The precious metal recovered some of the ground lost in Friday trading after the U.S. posted better-than-expected June employment numbers.
Gold futures for August delivery climbed 1.8% to $1,234.90 per ounce on Monday, according to CME Group. Gold traded as high as $1,237.40 and as low as $1,214.40. Gold bullion closed in London at $1,238, according to BullionVault.
Silver futures for August delivery rose 1.6% to $19.03 per ounce. Monday’s high for silver was $19.23 while the low was $18.71.
Gold and silver funds gained in Monday trading.
- The SPDR Gold Trust (GLD) rose 1.2%.
- The iShares Gold Trust (IAU) also climbed 1.2%.
- The iShares Silver Trust (SLV) added 1.1%.
Gold and silver mining ETFs mostly declined during the day.
- The Market Vectors Gold Miners ETF (GDX) fell 2.2%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) rose 0.2%.
- The Global X Silver Miners ETF (SIL) sank 1%.
Gold mining shares were mostly lower on Monday.
- Agnico-Eagle Mines (AEM) climbed 3.3%.
- Barrick Gold (ABX) rose 0.2%.
- Eldorado Gold (EGO) fell 1.7%.
- Goldcorp (GG) slid 2%.
- Kinross Gold (KGC) dropped 3.2%.
- Newmont Mining (NEM) moved down 2.7%.
- NovaGold Resources (NG) dipped 0.5%.
- Yamana Gold (AUY) sank 1.6%.
Silver mining shares mostly slid during the day.
- Coeur d’Alene Mines (CDE) dropped 3.9%.
- Hecla Mining (HL) fell 3.2%.
- Pan American Silver (PAAS) declined 2.2%.
- Silver Wheaton (SLW) rose 0.1%.
- Silver Standard Resources (SSRI) sank 2.3%.
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.