Gold futures for December delivery dipped 0.4% to $1,365.70 per ounce on Monday, according to CME Group. Gold traded as high as $1,384.10 and as low as $1,362. Gold bullion closed in London at $1,370, according to BullionVault.
Silver futures for December delivery sank 0.7% to $23.22 per ounce. Monday’s high for silver was $23.64, while the low was $23.01.
Gold and silver funds declined slightly in Monday trading.
- The SPDR Gold Trust (GLD) slid 0.4%.
- The iShares Gold Trust (IAU) also dipped 0.4%.
- The iShares Silver Trust (SLV) was flat.
Gold and silver mining ETFs moved lower during the day.
- The Market Vectors Gold Miners ETF (GDX) fell 1.9%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) decreased 0.9%.
- The Global X Silver Miners ETF (SIL) tumbled 2.8%.
Gold mining shares mostly sank on Monday.
- Agnico-Eagle Mines (AEM) edged down 0.1%.
- Barrick Gold (ABX) slid 0.5%.
- Eldorado Gold (EGO) dropped 2.3%.
- Goldcorp (GG) fell 0.3%.
- Kinross Gold (KGC) tumbled 3.6%.
- Newmont Mining (NEM) declined 0.9%.
- NovaGold Resources (NG) pulled back 2.9%.
- Yamana Gold (AUY) climbed 0.6%.
Silver mining shares slumped during the day.
- Coeur d’Alene Mines (CDE) slumped 3.5%.
- Hecla Mining (HL) retreated 3.2%.
- Pan American Silver (PAAS) dropped 3%.
- Silver Wheaton (SLW) declined 0.9%.
- Silver Standard Resources (SSRI) fell 1%.
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.