Comments from European Central Bank President Mario Draghi, signaling a willingness to cut interest rates even more to keep the eurozone economy from stalling, had little effect on traders.
Gold futures for June delivery climbed 0.2% to $1,468 per ounce on Monday, according to CME Group. Gold traded as high as $1,478.40 and as low as $1,463.80. Gold bullion closed in London at $1,472, according to BullionVault.
Silver futures for June delivery slipped 0.2% to $23.94 per ounce. Monday’s high for silver was $24.37, while the low was $23.82.
Gold and silver funds were listless in Monday trading.
- The SPDR Gold Trust (NYSE:GLD) was flat.
- The iShares Gold Trust (NYSE:IAU) was unchanged.
- The iShares Silver Trust (NYSE:SLV) fell 0.5%.
Gold and silver mining ETFs were mixed during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) was unchanged.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) rose 0.3%.
- The Global X Silver Miners ETF (NYSE:SIL) sank 1.1%.
Gold mining shares were also mixed on Monday.
- Agnico-Eagle Mines (NYSE:AEM) slid 0.9%.
- Barrick Gold (NYSE:ABX) climbed 1.8%.
- Eldorado Gold (NYSE:EGO) fell 1.8%.
- Goldcorp (NYSE:GG) was flat.
- Kinross Gold (NYSE:KGC) dipped 0.4%.
- Newmont Mining (NYSE:NEM) rose 0.2%.
- NovaGold Resources (AMEX:NG) dropped 2%.
- Yamana Gold (NYSE:AUY) inched up 0.1%.
Silver mining shares mostly retreated.
- Coeur d’Alene Mines (NYSE:CDE) dropped 0.7%.
- Hecla Mining (NYSE:HL) declined 1.2%.
- Pan American Silver (NASDAQ:PAAS) slumped 1.4%.
- Silver Wheaton (NYSE:SLW) sank 1%.
- Silver Standard Resources (NASDAQ:SSRI) gained 2.4%.
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.