Gold futures for December delivery edged up 0.1% to $1,314.70 per ounce on Monday, according to CME Group. Gold traded as high as $1,322.40 and as low as $1,310.80. Bullion closed in London at $1,316, according to BullionVault.
Silver futures for December sank 0.6% to $21.70 per ounce. Monday’s high for silver was $21.94, while the low was $21.61.
Metal funds declined in Monday trading.
- The SPDR Gold Shares (GLD) dipped 0.1%.
- The iShares Gold Trust (IAU) slid 0.1%.
- The iShares Silver Trust (SLV) dropped 1%.
Mining ETFs rose during the day.
- The Market Vectors Gold Miners ETF (GDX) gained 3.1%.
- The Market Vectors Junior Gold Miners ETF (GDXJ) added 2.1%.
- The Global X Silver Miners ETF (SIL) increased 1.9%.
Gold stocks improved strongly on Monday.
- Agnico-Eagle Mines (AEM) gained 2%.
- Barrick Gold (ABX) rose 1.6%.
- Eldorado Gold (EGO) moved down 3.2%.
- Goldcorp (GG) added 3%.
- Kinross Gold (KGC) climbed 3.9%.
- Newmont Mining (NEM) surged 5.2%.
- NovaGold Resources (NG) moved up 3.8%.
- Yamana Gold (AUY) gained 1.3%.
Silver mining shares advanced during the day.
- Coeur d’Alene Mines (CDE) added 2.9%.
- Hecla Mining (HL) was flat.
- Pan American Silver (PAAS) increased 2%.
- Silver Wheaton (SLW) edged up 0.3%.
- Silver Standard Resources (SSRI) slid 1.3%.
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.