Gold and silver surged Friday, ending a relatively positive week on a stellar high. Gold rose to its highest price since February and silver reached its highest level since March, reports.
Gold futures traded 2.1% higher Friday, with a final bid of $1,738 per ounce, according to . Gold prices reached a high of $1,742 and a low of $1,688.80. Gold bullion finished Friday at $1,740 .
Silver futures jumped 3% Friday, with a final bid of $33.64 per ounce. Friday’s high for silver reached $33.66, and the low was $32.
Gold and silver funds brought home big gains Friday.
- The SPDR Gold Trust (NYSE:) finished 2.2% higher.
- The iShares Gold Trust (NYSE:) also was 2.2% higher.
- The iShares Silver Trust (NYSE:) climbed 3.1%.
Gold and silver mining ETFs rose significantly Friday.
- The Market Vectors Gold Miners ETF (NYSE:) rose 2.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:) sprouted 3%.
- The Global X Silver Miners ETF (NYSE:) climbed 3.3%.
Gold mining shares reported healthy wins, with NovaGold Resources (AMEX:
) leading the way with a 7% surge.
- Agnico-Eagle Mines (NYSE:) rose 2.3%.
- Barrick Gold (NYSE:) climbed 3%.
- Eldorado Gold (NYSE:) jumped 6.5%.
- Goldcorp (NYSE:) finished 2% higher.
- Kinross Gold (NYSE:) lifted 5.8%
- Newmont Mining (NYSE:) finished 1.3% higher.
- NovaGold Resources soared 7%
- Yamana Gold (NYSE:) rose 1.8%.
Silver mining shares also showed gains.
- Coeur d’Alene Mines (NYSE:) rose 3.1%.
- Hecla Mining (NYSE:) climbed 5.2%.
- Pan American Silver (NASDAQ:) jumped 2.5%.
- Silver Wheaton (NYSE:) was 1.8% higher.
- Silver Standard Resources (NASDAQ:) ticked up 0.5%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
