Gold futures about traded 0.3% higher Thursday, with a final bid of $1,617.40 per ounce, according to . Gold prices reached a high of $1,618 and a low of $1,609.80. Gold bullion finished at $1,6117 per ounce for Thursday’s trading session in London, according to .
“Gold seems to have gotten a foothold above the $1,600 level and seems to be relatively stable,” .
Silver futures were flat Thursday for a second day in a row, with a final bid of $28.09 per ounce. Thursday’s high for silver reached $28.19, and the low was $27.99. “Like gold, silver is showing no trend momentum,” technical analysts at bullion bank t.
Gold and silver trusts edged higher Thursday.
- The SPDR Gold Trust (NYSE:) was up 0.4%.
- The iShares Gold Trust (NYSE:) was 0.4% higher.
- The iShares Silver Trust (NYSE:) gained 0.3%.
Gold and silver mining ETFs also showed higher results.
- The Market Vectors Gold Miners ETF (NYSE:) climbed 1.4%.
- The Market Vectors Junior Gold Miners ETF (NYSE) finished 2.5% higher.
- The Global X Silver Miners ETF (NYSE:) rose 1.6%.
Some gold mining shares brought in healthy gains Thursday, with NovaGold Resources (AMEX:) leading the way. Despite reporting less-than-stellar second-quarter earnings after the bell yesterday, shares of both Kinross Gold (NYSE:
) and Yamana Gold (NYSE:) finished strong today.
- Agnico-Eagle Mines (NYSE:) was up 0.3%.
- Barrick Gold (NYSE:) finished 1.1% higher.
- Eldorado Gold (NYSE:) climbed 1.9%.
- Goldcorp (NYSE:) rose 1.1%.
- Kinross Gold was 2.9% higher.
- Newmont Mining (NYSE:) finished 0.6% higher.
- NovaGold Resources gained 4.5%.
- Yamana Gold finished up 2.1%.
Silver mining shares also finished on a high Thursday, with Coeur d’Alene Mines (NYSE:) leading the pack.
- Coeur d’Alene Mines jumped 3.9%.
- Hecla Mining (NYSE:) climbed 2.2%.
- Pan American Silver (NASDAQ:) was 2% higher.
- Silver Wheaton (NYSE:) rose 2%.
- Silver Standard Resources (NASDAQ:) spiked 3%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
