Gold futures about traded 0.6% lower Tuesday, with a final bid of $1,610.50 per ounce, according to . Gold prices reached a high of $1,627.50 and a low of $1,610. Gold bullion finished lower at $1,616 per ounce for Tuesday’s trading session in London, according to .
“With wider markets setting the flow direction for gold bullion, underlying demand for the metal remains soft and has barely provided any significant direction,” Swiss precious metals refiner .
Silver futures traded 0.4% lower Tuesday, with a final bid of $27.89 per ounce. Tuesday’s high for silver reached $28.23, and the low was $28.07.
Gold and silver trusts were mixed.
- The SPDR Gold Trust (NYSE:) finished down 0.6%.
- The iShares Gold Trust (NYSE:) was 0.5% lower.
- The iShares Silver Trust (NYSE:) climbed 0.9%.
Gold and silver mining ETFs showed 2% or greater losses.
- The Market Vectors Gold Miners ETF (NYSE:) fell 2.2%.
- The Market Vectors Junior Gold Miners ETF (NYSE) finished 2.1% lower.
- The Global X Silver Miners ETF (NYSE:) was 2% lower.
Gold mining shares showed varying losses.
- Agnico-Eagle Mines (NYSE:) was down 1.1%.
- Barrick Gold (NYSE:) finished 0.5% lower.
- Eldorado Gold (NYSE:) dove 4.8%.
- Goldcorp (NYSE:) finished 1.5% lower, amid news that its Q2 earnings missed analyst estimates.
- Kinross Gold (NYSE:) was 2.6% lower.
- Newmont Mining (NYSE:) lost 1.8%.
- NovaGold Resources (AMEX:) was 0.3% lower.
- Yamana Gold (NYSE:) finished down 2.3%.
Silver mining shares finished broadly lower Tuesday, with
Pan American Silver (NASDAQ:) being the exception.
- Coeur d’Alene Mines (NYSE:) was down 2.7%.
- Hecla Mining (NYSE:) finished 2.8% lower.
- Pan American Silver was 1.6% higher.
- Silver Wheaton (NYSE:) dropped 1.9%.
- Silver Standard Resources (NASDAQ:) fell 2.1%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
