver Standard Resources () dropped 1.7%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
