Gold prices drifted fractionally lower in Friday trading. The metal remained below the $1,300 per ounce level, finishing the week down 1.2%.
During a session that saw mixed tepid movement for miners, NovaGold () and Silver Standard Resources () dropped sharply. NG stock closed down more than 5%. SSRI reported a , sending SSRI shares plummeting more than 10%.
Gold futures for June delivery shed 10 cents, dipping to $1,287.60 per ounce on Friday, according to . Gold prices were as high as $1,294.50 and as low as $1,285.50. Bullion closed in London at $1,290, according to .
Silver futures for July delivery slipped almost 2 cents to $19.12 per ounce. Friday’s high for silver was $19.32, while the low was $19.05.
Here’s how metal-based funds and mining stocks fared on Friday:
Gold and Silver Funds
- The SPDR Gold Shares () edged down 0.1%.
- The iShares Gold Trust () was flat.
- The iShares Silver Trust () faded 0.1%.
Gold and Silver Mining ETFs
- The Market Vectors Gold Miners ETF () sank 0.2%.
- The Market Vectors Junior Gold Miners ETF () fell 0.7%.
- The Global X Silver Miners ETF () declined 0.7%.
Gold Miners
- Agnico Eagle Mines () climbed 0.4%.
- Barrick Gold Corporation () added 0.4%.
- Eldorado Gold () fell 0.5%.
- Goldcorp () slipped 0.1%.
- Kinross Gold () gained 1.5%.
- Newmont Mining () inched up 0.1%.
- NG stock tumbled 5.7%.
- Yamana Gold () dipped 0.1%.
Silver Miners
- Coeur d’Alene Mines () fell 1%.
- Hecla Mining () sank 0.3%.
- Pan American Silver () gained 1.9%.
- Silver Wheaton () fell 0.5%.
- SSRI plunged 10.3%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
