Gold futures for May delivery climbed 1.8% to $1,421 per ounce on Monday, according to CME Group. Gold traded as high as $1,436 and as low as $1,404.70. Gold bullion closed in London at $1,429, according to BullionVault.
Silver futures for May delivery rose 1.6% to $23.32 per ounce. Monday’s high for silver was $23.65, while the low was $23.07.
Gold and silver funds gained in Monday trading.
- The SPDR Gold Trust (NYSE:GLD) increased 1.9%.
- The iShares Gold Trust (NYSE:IAU) also rose 1.8%.
- The iShares Silver Trust (NYSE:SLV) added 0.9%.
Gold and silver mining ETFs improved during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) moved up 1.4%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) added 0.9%.
- The Global X Silver Miners ETF (NYSE:SIL) also advanced 0.9%.
Gold mining shares mostly rose on Monday.
- Agnico-Eagle Mines (NYSE:AEM) gained 1.5%.
- Barrick Gold (NYSE:ABX) fell 0.9%.
- Eldorado Gold (NYSE:EGO) surged 5.3%.
- Goldcorp (NYSE:GG) advanced 2.5%.
- Kinross Gold (NYSE:KGC) climbed 3%.
- Newmont Mining (NYSE:NEM) added 1.3%.
- NovaGold Resources (AMEX:NG) improved 2.7%.
- Yamana Gold (NYSE:AUY) gained 2.8%.
Silver mining shares moved higher.
- Coeur d’Alene Mines (NYSE:CDE) increased 0.9%.
- Hecla Mining (NYSE:HL) grew 1.3%.
- Pan American Silver (NASDAQ:PAAS) was flat.
- Silver Wheaton (NYSE:SLW) inched up 0.7%.
- Silver Standard Resources (NASDAQ:SSRI) rose 0.6%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.