Gold prices moved fractionally lower on Friday, but closed out the week with a 0.5% gain.
Gold mining stocks mostly declined during the day, with NovaGold Resources () falling harder than most. NovaGold Resources ended the session down more than 3%.
Gold futures for June delivery shed 20 cents to $1,293.40 per ounce on Friday, according to . Gold prices were as high as $1,298.30 and as low as $1,287.70. Bullion closed in London at $1,295, according to .
Silver futures for July delivery slid 0.7% to $19.33 per ounce. Friday’s high for silver was $19.53, while the low was $19.26.
Here’s how metal-based funds and mining stocks fared on Friday:
Gold and Silver Funds
- The SPDR Gold Shares () sank 0.2%.
- The iShares Gold Trust () also dipped 0.2%.
- The iShares Silver Trust () fell 0.8%.
Gold and Silver Mining ETFs
- The Market Vectors Gold Miners ETF () declined 0.9%.
- The Market Vectors Junior Gold Miners ETF () edged down 0.1%.
- The Global X Silver Miners ETF () dropped 1%.
Gold Miners
- Agnico Eagle Mines () faded 1.2%.
- Barrick Gold () sank 1.4%.
- Eldorado Gold dropped 2.2%.
- Goldcorp () fell 1.4%.
- Kinross Gold () declined 1%.
- Newmont Mining () slid 1.2%.
- NovaGold Resources tumbled 3.2%.
- Yamana Gold () climbed 0.8%.
Silver Miners
- Coeur d’Alene Mines () dipped 0.1%.
- Hecla Mining () climbed 0.7%.
- Pan American Silver () gained 1.5%.
- Silver Wheaton () sank 1.6%.
- Silver Standard Resources () edged down 0.4%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of contributed to this report.
