Gold Gains for Third Consecutive Session

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Gold Silver GLD IAU SLVGold inched up in Thursday trading, rising for the third straight session.

Gold futures for February delivery added 0.3% to $1,251.10 per ounce on Monday, according to CME Group. Gold traded as high as $1,255.30 and as low as $1,243. Bullion closed in London at $1,251, according to BullionVault.

Silver futures for March delivery increased 0.8%, to $20.39 per ounce. Monday’s high for silver was $20.47, while the low was $19.96.

Metal funds improved on Monday.

  • The SPDR Gold Shares (GLD) rose 0.6%.
  • The iShares Gold Trust (IAU) climbed 0.7%.
  • The iShares Silver Trust (SLV) gained 1.6%.

Mining ETFs advanced during the day.

  • The Market Vectors Gold Miners ETF (GDX) added 2.9%.
  • The Market Vectors Junior Gold Miners ETF (GDXJ) surged 5.8%.
  • The Global X Silver Miners ETF (SIL) grew 2.9%.

Gold stocks mostly climbed on Monday.

  • Agnico-Eagle Mines (AEM) jumped 5%.
  • Barrick Gold (ABX) edged up 0.1%.
  • Eldorado Gold (EGO) surged 5%.
  • Goldcorp (GG) sank 0.3%.
  • Kinross Gold (KGC) added 1.8%.
  • Newmont Mining (NEM) inched up 0.3%.
  • NovaGold Resources (NG) improved 4.7%.
  • Yamana Gold (AUY) gained 2.8%.

Silver mining shares moved higher during the day.

  • Coeur d’Alene Mines (CDE) added 1.9%.
  • Hecla Mining (HL) increased 2.1%.
  • Pan American Silver (PAAS) gained 1.8%.
  • Silver Wheaton (SLW) rosed 2%.
  • Silver Standard Resources (SSRI) improved 2.1%.

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.


Article printed from InvestorPlace Media, https://investorplace.com/2014/01/gold-gains-third-consecutive-session/.

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