Gold prices edged lower on Thursday, declining for the third consecutive session.
On a mixed day for silver miners, Coeur d’Alene Mining () dropped sharply. CDE announced a first-quarter loss of 19 cents, which was better than the loss of 31 cents that . However, quarterly revenue of $159.6 million, down 7% year-over-year, fell short of the $164.5 million that Wall Street had anticipated. CDE stock closed down almost 3%.
Gold futures for June delivery dipped 0.1% to $1,287.70 per ounce on Thursday, according to . Gold prices were as high as $1,295.50 and as low as $1,284.80. Bullion closed in London at $1,292, according to .
Silver futures for July delivery fell 1% to $19.14 per ounce. Thursday’s high for silver was $19.39, while the low was $19.13.
Here’s how metal-based funds and mining stocks fared on Thursday:
Gold and Silver Funds
- The SPDR Gold Shares () was flat.
- The iShares Gold Trust () inched up 0.1%.
- The iShares Silver Trust () sank 0.8%.
Gold and Silver Mining ETFs
- The Market Vectors Gold Miners ETF () slipped 0.1%.
- The Market Vectors Junior Gold Miners ETF () faded 0.5%.
- The Global X Silver Miners ETF () fell 0.7%.
Gold Miners
- Agnico Eagle Mines () rose 0.8%.
- Barrick Gold Corporation () sank 0.6%.
- Eldorado Gold () gained 0.5%.
- Goldcorp () edged up 0.1%.
- Kinross Gold () was unchanged.
- Newmont Mining () was flat.
- NovaGold () added 0.3%.
- Yamana Gold () fell 0.8%.
Silver Miners
- CDE stock retreated 2.9%.
- Hecla Mining () rose 0.3%.
- Pan American Silver () sank 0.6%.
- Silver Wheaton () added 0.7%.
- Silver Standard Resources () slid 1%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
