Gold, Silver March Despite Positive Retail Sales Report
Spot gold traded in the low $1,670s on Friday morning, and silver was on the low end of $32. Precious-metal trusts and ETFs also headed higher.

Gold and silver prices were moving higher in Friday morning trading, even as a healthy print on September retail sales gave investors a bit more confidence that the U.S. economy wasn’t falling into another black hole.

Spot gold briefly breached the $1,680-per-ounce level early today and was trading at $1,672.50 Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The London p.m. gold fix was set at $1,678 by the London Bullion Market Association.

Spot silver was bid at $32.16 with an ask price of $32.26, having hit a morning high of $32.65 and a low of $31.94. The reference price for spot delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.

In stock exchange trading, gold and silver trusts were moving up.

  • The SPDR Gold Trust (NYSE:GLD) was around 0.25% higher.
  • The iShares Gold Trust (NYSE:IAU) also was up about 0.25%.
  • The iShares Silver Trust (NYSE:SLV) was around 1.4% higher.

Gold and silver mining ETFs started the day up strongly.

  • The Market Vectors Gold Miners ETF (NYSE:GDX) was more than 1.5% higher.
  • The Market Vector Junior Gold Miners ETF (NYSE:GDXJ) was up more than 1.4%.
  • The Global X Silver Miners ETF (NYSE:SIL) was some 1.7% higher.

Shares of gold miners were broadly higher, with NovaGold Resources the exception.

  • Agnico Eagle Mines (USA) (NYSE:AEM) was around 0.3% higher.
  • Barrick Gold Corp. (NYSE:ABX) was up around 1.45%.
  • Goldcorp (NYSE:GG) was up around 1.4%.
  • Newmont Mining Corp. (NYSE:NEM) was some 2% higher.
  • NovaGold Resources (USA) (AMEX:NG) was off more than 1.5%.

Silver mining shares also were moving higher Friday morning.

  • Coeur D’Alene Mines Corp. (NYSE:CDE) was 1.6% higher.
  • Hecla Mining (NYSE:HL) was moving between gains of 1.5% and 1.9%.
  • Pan American Silver Corp. (USA) (NASDAQ:PAAS) was around 0.9%.
  • Silver Wheaton Corp. (USA) (NYSE:SLW) was showing gains of 2.1%.
  • Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) was up around 1.4%.

As of this writing, Andrew Burger did not hold a position in any of the aforementioned investments.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here