Gold futures for December delivery fell $1,728.40 on Monday, according CME Group. Gold traded as high as $1,742.30 and as low as $1,727.00. Gold Bullion closed in London at $1,728.
Silver futures dipped to $33.39 an ounce. Monday’s high for silver hit $34.02, while the low was $33.285.
Gold and silver funds felt the pullback on Monday.
- The SPDR Gold Trust (NYSE:GLD) finished 0.68% lower.
- The iShares Gold Trust (NYSE:IAU) also was 0.65% lower.
- The iShares Silver Trust (NYSE:SLV) fell 1.7%.
Gold and silver mining ETFs also dipped on Monday.
- The Market Vectors Gold Miners ETF (NYSE:GDX) fell 1.94%%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) dropped 2.09%.
- The Global X Silver Miners ETF (NYSE:SIL) dipped 1.26%.
Gold mining shares showed mostly losses for the day, though NovaGold Resources (AMEX:NG) managed to inch up 0.59%.
- Agnico-Eagle Mines (NYSE:AEM) fell 2.89%.
- Barrick Gold (NYSE:ABX) slipped 1.94%.
- Eldorado Gold (NYSE:EGO) declined 3.54%.
- Goldcorp (NYSE:GG) dipped 1.95%.
- Kinross Gold (NYSE:KGC) fell 2.28%.
- Newmont Mining (NYSE:NEM) finished 0.64% lower.
- NovaGold Resources rose 0.59%.
- Yamana Gold (NYSE:AUY) closed down 1.96%
Silver mining shares also experienced the decline.
- Coeur d’Alene Mines (NYSE:CDE) fell 0.8%
- Hecla Mining (NYSE:HL) dropped 2.41%.
- Pan American Silver (NASDAQ:PAAS) dropped 1.58%.
- Silver Wheaton (NYSE:SLW) was slipped 1.21%.
- Silver Standard Resources (NASDAQ:SSRI) declined 2.44%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities.